Golden State Wealth Management LLC Takes Position in Oracle Co. (NYSE:ORCL)

Golden State Wealth Management LLC purchased a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund purchased 2,401 shares of the enterprise software provider’s stock, valued at approximately $400,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Principal Financial Group Inc. raised its stake in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. RMR Wealth Builders raised its stake in Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after buying an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC lifted its holdings in Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after buying an additional 32,718 shares during the last quarter. Crews Bank & Trust acquired a new position in shares of Oracle in the 4th quarter worth approximately $1,800,000. Finally, Chase Investment Counsel Corp bought a new stake in shares of Oracle in the 3rd quarter valued at approximately $4,160,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. Mizuho lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Stifel Nicolaus increased their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Guggenheim lifted their target price on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Insiders own 42.20% of the company’s stock.

Oracle Trading Up 1.3 %

Shares of Oracle stock opened at $174.53 on Friday. The business has a fifty day simple moving average of $170.63 and a 200-day simple moving average of $164.11. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The firm has a market cap of $488.15 billion, a price-to-earnings ratio of 42.67, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.34 EPS. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. Oracle’s dividend payout ratio is currently 39.12%.

Oracle Company Profile

Oracle Corporation offers products and services that address enterprise information technology environments worldwide. Its Oracle cloud software as a service offering include various cloud software applications, including Oracle Fusion cloud enterprise resource planning (ERP), Oracle Fusion cloud enterprise performance management, Oracle Fusion cloud supply chain and manufacturing management, Oracle Fusion cloud human capital management, Oracle Cerner healthcare, Oracle Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.