Bogart Wealth LLC Acquires 228 Shares of Oracle Co. (NYSE:ORCL)

Bogart Wealth LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.1% during the 4th quarter, HoldingsChannel reports. The fund owned 11,221 shares of the enterprise software provider’s stock after acquiring an additional 228 shares during the quarter. Bogart Wealth LLC’s holdings in Oracle were worth $1,870,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the business. Catalyst Financial Partners LLC lifted its stake in shares of Oracle by 5.0% in the 4th quarter. Catalyst Financial Partners LLC now owns 6,624 shares of the enterprise software provider’s stock valued at $1,104,000 after acquiring an additional 316 shares during the last quarter. Asset Management One Co. Ltd. lifted its position in Oracle by 2.8% in the fourth quarter. Asset Management One Co. Ltd. now owns 651,308 shares of the enterprise software provider’s stock valued at $110,045,000 after purchasing an additional 17,975 shares during the last quarter. Life Planning Partners Inc purchased a new stake in shares of Oracle during the fourth quarter valued at approximately $13,884,000. Investment Partners Asset Management Inc. grew its holdings in shares of Oracle by 15.1% in the fourth quarter. Investment Partners Asset Management Inc. now owns 8,698 shares of the enterprise software provider’s stock worth $1,449,000 after purchasing an additional 1,143 shares during the last quarter. Finally, Avestar Capital LLC increased its stake in shares of Oracle by 10.5% in the fourth quarter. Avestar Capital LLC now owns 11,677 shares of the enterprise software provider’s stock worth $1,946,000 after buying an additional 1,107 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of ORCL opened at $174.08 on Friday. The firm has a fifty day simple moving average of $169.94 and a two-hundred day simple moving average of $165.29. The firm has a market cap of $486.89 billion, a PE ratio of 42.56, a P/E/G ratio of 3.39 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31.

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

Oracle Announces Dividend

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

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. 42.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several equities research analysts have weighed in on ORCL shares. UBS Group increased their price target on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Stifel Nicolaus increased their target price on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. Cantor Fitzgerald initiated coverage on Oracle in a report on Friday, January 17th. They set an “overweight” rating and a $214.00 price target on the stock. Evercore ISI increased their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

About Oracle

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.