Nicholas Hoffman & Company LLC. Has $1.77 Million Stake in Oracle Co. (NYSE:ORCL)

Nicholas Hoffman & Company LLC. lifted its position in shares of Oracle Co. (NYSE:ORCL) by 7.2% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 10,640 shares of the enterprise software provider’s stock after buying an additional 717 shares during the period. Nicholas Hoffman & Company LLC.’s holdings in Oracle were worth $1,773,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Wealth Group Ltd. bought a new stake in Oracle during the 3rd quarter worth about $222,000. Creative Planning increased its position in shares of Oracle by 4.1% in the third quarter. Creative Planning now owns 774,912 shares of the enterprise software provider’s stock valued at $132,045,000 after acquiring an additional 30,341 shares during the last quarter. Howard Capital Management Group LLC raised its holdings in Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after acquiring an additional 883 shares in the last quarter. Stratos Wealth Advisors LLC boosted its position in Oracle by 3.6% during the third quarter. Stratos Wealth Advisors LLC now owns 11,250 shares of the enterprise software provider’s stock valued at $1,917,000 after purchasing an additional 396 shares during the last quarter. Finally, Ferguson Wellman Capital Management Inc. grew its stake in Oracle by 47.1% in the third quarter. Ferguson Wellman Capital Management Inc. now owns 7,094 shares of the enterprise software provider’s stock valued at $1,209,000 after purchasing an additional 2,273 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities research analysts have recently commented on ORCL shares. Morgan Stanley increased their price objective on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. 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 note on Tuesday, December 10th. Evercore ISI boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Cantor Fitzgerald started coverage on shares of Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 target price for the company. Finally, Jefferies Financial Group boosted their price target 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 issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Performance

NYSE ORCL opened at $173.50 on Monday. The firm’s 50 day simple moving average is $169.33 and its 200 day simple moving average is $165.80. The firm has a market capitalization of $485.27 billion, a price-to-earnings ratio of 42.42, 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 issued its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the prior year, the business posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s dividend payout ratio (DPR) 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.