Wealthspire Advisors LLC Buys 835 Shares of Oracle Co. (NYSE:ORCL)

Wealthspire Advisors LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 4.0% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,781 shares of the enterprise software provider’s stock after purchasing an additional 835 shares during the quarter. Wealthspire Advisors LLC’s holdings in Oracle were worth $3,630,000 at the end of the most recent reporting period.

Several other large investors have also modified their holdings of ORCL. Wealth Group Ltd. bought a new stake in shares of Oracle in the 3rd quarter valued at about $222,000. Howard Capital Management Group LLC raised its stake in shares of Oracle by 12.4% during the 3rd 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. Hennion & Walsh Asset Management Inc. bought a new position in shares of Oracle during the 3rd quarter worth approximately $1,266,000. Legacy Wealth Asset Management LLC bought a new position in shares of Oracle during the 3rd quarter worth approximately $237,000. Finally, Modera Wealth Management LLC raised its stake in shares of Oracle by 0.9% during the 3rd quarter. Modera Wealth Management LLC now owns 101,219 shares of the enterprise software provider’s stock worth $17,248,000 after acquiring an additional 902 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of NYSE ORCL opened at $167.92 on Monday. The company’s fifty day moving average price is $168.99 and its 200 day moving average price is $167.58. Oracle Co. has a 1 year low of $109.66 and a 1 year high of $198.31. The company has a market capitalization of $469.66 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analyst Upgrades and Downgrades

Several research analysts recently commented on the stock. Cantor Fitzgerald lowered shares of Oracle to an “overweight” rating in a research note on Monday, February 10th. Piper Sandler boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Jefferies Financial Group boosted their price objective on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. 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. Finally, Morgan Stanley boosted their price objective on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. 42.20% of the stock is currently owned by insiders.

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.