Oracle Co. (NYSE:ORCL) Shares Acquired by Crown Wealth Group LLC

Crown Wealth Group LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 8.4% during the 4th quarter, Holdings Channel reports. The fund owned 1,383 shares of the enterprise software provider’s stock after acquiring an additional 107 shares during the quarter. Crown Wealth Group LLC’s holdings in Oracle were worth $230,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Activest Wealth Management raised its stake in shares of Oracle by 21.9% during the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC increased its stake in Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after buying an additional 58 shares during the period. Cadence Bank raised its position in shares of Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after buying an additional 59 shares in the last quarter. Requisite Capital Management LLC lifted its stake in shares of Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after acquiring an additional 60 shares during the period. Finally, McLean Asset Management Corp boosted its holdings in shares of Oracle by 1.1% in the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after acquiring an additional 61 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 2.3 %

ORCL stock opened at $172.37 on Thursday. The company has a 50 day moving average of $169.08 and a two-hundred day moving average of $168.15. The company has a market cap of $482.11 billion, a price-to-earnings ratio of 42.14, a PEG ratio of 3.46 and a beta of 1.05. Oracle Co. has a 12-month low of $109.79 and a 12-month high of $198.31. 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 announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate 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 quarter in the prior year, the business posted $1.34 earnings per share. Oracle’s revenue was up 8.6% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company 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. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. Oracle’s dividend payout ratio is currently 39.12%.

Wall Street Analysts Forecast Growth

A number of equities research analysts have weighed in on the company. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. BMO Capital Markets upped their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. Stifel Nicolaus upped their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. Finally, KeyCorp lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction 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 ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Corporate insiders own 42.20% of the company’s stock.

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.