Wealthspire Advisors LLC Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

Wealthspire Advisors LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 7.2% during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 20,458 shares of the enterprise software provider’s stock after buying an additional 1,372 shares during the period. Wealthspire Advisors LLC’s holdings in Oracle were worth $2,157,000 as of its most recent SEC filing.

A number of other large investors have also recently added to or reduced their stakes in the business. Chicago Partners Investment Group LLC boosted its position in Oracle by 10.2% during the third quarter. Chicago Partners Investment Group LLC now owns 16,068 shares of the enterprise software provider’s stock worth $1,666,000 after acquiring an additional 1,493 shares during the last quarter. Park Avenue Securities LLC raised its position in shares of Oracle by 3.3% in the 3rd quarter. Park Avenue Securities LLC now owns 18,992 shares of the enterprise software provider’s stock valued at $2,012,000 after purchasing an additional 615 shares in the last quarter. Gratus Capital LLC acquired a new stake in shares of Oracle during the third quarter worth approximately $365,000. AustralianSuper Pty Ltd increased its stake in shares of Oracle by 5.2% in the third quarter. AustralianSuper Pty Ltd now owns 39,534 shares of the enterprise software provider’s stock worth $4,187,000 after buying an additional 1,951 shares during the last quarter. Finally, Oarsman Capital Inc. raised its holdings in Oracle by 1.4% in the third quarter. Oarsman Capital Inc. now owns 11,301 shares of the enterprise software provider’s stock valued at $1,197,000 after acquiring an additional 157 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. In the last three months, insiders have sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is owned by insiders.

Analyst Ratings Changes

ORCL has been the subject of several research analyst reports. HSBC boosted their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday. BMO Capital Markets raised their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Oppenheimer began coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. Finally, The Goldman Sachs Group lifted their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Down 0.7 %

NYSE ORCL traded down $0.82 during trading on Thursday, reaching $116.57. The company’s stock had a trading volume of 3,236,172 shares, compared to its average volume of 8,150,866. The business has a 50-day moving average price of $120.30 and a 200-day moving average price of $113.59. Oracle Co. has a 1-year low of $96.26 and a 1-year high of $132.77. The stock has a market capitalization of $320.39 billion, a PE ratio of 30.78, a PEG ratio of 2.32 and a beta of 1.03. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. On average, research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

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.