Oracle Co. (NYSE:ORCL) Shares Purchased by Robertson Stephens Wealth Management LLC

Robertson Stephens Wealth Management LLC lifted its position in Oracle Co. (NYSE:ORCL) by 5.7% in the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,448 shares of the enterprise software provider’s stock after purchasing an additional 399 shares during the quarter. Robertson Stephens Wealth Management LLC’s holdings in Oracle were worth $1,241,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Inman Jager Wealth Management LLC acquired a new stake in Oracle during the 4th quarter worth approximately $279,000. Summit Wealth Partners LLC lifted its position in Oracle by 10.8% during the 4th quarter. Summit Wealth Partners LLC now owns 3,736 shares of the enterprise software provider’s stock worth $623,000 after acquiring an additional 364 shares during the period. Meritage Portfolio Management lifted its position in Oracle by 6.5% during the 4th quarter. Meritage Portfolio Management now owns 3,844 shares of the enterprise software provider’s stock worth $641,000 after acquiring an additional 234 shares during the period. Vestia Personal Wealth Advisors acquired a new stake in Oracle during the 4th quarter worth approximately $200,000. Finally, Choreo LLC raised its stake in shares of Oracle by 5.9% during the 4th quarter. Choreo LLC now owns 100,669 shares of the enterprise software provider’s stock worth $16,789,000 after buying an additional 5,598 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on 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 sale, the chief executive officer now 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 document filed with the Securities & Exchange Commission, which is available through this link. Insiders own 42.20% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Friday, December 20th. Mizuho increased their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Stifel Nicolaus increased their target price on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group increased their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One investment 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’s stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Price Performance

Shares of NYSE:ORCL opened at $172.53 on Friday. The business’s fifty day moving average price is $170.83 and its two-hundred day moving average price is $164.05. The stock has a market cap of $482.56 billion, a PE ratio of 42.18, a price-to-earnings-growth ratio of 3.35 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 Co. has a one year low of $106.51 and a one 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 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 business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the business earned $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 39.12%.

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.