NewEdge Wealth LLC Grows Holdings in Oracle Co. (NYSE:ORCL)

NewEdge Wealth LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 291.9% in the 4th quarter, Holdings Channel reports. The firm owned 119,859 shares of the enterprise software provider’s stock after purchasing an additional 89,278 shares during the quarter. NewEdge Wealth LLC’s holdings in Oracle were worth $19,973,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in ORCL. Wealth Group Ltd. bought a new stake in shares of Oracle during the third quarter valued at approximately $222,000. Howard Capital Management Group LLC raised its position in 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 valued at $1,366,000 after purchasing an additional 883 shares in the last quarter. Valmark Advisers Inc. lifted its holdings in shares of Oracle by 3.5% in the 3rd quarter. Valmark Advisers Inc. now owns 5,241 shares of the enterprise software provider’s stock worth $893,000 after buying an additional 176 shares during the period. Fidelis Capital Partners LLC lifted its holdings in shares of Oracle by 4.7% in the 3rd quarter. Fidelis Capital Partners LLC now owns 12,728 shares of the enterprise software provider’s stock worth $2,203,000 after buying an additional 566 shares during the period. Finally, Nicholas Hoffman & Company LLC. grew its position in shares of Oracle by 27.5% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,923 shares of the enterprise software provider’s stock worth $1,691,000 after buying an additional 2,140 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of analysts recently weighed in on the stock. UBS Group upped their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. BMO Capital Markets upped their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Finally, Evercore ISI boosted their price target on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report 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 given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Stock Up 2.3 %

Shares of ORCL stock opened at $172.37 on Thursday. Oracle Co. has a fifty-two week low of $109.79 and a fifty-two week high of $198.31. The firm has a market capitalization of $482.11 billion, a PE ratio of 42.14, a P/E/G 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. The stock’s 50-day simple moving average is $169.08 and its 200-day simple moving average is $168.15.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the company posted $1.34 EPS. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. Equities analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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

Oracle 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.