109,861 Shares in Oracle Co. (NYSE:ORCL) Acquired by SVB Wealth LLC

SVB Wealth LLC acquired a new stake in Oracle Co. (NYSE:ORCL) during the fourth quarter, Holdings Channel reports. The fund acquired 109,861 shares of the enterprise software provider’s stock, valued at approximately $18,307,000.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. R Squared Ltd purchased a new position in shares of Oracle in the fourth quarter worth about $25,000. Winch Advisory Services LLC grew its stake in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. TFC Financial Management Inc. raised its holdings in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Reston Wealth Management LLC purchased a new position in Oracle in the 3rd quarter worth approximately $44,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently commented on ORCL. Mizuho increased their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Guggenheim upped their price objective on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Cantor Fitzgerald downgraded shares of Oracle to an “overweight” rating in a research note on Monday, February 10th. Finally, Evercore ISI increased their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Price Performance

Shares of ORCL opened at $166.09 on Friday. 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 Co. has a fifty-two week low of $110.36 and a fifty-two week high of $198.31. The company has a market cap of $464.55 billion, a P/E ratio of 40.61, a PEG ratio of 3.46 and a beta of 1.05. The firm’s 50 day moving average price is $168.93 and its 200 day moving average price is $168.36.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is presently 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.