Oracle Co. (NYSE:ORCL) Shares Bought by Greenwich Wealth Management LLC

Greenwich Wealth Management LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 0.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 332,432 shares of the enterprise software provider’s stock after acquiring an additional 401 shares during the period. Oracle comprises approximately 3.9% of Greenwich Wealth Management LLC’s holdings, making the stock its 4th biggest position. Greenwich Wealth Management LLC’s holdings in Oracle were worth $55,397,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ORCL. R Squared Ltd acquired a new position in Oracle during the 4th quarter worth $25,000. Winch Advisory Services LLC boosted its holdings in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the period. Synergy Investment Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $34,000. TFC Financial Management Inc. boosted its holdings in shares of 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 buying an additional 120 shares during the period. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were 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 of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several research firms have recently commented on ORCL. Mizuho lifted their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Bank of America reduced their target price on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Stifel Nicolaus reduced their target price on shares of Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. Finally, KeyCorp reissued an “overweight” rating and set a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $179.71.

Oracle Stock Up 1.2 %

ORCL stock opened at $149.36 on Friday. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31. The company’s 50 day simple moving average is $165.80 and its 200-day simple moving average is $169.63. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market capitalization of $417.76 billion, a P/E ratio of 36.52, a P/E/G ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The firm’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

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.