Curio Wealth LLC Acquires Shares of 1,038 Oracle Co. (NYSE:ORCL)

Curio Wealth LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 1,038 shares of the enterprise software provider’s stock, valued at approximately $173,000.

A number of other large investors have also recently made changes to their positions in the stock. Cassady Schiller Wealth Management LLC boosted its holdings in shares of Oracle by 6.3% in the fourth quarter. Cassady Schiller Wealth Management LLC now owns 1,879 shares of the enterprise software provider’s stock valued at $313,000 after purchasing an additional 112 shares during the period. TCTC Holdings LLC boosted its holdings in shares of Oracle by 7.6% in the fourth quarter. TCTC Holdings LLC now owns 2,354 shares of the enterprise software provider’s stock valued at $392,000 after purchasing an additional 167 shares during the period. Signaturefd LLC boosted its holdings in shares of Oracle by 0.4% in the fourth quarter. Signaturefd LLC now owns 44,145 shares of the enterprise software provider’s stock valued at $7,356,000 after purchasing an additional 158 shares during the period. Cibc World Markets Corp boosted its holdings in shares of Oracle by 52.3% in the fourth quarter. Cibc World Markets Corp now owns 335,375 shares of the enterprise software provider’s stock valued at $55,887,000 after purchasing an additional 115,111 shares during the period. Finally, Polen Capital Management LLC boosted its holdings in shares of Oracle by 22.3% in the fourth quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock valued at $1,787,003,000 after purchasing an additional 1,955,764 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of ORCL stock opened at $149.36 on Monday. The firm has a market capitalization of $417.76 billion, a price-to-earnings ratio of 36.52, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. 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 business has a fifty day moving average of $165.80 and a 200 day moving average of $169.85. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period last year, the business earned $1.41 EPS. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is 46.95%.

Analysts Set New Price Targets

A number of analysts recently issued reports on the company. Evercore ISI lowered their price target on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Citigroup lowered their price target on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research report on Wednesday, March 12th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. Finally, Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $179.71.

Insider Buying and Selling

In other 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 transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

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.