Oracle Co. (NYSE:ORCL) Stock Holdings Increased by Independent Solutions Wealth Management LLC

Independent Solutions Wealth Management LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 9.3% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,393 shares of the enterprise software provider’s stock after acquiring an additional 119 shares during the period. Independent Solutions Wealth Management LLC’s holdings in Oracle were worth $232,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently modified their holdings of the company. State Street Corp raised its stake in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after buying an additional 1,847,561 shares in the last quarter. Geode Capital Management LLC raised its stake in shares of Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after buying an additional 885,041 shares in the last quarter. Franklin Resources Inc. raised its stake in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after buying an additional 1,917,416 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Oracle by 0.5% in the 4th quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider’s stock worth $2,998,798,000 after buying an additional 97,635 shares in the last quarter. Finally, Janus Henderson Group PLC raised its stake in shares of Oracle by 0.4% in the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after buying an additional 54,868 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated 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 completion of the transaction, the chief executive officer now 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 position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $152.83 on Friday. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The business has a 50-day moving average of $164.87 and a two-hundred day moving average of $169.85. The stock has a market capitalization of $427.45 billion, a P/E ratio of 37.37, a P/E/G 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.

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

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.31%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ORCL. Stifel Nicolaus decreased their target price on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Guggenheim restated a “buy” rating and issued a $220.00 target price on shares of Oracle in a report on Wednesday, March 5th. Stephens began coverage on Oracle in a report on Wednesday. They issued an “equal weight” rating and a $167.00 target price on the stock. Finally, Morgan Stanley decreased their target price on Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 11th. Thirteen 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’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $179.20.

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.