Potentia Wealth Purchases Shares of 11,867 Oracle Co. (NYSE:ORCL)

Potentia Wealth acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund acquired 11,867 shares of the enterprise software provider’s stock, valued at approximately $1,978,000. Oracle comprises about 0.9% of Potentia Wealth’s holdings, making the stock its 22nd biggest holding.

Several other large investors have also modified their holdings of the stock. Raymond James Financial Inc. purchased a new position in shares of Oracle during the fourth quarter worth approximately $930,095,000. Vanguard Group Inc. boosted its stake in Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. Polen Capital Management LLC grew its position in Oracle by 22.3% during the 4th quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock worth $1,787,003,000 after purchasing an additional 1,955,764 shares during the last quarter. Franklin Resources Inc. increased its stake in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. Finally, State Street Corp raised its holdings in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after buying an additional 1,847,561 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently issued reports on the company. Evercore ISI dropped their price target on Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Stifel Nicolaus cut their price target on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. UBS Group reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a “sector perform” rating in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $179.20.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of the stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 42.20% of the stock is owned by company insiders.

Oracle Trading Up 1.8 %

Shares of Oracle stock opened at $154.98 on Tuesday. The business has a 50 day moving average price of $164.89 and a 200 day moving average price of $170.36. The company has a market capitalization of $433.46 billion, a P/E ratio of 37.89, 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 Co. has a 1 year low of $112.78 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 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 company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period in the previous year, the business earned $1.41 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. Sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.29%. Oracle’s dividend payout ratio is presently 46.95%.

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.