Aviso Wealth Management Acquires 833 Shares of Oracle Co. (NYSE:ORCL)

Aviso Wealth Management boosted its holdings in Oracle Co. (NYSE:ORCL) by 23.7% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 4,355 shares of the enterprise software provider’s stock after buying an additional 833 shares during the period. Aviso Wealth Management’s holdings in Oracle were worth $726,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. Borer Denton & Associates Inc. increased its position in shares of Oracle by 4.0% during the fourth quarter. Borer Denton & Associates Inc. now owns 59,124 shares of the enterprise software provider’s stock valued at $9,852,000 after buying an additional 2,290 shares during the period. Core Wealth Partners LLC increased its holdings in Oracle by 11.2% during the 4th quarter. Core Wealth Partners LLC now owns 6,056 shares of the enterprise software provider’s stock worth $1,009,000 after acquiring an additional 608 shares during the period. Ausdal Financial Partners Inc. boosted its holdings in Oracle by 16.5% in the 4th quarter. Ausdal Financial Partners Inc. now owns 11,008 shares of the enterprise software provider’s stock valued at $1,834,000 after purchasing an additional 1,557 shares during the period. TrueMark Investments LLC grew its position in shares of Oracle by 101.4% during the 4th quarter. TrueMark Investments LLC now owns 34,603 shares of the enterprise software provider’s stock valued at $5,766,000 after purchasing an additional 17,426 shares in the last quarter. Finally, Financial Engines Advisors L.L.C. increased its holdings in shares of Oracle by 32.0% in the fourth quarter. Financial Engines Advisors L.L.C. now owns 7,849 shares of the enterprise software provider’s stock worth $1,308,000 after purchasing an additional 1,904 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of NYSE:ORCL opened at $153.59 on Wednesday. The business has a 50-day simple moving average of $164.84 and a two-hundred day simple moving average of $170.44. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $429.58 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 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 the consensus estimate of $14.40 billion. During the same quarter last year, the company earned $1.41 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, analysts expect that Oracle Co. will post 5 earnings per share for the current 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 given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is 46.95%.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several brokerages have issued reports on ORCL. UBS Group reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Piper Sandler cut their target price on shares of Oracle from $210.00 to $190.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Bank of America reduced their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Stifel Nicolaus dropped their target price on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. Finally, Evercore ISI decreased their price target on Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research note on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $179.20.

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.