Modern Wealth Management LLC Grows Stake in Oracle Co. (NYSE:ORCL)

Modern Wealth Management LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 130.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 14,167 shares of the enterprise software provider’s stock after buying an additional 8,018 shares during the period. Modern Wealth Management LLC’s holdings in Oracle were worth $2,535,000 as of its most recent SEC filing.

A number of other large investors have also modified their holdings of the stock. R Squared Ltd purchased a new position in Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its position in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Synergy Investment Management LLC purchased a new position in shares of Oracle in the fourth quarter valued at $34,000. TFC Financial Management Inc. grew its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in Oracle during the 4th quarter worth $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have recently weighed in on ORCL. Bank of America lowered their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and set a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Finally, Guggenheim reaffirmed a “buy” rating and issued a $220.00 price target on shares of Oracle in a report on Wednesday, March 5th. Thirteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $179.20.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. 42.20% of the stock is owned by insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $153.59 on Wednesday. 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 $429.58 billion, a PE ratio of 37.55, a P/E/G ratio of 3.46 and a beta of 1.07. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The business’s fifty day moving average price is $164.84 and its two-hundred day moving average price is $170.44.

Oracle (NYSE:ORCL) last released 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 return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the business earned $1.41 EPS. The firm’s revenue was up 6.4% on a year-over-year basis. On average, research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.30%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio is 46.95%.

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.