Financial Perspectives Inc Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Financial Perspectives Inc raised its stake in shares of Oracle Co. (NYSE:ORCL) by 15.7% in the fourth quarter, according to its most recent 13F filing with the SEC. The fund owned 4,534 shares of the enterprise software provider’s stock after buying an additional 615 shares during the period. Financial Perspectives Inc’s holdings in Oracle were worth $756,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of ORCL. Wealth Group Ltd. purchased a new position in Oracle during the third quarter worth approximately $222,000. Howard Capital Management Group LLC boosted its position in Oracle by 12.4% during the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after purchasing an additional 883 shares in the last quarter. GFG Capital LLC raised its holdings in shares of Oracle by 9.4% during the third quarter. GFG Capital LLC now owns 21,058 shares of the enterprise software provider’s stock valued at $3,588,000 after acquiring an additional 1,816 shares during the last quarter. Raleigh Capital Management Inc. increased its holdings in shares of Oracle by 9.1% in the third quarter. Raleigh Capital Management Inc. now owns 6,674 shares of the enterprise software provider’s stock valued at $1,137,000 after purchasing an additional 559 shares during the last quarter. Finally, Telos Capital Management Inc. increased its holdings in shares of Oracle by 1.9% in the third quarter. Telos Capital Management Inc. now owns 51,549 shares of the enterprise software provider’s stock valued at $8,784,000 after purchasing an additional 968 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Up 3.2 %

ORCL opened at $179.78 on Wednesday. The business’s 50-day simple moving average is $169.03 and its 200-day simple moving average is $166.57. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The stock has a market capitalization of $502.85 billion, a P/E ratio of 43.96, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. Analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.89%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ORCL shares. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Wednesday. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Mizuho increased their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a report on Friday, December 20th. Finally, Jefferies Financial Group increased their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

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.