Opal Wealth Advisors LLC Purchases 207 Shares of Oracle Co. (NYSE:ORCL)

Opal Wealth Advisors LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 4.7% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 4,634 shares of the enterprise software provider’s stock after purchasing an additional 207 shares during the period. Opal Wealth Advisors LLC’s holdings in Oracle were worth $772,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Wealth Group Ltd. purchased a new position in Oracle during the 3rd quarter valued at about $222,000. Annex Advisory Services LLC raised its stake in Oracle by 6.5% in the 3rd quarter. Annex Advisory Services LLC now owns 180,337 shares of the enterprise software provider’s stock worth $30,729,000 after acquiring an additional 10,984 shares during the last quarter. Retirement Planning Group LLC lifted its position in Oracle by 9.1% during the 3rd quarter. Retirement Planning Group LLC now owns 3,281 shares of the enterprise software provider’s stock worth $559,000 after acquiring an additional 273 shares during the period. Exchange Traded Concepts LLC increased its holdings in shares of Oracle by 157.0% in the third quarter. Exchange Traded Concepts LLC now owns 4,587 shares of the enterprise software provider’s stock valued at $782,000 after purchasing an additional 2,802 shares during the period. Finally, Johnson Bixby & Associates LLC lifted its stake in Oracle by 2.9% during the 3rd quarter. Johnson Bixby & Associates LLC now owns 3,500 shares of the enterprise software provider’s stock valued at $596,000 after acquiring an additional 100 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 1.3 %

Oracle stock opened at $174.53 on Monday. The stock has a 50-day simple moving average of $170.42 and a 200-day simple moving average of $164.50. The company has a market capitalization of $488.15 billion, a P/E ratio of 42.67, a PEG ratio of 3.39 and a beta of 1.05. 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 fifty-two week low of $106.51 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period in the previous year, the company posted $1.34 earnings per share. Oracle’s revenue was up 8.6% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

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 0.92%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts recently issued reports on the stock. Morgan Stanley increased their price target on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on shares of Oracle in a research report on Friday, January 17th. They issued an “overweight” rating and a $214.00 target price for the company. JMP Securities reissued a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. UBS Group upped their price target on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

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.