Rockline Wealth Management LLC Grows Holdings in Oracle Co. (NYSE:ORCL)

Rockline Wealth Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.0% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 27,401 shares of the enterprise software provider’s stock after acquiring an additional 1,560 shares during the period. Oracle accounts for about 1.2% of Rockline Wealth Management LLC’s investment portfolio, making the stock its 22nd largest holding. Rockline Wealth Management LLC’s holdings in Oracle were worth $4,566,000 as of its most recent SEC filing.

Other hedge funds have also bought and sold shares of the company. Czech National Bank grew its stake in shares of Oracle by 7.2% in the 3rd quarter. Czech National Bank now owns 325,610 shares of the enterprise software provider’s stock worth $55,484,000 after buying an additional 21,832 shares during the last quarter. GAMMA Investing LLC increased its holdings in shares of Oracle by 33.7% during the third quarter. GAMMA Investing LLC now owns 29,841 shares of the enterprise software provider’s stock valued at $5,085,000 after acquiring an additional 7,526 shares in the last quarter. Davis Investment Partners LLC increased its holdings in shares of Oracle by 5.5% during the third quarter. Davis Investment Partners LLC now owns 7,092 shares of the enterprise software provider’s stock valued at $1,189,000 after acquiring an additional 367 shares in the last quarter. Diversified Trust Co raised its position in shares of Oracle by 7.1% in the 3rd quarter. Diversified Trust Co now owns 27,040 shares of the enterprise software provider’s stock worth $4,608,000 after purchasing an additional 1,796 shares during the last quarter. Finally, Smith Anglin Financial LLC boosted its stake in Oracle by 2.0% in the 3rd quarter. Smith Anglin Financial LLC now owns 3,716 shares of the enterprise software provider’s stock worth $633,000 after purchasing an additional 74 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $168.60 on Tuesday. The stock has a 50-day moving average price of $171.89 and a 200 day moving average price of $163.58. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The stock has a market capitalization of $471.57 billion, a P/E ratio of 41.22, a P/E/G ratio of 3.35 and a beta of 1.05.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The shares were 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 represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several analyst reports. Cantor Fitzgerald began coverage on shares of Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 target price on the stock. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. DA Davidson lifted their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Morgan Stanley lifted their price objective on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Finally, Guggenheim lifted their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average 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.