Quantum Private Wealth LLC Grows Position in Oracle Co. (NYSE:ORCL)

Quantum Private Wealth LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 19.6% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 3,987 shares of the enterprise software provider’s stock after buying an additional 653 shares during the quarter. Quantum Private Wealth LLC’s holdings in Oracle were worth $664,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. bLong Financial LLC bought a new position in shares of Oracle in the fourth quarter worth about $287,000. Everhart Financial Group Inc. lifted its holdings in Oracle by 5.0% during the fourth quarter. Everhart Financial Group Inc. now owns 12,793 shares of the enterprise software provider’s stock worth $2,132,000 after buying an additional 605 shares during the period. TigerOak Management L.L.C. bought a new stake in Oracle during the fourth quarter valued at about $270,000. Congress Asset Management Co. grew its position in shares of Oracle by 2.5% in the 4th quarter. Congress Asset Management Co. now owns 110,095 shares of the enterprise software provider’s stock worth $18,346,000 after buying an additional 2,654 shares during the last quarter. Finally, Roxbury Financial LLC acquired a new position in shares of Oracle during the fourth quarter worth $169,000. 42.44% of the stock is owned by institutional investors.

Oracle Trading Down 0.2 %

Shares of NYSE ORCL opened at $173.50 on Friday. 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 stock has a market cap of $485.27 billion, a price-to-earnings ratio of 42.42, a PEG ratio of 3.39 and a beta of 1.05. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The business has a 50 day simple moving average of $169.33 and a 200 day simple moving average of $165.59.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. 42.20% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently weighed in on the stock. DA Davidson boosted their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Mizuho increased their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. BMO Capital Markets increased their price objective on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. KeyCorp boosted their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Finally, Evercore ISI increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price 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.