1620 Investment Advisors Inc. Has $508,000 Holdings in Oracle Co. (NYSE:ORCL)

1620 Investment Advisors Inc. boosted its holdings in Oracle Co. (NYSE:ORCL) by 87.1% during the 4th quarter, HoldingsChannel.com reports. The institutional investor owned 3,048 shares of the enterprise software provider’s stock after acquiring an additional 1,419 shares during the quarter. 1620 Investment Advisors Inc.’s holdings in Oracle were worth $508,000 at the end of the most recent reporting period.

Several other large investors have also bought and sold shares of the business. Lakeshore Financial Planning Inc. boosted its stake in Oracle by 6.1% in the fourth quarter. Lakeshore Financial Planning Inc. now owns 2,012 shares of the enterprise software provider’s stock valued at $335,000 after buying an additional 115 shares in the last quarter. Wayfinding Financial LLC bought a new position in Oracle in the fourth quarter valued at about $325,000. Lee Danner & Bass Inc. raised its position in Oracle by 1.3% in the fourth quarter. Lee Danner & Bass Inc. now owns 44,942 shares of the enterprise software provider’s stock valued at $7,489,000 after purchasing an additional 573 shares during the last quarter. Independent Solutions Wealth Management LLC raised its position in Oracle by 9.3% in the fourth quarter. Independent Solutions Wealth Management LLC now owns 1,393 shares of the enterprise software provider’s stock valued at $232,000 after purchasing an additional 119 shares during the last quarter. Finally, DCF Advisers LLC raised its position in Oracle by 25.9% in the fourth quarter. DCF Advisers LLC now owns 36,500 shares of the enterprise software provider’s stock valued at $6,082,000 after purchasing an additional 7,500 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several research firms have commented on ORCL. UBS Group reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. BMO Capital Markets dropped their target price on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research report on Tuesday, March 11th. Bank of America dropped their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Stephens assumed coverage on Oracle in a research report on Wednesday. They set an “equal weight” rating and a $167.00 price objective for the company. Finally, KeyCorp restated an “overweight” rating and set a $200.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $179.20.

Oracle Trading Up 0.2 %

Shares of Oracle stock opened at $152.78 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. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The stock has a 50 day moving average price of $164.90 and a two-hundred day moving average price of $169.77. The stock has a market capitalization of $427.31 billion, a PE ratio of 37.35, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. 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 posted $1.41 EPS. The company’s revenue was up 6.4% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. Oracle’s payout ratio is presently 46.95%.

Insider Activity at Oracle

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

Oracle Company 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.