Uniting Wealth Partners LLC Invests $227,000 in Oracle Co. (NYSE:ORCL)

Uniting Wealth Partners LLC bought a new stake in Oracle Co. (NYSE:ORCL) during the fourth quarter, Holdings Channel reports. The firm bought 1,361 shares of the enterprise software provider’s stock, valued at approximately $227,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Howard Capital Management Group LLC boosted its holdings in Oracle by 12.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after purchasing an additional 883 shares during the period. Principal Financial Group Inc. raised its position in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares during the last quarter. United Bank lifted its stake in shares of Oracle by 4.8% in the third quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock valued at $1,948,000 after buying an additional 519 shares during the period. Integrated Wealth Concepts LLC grew its position in Oracle by 1.7% during the third quarter. Integrated Wealth Concepts LLC now owns 59,515 shares of the enterprise software provider’s stock worth $10,141,000 after buying an additional 971 shares in the last quarter. Finally, IHT Wealth Management LLC increased its stake in Oracle by 35.5% during the third quarter. IHT Wealth Management LLC now owns 21,610 shares of the enterprise software provider’s stock valued at $3,671,000 after acquiring an additional 5,663 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of 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 position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several analysts have recently weighed in on ORCL shares. Bank of America decreased their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Stifel Nicolaus lowered their price target on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. JMP Securities reissued a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Cantor Fitzgerald decreased their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $178.65.

Oracle Trading Up 2.8 %

ORCL opened at $145.96 on Thursday. The firm has a 50 day simple moving average of $162.14 and a 200 day simple moving average of $169.85. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The company has a market cap of $408.24 billion, a price-to-earnings ratio of 35.69, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. The business’s revenue was up 6.4% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.37%. The ex-dividend date is Thursday, April 10th. Oracle’s payout ratio is presently 46.95%.

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.