Brio Consultants LLC Raises Holdings in Oracle Co. (NYSE:ORCL)

Brio Consultants LLC increased its position in Oracle Co. (NYSE:ORCL) by 3.8% in the 4th quarter, according to its most recent filing with the SEC. The fund owned 3,318 shares of the enterprise software provider’s stock after purchasing an additional 123 shares during the period. Brio Consultants LLC’s holdings in Oracle were worth $553,000 at the end of the most recent quarter.

A number of other large investors have also recently made changes to their positions in the company. Massmutual Trust Co. FSB ADV grew its position in Oracle by 20.6% during the 3rd quarter. Massmutual Trust Co. FSB ADV now owns 18,513 shares of the enterprise software provider’s stock worth $3,155,000 after purchasing an additional 3,167 shares during the last quarter. Czech National Bank boosted its stake in shares of Oracle by 7.2% during the third 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 period. Canandaigua National Bank & Trust Co. grew its holdings in shares of Oracle by 10.7% during the third quarter. Canandaigua National Bank & Trust Co. now owns 73,812 shares of the enterprise software provider’s stock worth $12,578,000 after buying an additional 7,159 shares during the last quarter. Park Avenue Securities LLC increased its position in Oracle by 2.1% in the 3rd quarter. Park Avenue Securities LLC now owns 23,743 shares of the enterprise software provider’s stock valued at $4,046,000 after acquiring an additional 495 shares during the period. Finally, Capital Market Strategies LLC raised its stake in Oracle by 4.2% during the 3rd quarter. Capital Market Strategies LLC now owns 2,991 shares of the enterprise software provider’s stock valued at $510,000 after acquiring an additional 120 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Down 0.3 %

Shares of NYSE:ORCL opened at $169.91 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $475.24 billion, a P/E ratio of 41.54, a P/E/G ratio of 3.19 and a beta of 1.06. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The stock’s fifty day simple moving average is $171.89 and its 200-day simple moving average is $163.26.

Oracle (NYSE:ORCL) last released 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 analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.34 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders 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 yield of 0.94%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ORCL. Morgan Stanley lifted their target price on Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research note on Tuesday, December 10th. Mizuho boosted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Saturday. BMO Capital Markets boosted their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Finally, Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

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.