Fairvoy Private Wealth LLC Takes $710,000 Position in Oracle Co. (NYSE:ORCL)

Fairvoy Private Wealth LLC acquired a new position in Oracle Co. (NYSE:ORCL) during the fourth quarter, Holdings Channel reports. The institutional investor acquired 4,259 shares of the enterprise software provider’s stock, valued at approximately $710,000.

A number of other hedge funds have also recently bought and sold shares of the stock. Brookstone Capital Management lifted its stake in Oracle by 2.3% in the third quarter. Brookstone Capital Management now owns 28,458 shares of the enterprise software provider’s stock valued at $4,849,000 after buying an additional 630 shares during the period. Future Financial Wealth Managment LLC acquired a new position in shares of Oracle in the third quarter valued at about $72,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its stake in Oracle by 76.7% in the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,496 shares of the enterprise software provider’s stock valued at $766,000 after purchasing an additional 1,952 shares in the last quarter. Wedmont Private Capital raised its stake in Oracle by 14.2% during the third quarter. Wedmont Private Capital now owns 89,486 shares of the enterprise software provider’s stock worth $15,210,000 after acquiring an additional 11,119 shares in the last quarter. Finally, Adirondack Trust Co. boosted its stake in shares of Oracle by 0.8% during the third quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider’s stock valued at $1,472,000 after purchasing an additional 67 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of equities research analysts have commented on ORCL shares. Morgan Stanley raised their price target on shares of Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st. Citigroup increased their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report 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 research report on Tuesday, December 10th. Finally, Jefferies Financial Group upped their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One 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 company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred 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 directly owns 1,118,592 shares in the company, 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 SEC, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $172.53 on Friday. The firm has a market capitalization of $482.56 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 3.35 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The stock’s 50 day moving average is $170.83 and its 200-day moving average is $164.05.

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 the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for 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%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 EPS. Sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s dividend payout ratio is currently 39.12%.

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.