WorthPointe LLC Acquires 67 Shares of Oracle Co. (NYSE:ORCL)

WorthPointe LLC raised its stake in Oracle Co. (NYSE:ORCL) by 4.0% during the 4th quarter, Holdings Channel.com reports. The firm owned 1,734 shares of the enterprise software provider’s stock after buying an additional 67 shares during the quarter. WorthPointe LLC’s holdings in Oracle were worth $289,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. Raymond James Financial Inc. purchased a new position in shares of Oracle in the 4th quarter worth approximately $930,095,000. Vanguard Group Inc. boosted its stake in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. Polen Capital Management LLC grew its holdings in Oracle by 22.3% in the fourth quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock worth $1,787,003,000 after purchasing an additional 1,955,764 shares during the last quarter. Franklin Resources Inc. increased its position in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares in the last quarter. Finally, State Street Corp lifted its holdings in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on 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 of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Up 1.8 %

ORCL opened at $154.98 on Tuesday. The company has a fifty day moving average of $164.89 and a two-hundred day moving average of $170.36. The stock has a market capitalization of $433.46 billion, a price-to-earnings ratio of 37.89, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. 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 (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 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 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 EPS. On average, research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm 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. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.29%. Oracle’s dividend payout ratio (DPR) is 46.95%.

Analyst Ratings Changes

Several research analysts recently issued reports on the company. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Morgan Stanley dropped their target price on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Barclays cut their price target on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Finally, KeyCorp reissued an “overweight” rating and set a $200.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $179.20.

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.