Westwood Wealth Management Buys New Stake in Oracle Co. (NYSE:ORCL)

Westwood Wealth Management purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor purchased 5,400 shares of the enterprise software provider’s stock, valued at approximately $900,000. Oracle makes up about 0.3% of Westwood Wealth Management’s investment portfolio, making the stock its 28th biggest position.

Several other institutional investors have also bought and sold shares of ORCL. Second Line Capital LLC raised its position in shares of Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after purchasing an additional 58 shares during the last quarter. Requisite Capital Management LLC raised its holdings in shares of Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after acquiring an additional 60 shares during the last quarter. Cookson Peirce & Co. Inc. boosted its stake in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares during the last quarter. McLean Asset Management Corp increased its position in shares of Oracle by 1.1% during the fourth quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock worth $908,000 after purchasing an additional 61 shares in the last quarter. Finally, Warther Private Wealth LLC raised its stake in Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock valued at $603,000 after purchasing an additional 63 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 6.6 %

NYSE ORCL opened at $128.17 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. The firm has a market cap of $358.48 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 3.46 and a beta of 1.22. The firm has a 50 day simple moving average of $160.05 and a 200-day simple moving average of $169.34. Oracle Co. has a one year low of $112.78 and a one year high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly 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). The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the firm earned $1.41 EPS. Equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. JPMorgan Chase & Co. dropped their target price on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Stephens initiated coverage on Oracle in a report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 target price on the stock. Mizuho increased their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, KeyCorp reissued an “overweight” rating and set a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $178.65.

Insider Transactions at Oracle

In related 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 transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,448,328 shares of company stock valued at $453,791,001. 42.20% of the stock is currently owned by corporate insiders.

About Oracle

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.