Oracle Co. (NYSE:ORCL) Holdings Increased by Avidian Wealth Solutions LLC

Avidian Wealth Solutions LLC increased its stake in Oracle Co. (NYSE:ORCL) by 1.1% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,516 shares of the enterprise software provider’s stock after acquiring an additional 90 shares during the period. Avidian Wealth Solutions LLC’s holdings in Oracle were worth $898,000 at the end of the most recent reporting period.

A number of other hedge funds have also made changes to their positions in the stock. Orion Capital Management LLC bought a new stake in shares of Oracle in the 3rd quarter worth approximately $25,000. Ritter Daniher Financial Advisory LLC DE increased its holdings in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC boosted its stake in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after acquiring an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. grew its holdings in shares of Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 216 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The disclosure for this sale can be found here. Insiders own 42.80% of the company’s stock.

Oracle Price Performance

ORCL traded up $0.84 during midday trading on Friday, hitting $115.80. The company had a trading volume of 4,484,976 shares, compared to its average volume of 6,128,065. Oracle Co. has a twelve month low of $94.41 and a twelve month high of $132.77. The firm’s 50-day simple moving average is $119.91 and its 200-day simple moving average is $113.38. The company has a market capitalization of $318.28 billion, a PE ratio of 30.55, a P/E/G ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. Oracle’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the company posted $0.96 EPS. Equities research analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. Oppenheimer began coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. HSBC boosted their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. The Goldman Sachs Group raised their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. Finally, Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $130.76.

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.