Moss Adams Wealth Advisors LLC Buys 566 Shares of Oracle Co. (NYSE:ORCL)

Moss Adams Wealth Advisors LLC raised its stake in Oracle Co. (NYSE:ORCL) by 17.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,847 shares of the enterprise software provider’s stock after purchasing an additional 566 shares during the period. Moss Adams Wealth Advisors LLC’s holdings in Oracle were worth $406,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Orion Capital Management LLC bought a new position in Oracle during the third quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in 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 acquiring an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new position in Oracle during the third quarter worth $27,000. Cornerstone Planning Group LLC lifted its holdings in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after acquiring an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. boosted its stake 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 valued at $39,000 after purchasing an additional 216 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities research analysts recently issued reports on ORCL shares. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. 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 report on Wednesday, March 13th. BMO Capital Markets boosted their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, KeyCorp initiated coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Buying and Selling at Oracle

In other news, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares in the company, valued at $10,299,071.02. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Insiders have sold a total of 880,000 shares of company stock valued at $110,488,150 in the last three months. 42.80% of the stock is currently owned by company insiders.

Oracle Stock Performance

NYSE:ORCL traded down $0.54 on Wednesday, hitting $117.39. The company’s stock had a trading volume of 4,635,195 shares, compared to its average volume of 8,200,177. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a one year low of $96.10 and a one year high of $132.77. The stock has a fifty day moving average of $120.19 and a two-hundred day moving average of $113.57. The firm has a market capitalization of $322.65 billion, a P/E ratio of 30.97, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

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.