Vestia Personal Wealth Advisors Purchases New Holdings in Oracle Co. (NYSE:ORCL)

Vestia Personal Wealth Advisors acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund acquired 1,201 shares of the enterprise software provider’s stock, valued at approximately $200,000.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Choreo LLC raised its holdings in Oracle by 5.9% in the 4th quarter. Choreo LLC now owns 100,669 shares of the enterprise software provider’s stock worth $16,789,000 after acquiring an additional 5,598 shares during the last quarter. Tectonic Advisors LLC increased its holdings in shares of Oracle by 8.8% in the 4th quarter. Tectonic Advisors LLC now owns 20,106 shares of the enterprise software provider’s stock worth $3,350,000 after purchasing an additional 1,620 shares in the last quarter. Country Club Bank raised its stake in shares of Oracle by 2.4% in the fourth quarter. Country Club Bank now owns 44,032 shares of the enterprise software provider’s stock worth $7,349,000 after purchasing an additional 1,018 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. lifted its holdings in shares of Oracle by 9.7% during the fourth quarter. Mirae Asset Global Investments Co. Ltd. now owns 348,085 shares of the enterprise software provider’s stock valued at $58,351,000 after purchasing an additional 30,902 shares in the last quarter. Finally, Jackson Wealth Management LLC purchased a new stake in shares of Oracle during the fourth quarter valued at $1,446,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on the stock. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Saturday. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. BMO Capital Markets upped their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Finally, Citigroup raised their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. 42.20% of the stock is currently owned by company insiders.

Oracle Price Performance

Shares of Oracle stock opened at $167.98 on Wednesday. The firm has a market cap of $469.83 billion, a PE ratio of 41.07, a PEG ratio of 3.35 and a beta of 1.05. The stock has a 50 day moving average of $171.05 and a 200 day moving average of $164.00. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same period last year, the business posted $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 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.