Centerline Wealth Advisors LLC Takes $295,000 Position in Oracle Co. (NYSE:ORCL)

Centerline Wealth Advisors LLC acquired a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor acquired 1,773 shares of the enterprise software provider’s stock, valued at approximately $295,000. Oracle makes up approximately 0.2% of Centerline Wealth Advisors LLC’s holdings, making the stock its 29th biggest position.

A number of other hedge funds also recently made changes to their positions in ORCL. SMART Wealth LLC boosted its stake in shares of Oracle by 90.3% in the 4th quarter. SMART Wealth LLC now owns 8,774 shares of the enterprise software provider’s stock valued at $1,462,000 after purchasing an additional 4,163 shares in the last quarter. Fairvoy Private Wealth LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $710,000. Sumitomo Mitsui DS Asset Management Company Ltd boosted its stake in shares of Oracle by 19.5% in the 4th quarter. Sumitomo Mitsui DS Asset Management Company Ltd now owns 265,256 shares of the enterprise software provider’s stock valued at $44,202,000 after purchasing an additional 43,272 shares in the last quarter. Sumitomo Mitsui Trust Group Inc. boosted its stake in shares of Oracle by 18.8% in the 4th quarter. Sumitomo Mitsui Trust Group Inc. now owns 4,408,839 shares of the enterprise software provider’s stock valued at $734,689,000 after purchasing an additional 698,933 shares in the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. boosted its stake in shares of Oracle by 555,473.6% in the 4th quarter. Migdal Insurance & Financial Holdings Ltd. now owns 400,013 shares of the enterprise software provider’s stock valued at $66,658,000 after purchasing an additional 399,941 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated 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 directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Stock Up 0.5 %

NYSE:ORCL opened at $172.53 on Friday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $482.56 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 3.35 and a beta of 1.05. The stock has a 50-day moving average price of $170.83 and a two-hundred day moving average price of $164.05.

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

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is 39.12%.

Analyst Upgrades and Downgrades

Several equities research analysts have recently commented on the stock. JMP Securities restated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. KeyCorp upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Evercore ISI upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. BMO Capital Markets upped their price target on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Finally, Mizuho upped their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.