SMART Wealth LLC Grows Position in Oracle Co. (NYSE:ORCL)

SMART Wealth LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 90.3% in the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 8,774 shares of the enterprise software provider’s stock after buying an additional 4,163 shares during the quarter. SMART Wealth LLC’s holdings in Oracle were worth $1,462,000 at the end of the most recent quarter.

Several other hedge funds have also recently made changes to their positions in the stock. Fairvoy Private Wealth LLC bought a new position in shares of Oracle during the 4th quarter valued at $710,000. Sumitomo Mitsui DS Asset Management Company Ltd increased its position in Oracle by 19.5% during the fourth 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 acquiring an additional 43,272 shares during the last quarter. Sumitomo Mitsui Trust Group Inc. lifted its holdings in Oracle by 18.8% in the fourth 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 acquiring an additional 698,933 shares during the period. Migdal Insurance & Financial Holdings Ltd. boosted its position in Oracle by 555,473.6% in the fourth quarter. Migdal Insurance & Financial Holdings Ltd. now owns 400,013 shares of the enterprise software provider’s stock worth $66,658,000 after purchasing an additional 399,941 shares during the last quarter. Finally, Tandem Financial LLC bought a new stake in shares of Oracle during the 4th quarter valued at about $414,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

NYSE:ORCL opened at $172.53 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 stock’s fifty day moving average is $170.83 and its 200 day moving average is $164.05. The firm has a market capitalization of $482.56 billion, a PE ratio of 42.18, a PEG ratio of 3.35 and a beta of 1.05. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last released its 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 return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the business posted $1.34 EPS. Oracle’s revenue was up 8.6% compared to the same quarter last year. On average, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current 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 paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent research reports. BMO Capital Markets increased their price objective on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Evercore ISI upped their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. DA Davidson lifted their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley upped their price target on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Company 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.