Oracle Co. (NYSE:ORCL) Shares Bought by Quent Capital LLC

Quent Capital LLC grew its position in Oracle Co. (NYSE:ORCL) by 1.2% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 13,589 shares of the enterprise software provider’s stock after acquiring an additional 158 shares during the period. Quent Capital LLC’s holdings in Oracle were worth $2,264,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the company. Wealth Group Ltd. purchased a new position in Oracle during the third quarter valued at $222,000. Exchange Traded Concepts LLC raised its position in shares of Oracle by 157.0% during the 3rd quarter. Exchange Traded Concepts LLC now owns 4,587 shares of the enterprise software provider’s stock worth $782,000 after purchasing an additional 2,802 shares during the last quarter. Wesbanco Bank Inc. lifted its stake in Oracle by 7.5% in the 3rd quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock valued at $21,491,000 after buying an additional 8,790 shares in the last quarter. Creative Planning boosted its holdings in Oracle by 4.1% in the 3rd quarter. Creative Planning now owns 774,912 shares of the enterprise software provider’s stock worth $132,045,000 after buying an additional 30,341 shares during the last quarter. Finally, GenWealth Group Inc. purchased a new stake in Oracle during the 3rd quarter worth approximately $202,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. 42.20% of the stock is owned by corporate insiders.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. BMO Capital Markets raised their target price on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald began coverage on Oracle in a report on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective on the stock. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. JMP Securities reissued a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Guggenheim boosted their price target on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Down 1.0 %

Shares of ORCL stock opened at $177.18 on Wednesday. The company has a 50-day moving average of $170.37 and a two-hundred day moving average of $164.97. The firm has a market cap of $495.56 billion, a PE ratio of 43.32, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the business posted $1.34 EPS. On average, analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. Oracle’s dividend payout ratio is presently 39.12%.

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.