Opes Wealth Management LLC Increases Position in Oracle Co. (NYSE:ORCL)

Opes Wealth Management LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 22.1% during the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,397 shares of the enterprise software provider’s stock after acquiring an additional 434 shares during the quarter. Opes Wealth Management LLC’s holdings in Oracle were worth $399,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Activest Wealth Management grew its holdings in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after acquiring an additional 56 shares during the period. Second Line Capital LLC grew its holdings in Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares during the period. Cadence Bank grew its holdings in Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after acquiring an additional 59 shares during the period. Requisite Capital Management LLC grew its holdings in Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after acquiring an additional 60 shares during the period. Finally, McLean Asset Management Corp grew its holdings in Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock worth $908,000 after acquiring an additional 61 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 0.2 %

Shares of ORCL opened at $173.50 on Friday. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The firm has a market cap of $485.27 billion, a P/E ratio of 42.42, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. The firm’s 50-day simple moving average is $169.33 and its 200 day simple moving average is $165.59. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS 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 company had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the company posted $1.34 EPS. The firm’s quarterly revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s payout ratio is presently 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of analyst reports. UBS Group lifted their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Morgan Stanley boosted their price target on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. Cantor Fitzgerald started coverage on shares of Oracle in a report on Friday, January 17th. They issued an “overweight” rating and a $214.00 price target for the company. KeyCorp boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. Finally, Jefferies Financial Group boosted their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. 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 stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $182.73.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 42.20% of the company’s stock.

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.