IAG Wealth Partners LLC Acquires 267 Shares of Oracle Co. (NYSE:ORCL)

IAG Wealth Partners LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 9.7% in the fourth quarter, Holdings Channel reports. The firm owned 3,021 shares of the enterprise software provider’s stock after purchasing an additional 267 shares during the period. IAG Wealth Partners LLC’s holdings in Oracle were worth $503,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors have also recently made changes to their positions in ORCL. R Squared Ltd purchased a new position in shares of Oracle during the 4th quarter valued at $25,000. Winch Advisory Services LLC lifted its position in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the last quarter. Synergy Investment Management LLC purchased a new position in shares of Oracle during the 4th quarter valued at $34,000. TFC Financial Management Inc. lifted its position in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle during the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. Evercore ISI dropped their price target on Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Stifel Nicolaus dropped their price objective on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday. BMO Capital Markets dropped their price objective on Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a report on Tuesday. Finally, Barclays dropped their price objective on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday. Thirteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $176.85.

Insider Buying and Selling

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

ORCL opened at $151.17 on Thursday. The stock’s 50 day simple moving average is $166.51 and its 200 day simple moving average is $169.49. 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 Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The firm has a market cap of $422.81 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the business earned $1.41 earnings per share. Oracle’s revenue was up 6.4% compared to the same quarter last year. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.32%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 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.