Keudell Morrison Wealth Management Acquires 104 Shares of Oracle Co. (NYSE:ORCL)

Keudell Morrison Wealth Management increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.9% during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 11,432 shares of the enterprise software provider’s stock after acquiring an additional 104 shares during the period. Keudell Morrison Wealth Management’s holdings in Oracle were worth $1,905,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. Advisory Alpha LLC bought a new stake in Oracle in the second quarter valued at $255,000. Newbridge Financial Services Group Inc. increased its position in shares of Oracle by 5.8% during the 2nd quarter. Newbridge Financial Services Group Inc. now owns 1,927 shares of the enterprise software provider’s stock worth $272,000 after purchasing an additional 105 shares in the last quarter. Centaurus Financial Inc. grew its stake in Oracle by 47.0% during the second quarter. Centaurus Financial Inc. now owns 27,955 shares of the enterprise software provider’s stock worth $3,947,000 after buying an additional 8,939 shares during the last quarter. Mattson Financial Services LLC bought a new stake in Oracle during the 2nd quarter worth approximately $1,403,000. Finally, Trust Co. of Toledo NA OH raised its position in Oracle by 0.7% in the 3rd quarter. Trust Co. of Toledo NA OH now owns 111,943 shares of the enterprise software provider’s stock valued at $19,075,000 after purchasing an additional 733 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

NYSE:ORCL opened at $170.41 on Friday. The stock’s 50-day simple moving average is $172.34 and its 200 day simple moving average is $163.08. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. 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 company has a market cap of $476.62 billion, a P/E ratio of 41.66, a P/E/G ratio of 3.19 and a beta of 1.06.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Oracle’s payout ratio is 39.12%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ORCL. UBS Group lifted their price target on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Guggenheim increased their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. JMP Securities reissued a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. Finally, Mizuho upped their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Insider Activity at Oracle

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

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.