Live Oak Private Wealth LLC Has $8.67 Million Stake in Oracle Co. (NYSE:ORCL)

Live Oak Private Wealth LLC reduced its position in shares of Oracle Co. (NYSE:ORCL) by 1.9% during the 4th quarter, Holdings Channel.com reports. The firm owned 52,043 shares of the enterprise software provider’s stock after selling 1,023 shares during the period. Oracle accounts for 1.5% of Live Oak Private Wealth LLC’s investment portfolio, making the stock its 21st biggest position. Live Oak Private Wealth LLC’s holdings in Oracle were worth $8,672,000 at the end of the most recent quarter.

Other hedge funds also recently modified their holdings of the company. SMART Wealth LLC grew its position in Oracle by 90.3% during the fourth quarter. SMART Wealth LLC now owns 8,774 shares of the enterprise software provider’s stock valued at $1,462,000 after purchasing an additional 4,163 shares in the last quarter. Fairvoy Private Wealth LLC acquired a new stake in shares of Oracle during the 4th quarter valued at $710,000. Sumitomo Mitsui DS Asset Management Company Ltd grew its holdings in shares of Oracle by 19.5% during the 4th 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 in the last quarter. Sumitomo Mitsui Trust Group Inc. increased its stake in shares of 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 worth $734,689,000 after acquiring an additional 698,933 shares during the last quarter. Finally, Migdal Insurance & Financial Holdings Ltd. grew its stake 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 valued at $66,658,000 after purchasing an additional 399,941 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on the stock. Evercore ISI raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Jefferies Financial Group lifted their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Mizuho increased their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, UBS Group upped their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Price Performance

Shares of ORCL stock opened at $172.53 on Friday. The company has a market capitalization of $482.56 billion, a P/E ratio of 42.18, a P/E/G ratio of 3.35 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock has a 50 day moving average of $170.83 and a two-hundred day moving average of $164.05.

Oracle (NYSE:ORCL) last announced its quarterly 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 net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period last year, the firm earned $1.34 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The business 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 was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s payout ratio is presently 39.12%.

Insider Buying and Selling

In other Oracle 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 transaction, the chief executive officer now directly 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is owned by corporate 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.