Core Wealth Partners LLC Acquires 608 Shares of Oracle Co. (NYSE:ORCL)

Core Wealth Partners LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 11.2% during the fourth quarter, HoldingsChannel.com reports. The fund owned 6,056 shares of the enterprise software provider’s stock after purchasing an additional 608 shares during the period. Core Wealth Partners LLC’s holdings in Oracle were worth $1,009,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC increased its position in Oracle by 12.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after acquiring an additional 883 shares in the last quarter. Principal Financial Group Inc. boosted its position in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the last quarter. United Bank grew its position in shares of Oracle by 4.8% during the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock worth $1,948,000 after buying an additional 519 shares during the period. Larson Financial Group LLC grew its holdings in Oracle by 66.3% during the third quarter. Larson Financial Group LLC now owns 4,835 shares of the enterprise software provider’s stock valued at $824,000 after purchasing an additional 1,928 shares during the period. Finally, Bank of Hawaii bought a new stake in shares of Oracle in the 3rd quarter valued at $200,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ORCL. Guggenheim reissued a “buy” rating and set a $220.00 target price on shares of Oracle in a research note on Wednesday, March 5th. Mizuho increased their price objective 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. DA Davidson reaffirmed a “neutral” rating and issued a $150.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Jefferies Financial Group lifted their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Finally, StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $179.20.

Oracle Stock Performance

Shares of ORCL stock opened at $153.59 on Wednesday. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The company has a market capitalization of $429.58 billion, a price-to-earnings ratio of 37.55, a PEG ratio of 3.46 and a beta of 1.07. The company has a 50-day simple moving average of $164.84 and a 200 day simple moving average of $170.44. 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 posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the previous year, the company posted $1.41 EPS. On average, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Insider Activity

In related news, CEO Safra Catz sold 345,174 shares of the business’s 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 completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. 42.20% of the stock is currently owned by company insiders.

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.