592 Shares in Oracle Co. (NYSE:ORCL) Acquired by Flagship Wealth Advisors LLC

Flagship Wealth Advisors LLC purchased a new position in Oracle Co. (NYSE:ORCL) during the fourth quarter, Holdings Channel reports. The institutional investor purchased 592 shares of the enterprise software provider’s stock, valued at approximately $99,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Raymond James Financial Inc. acquired a new position in shares of Oracle in the 4th quarter worth approximately $930,095,000. Polen Capital Management LLC lifted its position in shares of Oracle by 22.3% in the 4th quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock worth $1,787,003,000 after purchasing an additional 1,955,764 shares during the period. Franklin Resources Inc. lifted its position in shares of Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after purchasing an additional 1,917,416 shares during the period. State Street Corp lifted its position in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares during the period. Finally, Amundi lifted its position in shares of Oracle by 15.2% in the 4th quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock worth $2,012,943,000 after purchasing an additional 1,623,609 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $154.01 on Tuesday. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm has a market cap of $430.76 billion, a price-to-earnings ratio of 37.66, a PEG ratio of 3.46 and a beta of 1.07. The company has a fifty day moving average price of $165.57 and a 200-day moving average price of $169.95.

Oracle (NYSE:ORCL) last posted its 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 firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the company earned $1.41 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Oracle Co. will post 5 EPS for the current fiscal 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 issued a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, April 10th. Oracle’s payout ratio is 46.95%.

Analysts Set New Price Targets

Several research firms have recently weighed in on ORCL. JPMorgan Chase & Co. lowered their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. Stifel Nicolaus lowered their price objective on shares of Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a research note on Tuesday, March 11th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, KeyCorp reiterated an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Twelve research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average target price of $179.71.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by 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.