Aviso Wealth Management Buys 833 Shares of Oracle Co. (NYSE:ORCL)

Aviso Wealth Management increased its stake in Oracle Co. (NYSE:ORCL) by 23.7% in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 4,355 shares of the enterprise software provider’s stock after buying an additional 833 shares during the quarter. Aviso Wealth Management’s holdings in Oracle were worth $726,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently bought and sold shares of ORCL. Howard Capital Management Group LLC grew its stake 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 worth $1,366,000 after acquiring an additional 883 shares in the last quarter. Principal Financial Group Inc. raised its stake in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares in the last quarter. United Bank boosted its position in Oracle by 4.8% during the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock valued at $1,948,000 after acquiring an additional 519 shares in the last quarter. Larson Financial Group LLC raised its position in shares of Oracle by 66.3% in the 3rd quarter. Larson Financial Group LLC now owns 4,835 shares of the enterprise software provider’s stock worth $824,000 after acquiring an additional 1,928 shares in the last quarter. Finally, Bank of Hawaii purchased a new stake in shares of Oracle during the 3rd quarter worth $200,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 0.8 %

Oracle stock opened at $153.59 on Wednesday. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The stock has a market cap of $429.58 billion, a PE ratio of 37.55, a P/E/G ratio of 3.46 and a beta of 1.07. 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 stock’s fifty day moving average is $164.84 and its two-hundred day moving average is $170.44.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the previous year, the business posted $1.41 EPS. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. On average, sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. 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%. Oracle’s payout ratio is 46.95%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have commented on ORCL shares. Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. KeyCorp reaffirmed an “overweight” rating and set a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Guggenheim restated a “buy” rating and issued a $220.00 price objective on shares of Oracle in a research report on Wednesday, March 5th. Finally, Cantor Fitzgerald decreased their target price on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $179.20.

Oracle Company 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.