4,139 Shares in Oracle Co. (NYSE:ORCL) Bought by Morey & Quinn Wealth Partners LLC

Morey & Quinn Wealth Partners LLC bought a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 4,139 shares of the enterprise software provider’s stock, valued at approximately $690,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the stock. Raymond James Financial Inc. bought a new stake in shares of Oracle in the fourth quarter worth about $930,095,000. Vanguard Group Inc. increased its stake in Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. Polen Capital Management LLC raised its holdings in Oracle by 22.3% during 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 buying an additional 1,955,764 shares during the period. Franklin Resources Inc. lifted its stake in Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after buying an additional 1,917,416 shares in the last quarter. Finally, State Street Corp increased its position in shares of Oracle by 2.7% during the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Company insiders own 42.20% of the company’s stock.

Oracle Price Performance

Oracle stock opened at $153.59 on Wednesday. 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 $112.78 and a 12 month high of $198.31. The stock’s 50 day moving average is $164.84 and its 200-day moving average is $170.44. 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.

Oracle (NYSE:ORCL) last announced its quarterly 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 net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same period last year, the firm posted $1.41 earnings per share. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

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

Wall Street Analyst Weigh In

A number of equities analysts recently weighed in on the stock. Morgan Stanley reduced their target price on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating for the company in a research note on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price objective on Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. KeyCorp restated an “overweight” rating and issued a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Jefferies Financial Group raised their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, Cantor Fitzgerald cut their price objective on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Thirteen equities 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.com, the stock presently has an average 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.