Signature Estate & Investment Advisors LLC Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Signature Estate & Investment Advisors LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.6% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 5,329 shares of the enterprise software provider’s stock after buying an additional 83 shares during the period. Signature Estate & Investment Advisors LLC’s holdings in Oracle were worth $888,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. R Squared Ltd acquired a new position in shares of Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC lifted its position in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the last quarter. Synergy Investment Management LLC acquired a new position in Oracle in the fourth quarter valued at $34,000. TFC Financial Management Inc. grew its holdings in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth about $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. Evercore ISI lowered their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a research report on Tuesday, March 11th. Jefferies Financial Group increased their target price 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. UBS Group restated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Finally, Barclays dropped their target price on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $179.20.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Oracle Stock Down 0.8 %

ORCL stock opened at $153.59 on Wednesday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The firm has a market capitalization 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’s 50 day simple moving average is $164.84 and its 200-day simple 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). The company had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 earnings per share. Equities analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a $0.50 dividend. 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. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is currently 46.95%.

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.