Centricity Wealth Management LLC Takes Position in Oracle Co. (NYSE:ORCL)

Centricity Wealth Management LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 3,197 shares of the enterprise software provider's stock, valued at approximately $533,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in shares of Oracle during the fourth quarter worth approximately $25,000. Winch Advisory Services LLC raised its position in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares during the last quarter. TFC Financial Management Inc. lifted its holdings in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares in the last quarter. Reston Wealth Management LLC bought a new position in Oracle in the 3rd quarter valued at $44,000. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Down 4.6 %

Shares of NYSE:ORCL traded down $8.08 during mid-day trading on Friday, reaching $167.92. 9,693,812 shares of the stock were exchanged, compared to its average volume of 12,127,484. The company has a market cap of $469.66 billion, a P/E ratio of 41.06, a P/E/G ratio of 3.57 and a beta of 1.05. The stock's 50 day simple moving average is $169.10 and its 200-day simple moving average is $166.74. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a one year low of $109.66 and a one year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 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 8.6% on a year-over-year basis. During the same quarter last year, the business earned $1.34 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle's dividend payout ratio is 39.12%.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred 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 sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ORCL has been the topic of several recent research reports. Guggenheim raised their price target on Oracle from $200.00 to $220.00 and gave the company a "buy" rating in a report on Thursday, December 5th. Jefferies Financial Group raised their target price on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research note on Thursday, December 5th. Cantor Fitzgerald started coverage on shares of Oracle in a research note on Friday, January 17th. They set an "overweight" rating and a $214.00 price target for the company. Morgan Stanley increased their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a report on Tuesday, December 10th. Finally, Evercore ISI lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $182.73.

About Oracle

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.