Gerber Kawasaki Wealth & Investment Management Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Gerber Kawasaki Wealth & Investment Management grew its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 22.3% during the fourth quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 55,727 shares of the enterprise software provider's stock after buying an additional 10,151 shares during the quarter. Gerber Kawasaki Wealth & Investment Management's holdings in Oracle were worth $9,286,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Rinkey Investments raised its holdings in shares of Oracle by 115.9% during the fourth quarter. Rinkey Investments now owns 4,872 shares of the enterprise software provider's stock valued at $812,000 after purchasing an additional 2,615 shares during the last quarter. Prosperity Consulting Group LLC lifted its holdings in shares of Oracle by 14.1% during the 4th quarter. Prosperity Consulting Group LLC now owns 7,285 shares of the enterprise software provider's stock valued at $1,214,000 after buying an additional 898 shares during the period. Virtus ETF Advisers LLC boosted its stake in shares of Oracle by 4.7% in the 4th quarter. Virtus ETF Advisers LLC now owns 6,668 shares of the enterprise software provider's stock worth $1,111,000 after buying an additional 299 shares during the last quarter. Gilder Gagnon Howe & Co. LLC grew its holdings in shares of Oracle by 193.3% in the fourth quarter. Gilder Gagnon Howe & Co. LLC now owns 82,558 shares of the enterprise software provider's stock worth $13,757,000 after acquiring an additional 54,411 shares during the period. Finally, Coldstream Capital Management Inc. increased its position in Oracle by 0.4% during the fourth quarter. Coldstream Capital Management Inc. now owns 71,281 shares of the enterprise software provider's stock valued at $11,878,000 after acquiring an additional 299 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Stock Up 0.7 %

NYSE ORCL traded up $0.99 during trading on Friday, reaching $138.50. 5,471,756 shares of the company's stock traded hands, compared to its average volume of 9,373,581. The company's 50 day simple moving average is $146.54 and its two-hundred day simple moving average is $164.85. Oracle Co. has a 12-month low of $113.65 and a 12-month high of $198.31. The firm has a market cap of $387.38 billion, a price-to-earnings ratio of 33.86, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. 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 (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm earned $1.41 EPS. As a group, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.44%. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Insider Buying and Selling at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities research analysts have issued reports on the company. BMO Capital Markets cut their price target on Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research note on Tuesday, March 11th. Westpark Capital assumed coverage on shares of Oracle in a research report on Tuesday, April 1st. They set a "buy" rating and a $195.00 target price for the company. Cantor Fitzgerald decreased their price target 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. Barclays decreased 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. Finally, Bank of America cut their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. Based on data from MarketBeat, the company has a consensus rating of "Moderate Buy" and an average price target of $174.42.

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.