Heritage Wealth Management Inc. CA Has $594,000 Holdings in Oracle Co. (NYSE:ORCL)

Heritage Wealth Management Inc. CA increased its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 887.3% during the 4th quarter, according to its most recent filing with the SEC. The institutional investor owned 3,564 shares of the enterprise software provider's stock after acquiring an additional 3,203 shares during the period. Heritage Wealth Management Inc. CA's holdings in Oracle were worth $594,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. increased its position in shares of Oracle by 1.5% in 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 during the last quarter. State Street Corp lifted its position in shares of Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock worth $12,003,241,000 after buying an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC boosted its holdings in shares of Oracle by 2.6% in the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider's stock valued at $5,977,015,000 after buying an additional 885,041 shares during the period. Franklin Resources Inc. grew its position in shares of Oracle by 11.6% during the 3rd 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 during the last quarter. Finally, Fisher Asset Management LLC raised its stake in Oracle by 0.5% during the fourth quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider's stock worth $2,998,798,000 after acquiring an additional 97,635 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

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Oracle Stock Performance

Shares of Oracle stock traded down $4.30 during trading on Friday, reaching $141.49. The company's stock had a trading volume of 3,651,084 shares, compared to its average volume of 8,522,672. The business's fifty day moving average price is $164.35 and its 200-day moving average price is $170.11. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The firm has a market cap of $395.73 billion, a price-to-earnings ratio of 34.52, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the firm earned $1.41 earnings per share. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.41%. Oracle's payout ratio is presently 46.95%.

Insider Activity

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 shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 42.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent research reports. Stephens started coverage on shares of Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective on the stock. Barclays cut their price target on Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock 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 report on Tuesday, March 11th. Morgan Stanley reduced their price target on Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a research report on Tuesday, March 11th. Finally, DA Davidson reissued a "neutral" rating and issued a $150.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Thirteen 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. Based on data from MarketBeat.com, the company 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.