Integrated Wealth Concepts LLC Boosts Stock Holdings in Oracle Co. (NYSE:ORCL)

Integrated Wealth Concepts LLC lifted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 7.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 64,065 shares of the enterprise software provider's stock after purchasing an additional 4,550 shares during the quarter. Integrated Wealth Concepts LLC's holdings in Oracle were worth $10,676,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds also recently bought and sold shares of ORCL. R Squared Ltd purchased a new position in shares of Oracle during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC raised its stake in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after buying an additional 87 shares during the last quarter. Hurley Capital LLC bought a new position in shares of Oracle during the 4th quarter valued at $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle during the 4th quarter valued at $34,000. Finally, TFC Financial Management Inc. boosted its stake in shares of Oracle by 129.0% in 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 during the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Trading Up 0.7 %

Shares of NYSE ORCL traded up $0.99 during trading hours on Friday, hitting $138.50. 5,471,756 shares of the company traded hands, compared to its average volume of 9,373,581. The stock has a market capitalization 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's 50 day moving average price is $146.54 and its 200 day moving average price is $164.93. Oracle Co. has a 12 month low of $113.65 and a 12 month high of $198.31. 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 (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the firm earned $1.41 EPS. The company's revenue was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

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

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction that occurred on 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 directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93 % decrease in their position. The disclosure for this sale can be found here. Insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ORCL shares. Stifel Nicolaus dropped their target price on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. StockNews.com lowered shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Piper Sandler reiterated a "neutral" rating and issued a $130.00 price target (down from $190.00) on shares of Oracle in a research report on Wednesday. Bank of America reduced their price objective on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Finally, BMO Capital Markets lowered their target price on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $174.42.

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.