39,954 Shares in Oracle Co. (NYSE:ORCL) Acquired by Lifelong Wealth Advisors Inc.

Lifelong Wealth Advisors Inc. purchased a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm purchased 39,954 shares of the enterprise software provider's stock, valued at approximately $6,658,000. Oracle comprises about 3.0% of Lifelong Wealth Advisors Inc.'s holdings, making the stock its 4th biggest holding.

Several other institutional investors and hedge funds have also bought and sold shares of ORCL. Principal Financial Group Inc. increased its holdings in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. grew its position in Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $266,000 after buying an additional 1,069 shares during the period. RMR Wealth Builders increased its holdings in Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock valued at $1,192,000 after buying an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC raised its position in shares of Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock worth $27,428,000 after acquiring an additional 32,718 shares during the period. Finally, Crews Bank & Trust purchased a new stake in shares of Oracle during the 4th quarter worth about $1,800,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of equities analysts recently weighed in on the company. Barclays reduced their price target on Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price target on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Stephens assumed coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective for the company. Morgan Stanley dropped their target price on shares of Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Wednesday. Finally, Evercore ISI reduced their price target on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a research report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus price target of $176.73.

Oracle Trading Down 0.9 %

Shares of ORCL traded down $1.20 during midday trading on Friday, hitting $128.56. 8,919,409 shares of the stock were exchanged, compared to its average volume of 9,324,546. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $359.58 billion, a P/E ratio of 31.43, a P/E/G ratio of 3.46 and a beta of 1.22. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31. The stock has a fifty day simple moving average of $150.85 and a 200 day simple moving average of $166.33.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate 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 during the quarter, compared to analyst estimates of $14.40 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. The business's revenue was up 6.4% compared to the same quarter last year. On average, research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal 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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.56%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is currently 46.95%.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the company'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 owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 2,453,328 shares of company stock worth $454,439,851. Corporate insiders own 42.20% of the company's stock.

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.