Petros Family Wealth LLC Invests $499,000 in Oracle Co. (NYSE:ORCL)

Petros Family Wealth LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 2,997 shares of the enterprise software provider's stock, valued at approximately $499,000.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Principal Financial Group Inc. boosted its position in Oracle by 5.3% in 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 buying an additional 121,874 shares during the last quarter. McClarren Financial Advisors Inc. increased its holdings in Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock worth $266,000 after purchasing an additional 1,069 shares during the last quarter. RMR Wealth Builders raised its position in shares of Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock valued at $1,192,000 after purchasing an additional 5,675 shares in the last quarter. Foundations Investment Advisors LLC boosted its stake in shares of Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock valued at $27,428,000 after buying an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in shares of Oracle during the fourth quarter worth approximately $1,800,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Remove Ads

Oracle Stock Performance

Shares of NYSE:ORCL traded up $1.98 during trading on Monday, reaching $134.33. The stock had a trading volume of 8,208,279 shares, compared to its average volume of 9,276,263. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a fifty day simple moving average of $155.25 and a two-hundred day simple moving average of $167.63. The firm has a market capitalization of $375.72 billion, a price-to-earnings ratio of 32.84, 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.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's revenue was up 6.4% on a year-over-year basis. During the same quarter last year, the company earned $1.41 earnings per share. As a group, 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 will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.49%. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is 46.95%.

Analyst Ratings Changes

Several research analysts have weighed in on ORCL shares. Citigroup decreased their price objective on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. JPMorgan Chase & Co. lowered their price objective on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. JMP Securities reaffirmed a "market outperform" rating and set a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. Barclays lowered 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. Finally, Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $178.27.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the business's stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction on 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 directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,448,328 shares of company stock worth $453,791,001 in the last ninety days. 42.20% of the stock is currently owned by insiders.

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.