Sagespring Wealth Partners LLC Purchases New Stake in Oracle Co. (NYSE:ORCL)

Sagespring Wealth Partners LLC bought a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to its most recent 13F filing with the SEC. The fund bought 14,740 shares of the enterprise software provider's stock, valued at approximately $2,456,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Norges Bank acquired a new position in shares of Oracle during the fourth quarter valued at about $2,216,314,000. Raymond James Financial Inc. acquired a new position in Oracle during the 4th quarter valued at approximately $930,095,000. Vanguard Group Inc. increased its stake in Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares in the last quarter. Polen Capital Management LLC raised its holdings in shares of Oracle by 22.3% in the fourth quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider's stock worth $1,787,003,000 after buying an additional 1,955,764 shares during the last quarter. Finally, Franklin Resources Inc. lifted its stake in shares of Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider's stock worth $3,370,640,000 after buying an additional 1,917,416 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

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

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Oracle Price Performance

NYSE ORCL traded up $1.98 during trading hours on Monday, hitting $134.33. 8,208,279 shares of the company's stock traded hands, compared to its average volume of 9,276,268. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm's 50-day moving average is $154.50 and its 200-day moving average is $167.39. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31. The company has a market capitalization of $375.72 billion, a PE ratio of 32.84, a PEG ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS 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 company 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 business posted $1.41 EPS. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. Equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed 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. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.49%. The ex-dividend date is Thursday, April 10th. Oracle's dividend payout ratio (DPR) is presently 46.95%.

Wall Street Analysts Forecast Growth

A number of brokerages recently issued reports on ORCL. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research note on Monday, March 3rd. Stephens assumed coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price for the company. StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price target on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Finally, Bank of America dropped their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $178.27.

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.