Wingate Wealth Advisors Inc. Invests $291,000 in Oracle Co. (NYSE:ORCL)

Wingate Wealth Advisors Inc. purchased a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 1,746 shares of the enterprise software provider's stock, valued at approximately $291,000.

A number of other large investors have also recently made changes to their positions in ORCL. State Street Corp increased its position in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider's stock valued at $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC grew its position in Oracle by 2.6% during the third 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. increased its holdings in Oracle by 11.6% during the third 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. Fisher Asset Management LLC raised its position in Oracle by 1.8% in the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider's stock worth $3,049,824,000 after acquiring an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC boosted its stake in shares of Oracle by 0.4% during the 3rd quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider's stock worth $2,489,345,000 after acquiring an additional 54,868 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Oracle stock traded down $1.74 during mid-day trading on Tuesday, reaching $177.18. 6,525,769 shares of the company's stock traded hands, compared to its average volume of 13,060,984. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The company has a market cap of $495.57 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 3.39 and a beta of 1.05. The stock has a 50 day moving average of $170.37 and a two-hundred day moving average of $164.97. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analysts' expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.34 EPS. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.90%. The ex-dividend date was Friday, January 10th. Oracle's dividend payout ratio (DPR) is presently 39.12%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of recent research reports. Morgan Stanley raised their target price on Oracle from $145.00 to $175.00 and gave the stock an "equal weight" rating in a report on Tuesday, December 10th. BMO Capital Markets raised their price objective on Oracle from $173.00 to $205.00 and gave the stock a "market perform" rating in a research note on Tuesday, December 10th. JMP Securities reiterated a "market outperform" rating and set a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. BNP Paribas upgraded shares of Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a "buy" rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $182.73.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction 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 completion of 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 position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 42.20% of the company's stock.

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.