Oracle Co. (NYSE:ORCL) is Greenwich Wealth Management LLC’s 4th Largest Position

Greenwich Wealth Management LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 0.1% in the fourth quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 332,432 shares of the enterprise software provider’s stock after acquiring an additional 401 shares during the period. Oracle comprises approximately 3.9% of Greenwich Wealth Management LLC’s portfolio, making the stock its 4th largest position. Greenwich Wealth Management LLC’s holdings in Oracle were worth $55,397,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the stock. Howard Capital Management Group LLC increased its stake in Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after purchasing an additional 883 shares during the period. Principal Financial Group Inc. increased its stake in shares of Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares during the period. United Bank increased its stake in shares of Oracle by 4.8% during the third quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock worth $1,948,000 after acquiring an additional 519 shares during the period. Nicollet Investment Management Inc. increased its stake in shares of Oracle by 0.6% during the third quarter. Nicollet Investment Management Inc. now owns 39,465 shares of the enterprise software provider’s stock worth $6,725,000 after acquiring an additional 217 shares during the period. Finally, Vishria Bird Financial Group LLC acquired a new position in shares of Oracle during the third quarter worth about $640,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently issued reports on ORCL. 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. DA Davidson reiterated a “neutral” rating and set a $150.00 price target on shares of Oracle in a research note on Tuesday, March 11th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Morgan Stanley decreased their price objective on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a report on Tuesday, March 11th. Finally, Evercore ISI decreased their price objective on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Twelve analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $179.71.

Oracle Stock Up 1.2 %

Shares of ORCL opened at $149.36 on Friday. The firm has a market cap of $417.76 billion, a PE ratio of 36.52, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The company’s fifty day moving average is $165.80 and its two-hundred day moving average is $169.63. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. 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) last announced its quarterly earnings results 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). The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.41 EPS. Analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

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.