Roberts Wealth Advisors LLC Has $1.16 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Roberts Wealth Advisors LLC raised its stake in Oracle Co. (NYSE:ORCL – Get Rating) by 2.5% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 13,881 shares of the enterprise software provider’s stock after buying an additional 341 shares during the period. Roberts Wealth Advisors LLC’s holdings in Oracle were worth $1,162,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in the stock. FMR LLC boosted its position in Oracle by 7.6% in the second quarter. FMR LLC now owns 18,430,838 shares of the enterprise software provider’s stock valued at $1,287,763,000 after buying an additional 1,299,311 shares in the last quarter. Fisher Asset Management LLC raised its stake in shares of Oracle by 1.9% during the third quarter. Fisher Asset Management LLC now owns 17,623,567 shares of the enterprise software provider’s stock valued at $1,076,271,000 after acquiring an additional 322,352 shares during the last quarter. Primecap Management Co. CA raised its stake in shares of Oracle by 3.7% during the third quarter. Primecap Management Co. CA now owns 12,459,351 shares of the enterprise software provider’s stock valued at $760,893,000 after acquiring an additional 439,550 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Oracle by 1.0% during the first quarter. Charles Schwab Investment Management Inc. now owns 11,524,116 shares of the enterprise software provider’s stock valued at $953,393,000 after acquiring an additional 117,443 shares during the last quarter. Finally, UBS Asset Management Americas Inc. raised its stake in shares of Oracle by 5.4% during the third quarter. UBS Asset Management Americas Inc. now owns 8,518,586 shares of the enterprise software provider’s stock valued at $520,230,000 after acquiring an additional 434,023 shares during the last quarter. Institutional investors and hedge funds own 40.96% of the company’s stock.

Analysts Set New Price Targets

Several research firms have recently issued reports on ORCL. TheStreet raised shares of Oracle from a “c” rating to a “b-” rating in a research note on Thursday, January 26th. Cowen dropped their price target on shares of Oracle from $98.00 to $96.00 and set an “outperform” rating for the company in a research note on Tuesday, December 13th. BMO Capital Markets raised their price target on shares of Oracle from $95.00 to $96.00 and gave the company a “market perform” rating in a research note on Friday, March 10th. UBS Group raised their price target on shares of Oracle from $75.00 to $87.00 in a research note on Friday, March 10th. Finally, Barclays raised their price target on shares of Oracle from $81.00 to $85.00 in a research note on Friday, March 10th. One equities research analyst has rated the stock with a sell rating, ten have given a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $95.06.

Insider Activity

In other news, Director Rona Alison Fairhead sold 8,080 shares of Oracle stock in a transaction dated Friday, February 3rd. The shares were sold at an average price of $89.82, for a total transaction of $725,745.60. Following the completion of the transaction, the director now directly owns 11,197 shares in the company, valued at $1,005,714.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 43.70% of the company’s stock.

Oracle Stock Up 0.5 %

ORCL traded up $0.44 during midday trading on Friday, hitting $85.26. The company had a trading volume of 13,066,028 shares, compared to its average volume of 7,163,995. Oracle Co. has a 52 week low of $60.78 and a 52 week high of $91.22. The company has a market capitalization of $230.18 billion, a price-to-earnings ratio of 28.14, a PEG ratio of 2.65 and a beta of 1.02. The stock’s 50 day moving average price is $87.66 and its 200 day moving average price is $79.42.

Oracle (NYSE:ORCL – Get Rating) last posted its quarterly earnings results on Thursday, March 9th. The enterprise software provider reported $1.22 earnings per share for the quarter, beating the consensus estimate of $1.20 by $0.02. Oracle had a net margin of 17.46% and a negative return on equity of 262.40%. The firm had revenue of $12.40 billion during the quarter, compared to the consensus estimate of $12.42 billion. During the same period in the previous year, the firm posted $0.94 earnings per share. The business’s revenue was up 17.9% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 3.99 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Monday, April 24th. Stockholders of record on Tuesday, April 11th will be issued a dividend of $0.40 per share. This is a boost from Oracle’s previous quarterly dividend of $0.32. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.88%. The ex-dividend date of this dividend is Monday, April 10th. Oracle’s dividend payout ratio (DPR) is currently 42.24%.

Oracle Profile

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Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.