SRS Capital Advisors Inc. Has $417,000 Stock Position in Oracle Co. (NYSE:ORCL)

SRS Capital Advisors Inc. grew its position in Oracle Co. (NYSE:ORCL) by 331.8% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 3,955 shares of the enterprise software provider’s stock after purchasing an additional 3,039 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Oracle were worth $417,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Bison Wealth LLC raised its stake in shares of Oracle by 0.8% during the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after acquiring an additional 91 shares during the last quarter. MONECO Advisors LLC boosted its position in shares of Oracle by 1.1% in the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after purchasing an additional 94 shares in the last quarter. Everhart Financial Group Inc. grew its stake in shares of Oracle by 1.4% in the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after buying an additional 96 shares during the last quarter. Nicholas Hoffman & Company LLC. raised its stake in Oracle by 1.0% during the third quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after buying an additional 98 shares during the last quarter. Finally, J.W. Cole Advisors Inc. boosted its holdings in Oracle by 0.5% in the third quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock worth $2,255,000 after acquiring an additional 100 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Up 0.7 %

Shares of Oracle stock traded up $0.84 during trading hours on Friday, reaching $115.80. 4,368,173 shares of the company were exchanged, compared to its average volume of 8,293,188. The firm has a market cap of $318.28 billion, a PE ratio of 30.55, a PEG ratio of 2.30 and a beta of 1.03. The stock’s fifty day moving average is $119.83 and its 200 day moving average is $113.27. Oracle Co. has a 1 year low of $94.41 and a 1 year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same period last year, the firm earned $0.96 earnings per share. Oracle’s quarterly revenue was up 7.1% on a year-over-year basis. As a group, equities research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. Oracle’s dividend payout ratio is presently 42.22%.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ORCL shares. Oppenheimer assumed coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. HSBC raised their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. BMO Capital Markets raised their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Finally, William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Insider Activity

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The disclosure for this sale can be found here. Corporate insiders own 42.80% 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.