Avestar Capital LLC Has $1.95 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Avestar Capital LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 10.5% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 11,677 shares of the enterprise software provider’s stock after purchasing an additional 1,107 shares during the period. Avestar Capital LLC’s holdings in Oracle were worth $1,946,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. R Squared Ltd bought a new stake in shares of Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted its stake in shares of Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the period. TFC Financial Management Inc. boosted its holdings in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Reston Wealth Management LLC acquired a new stake in Oracle during the 3rd quarter valued at approximately $44,000. Finally, Synergy Asset Management LLC bought a new position in Oracle during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently commented on ORCL. Cantor Fitzgerald initiated coverage on shares of Oracle in a research note on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective on the stock. KeyCorp upped their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. Jefferies Financial Group upped their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Mizuho lifted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Price Performance

Shares of NYSE:ORCL opened at $172.30 on Thursday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $481.92 billion, a PE ratio of 42.13, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. The stock’s fifty day simple moving average is $169.94 and its two-hundred day simple moving average is $165.29. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31.

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

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.93%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

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.