Oracle Co. (NYSE:ORCL) Shares Acquired by Envestnet Asset Management Inc.

Envestnet Asset Management Inc. raised its position in Oracle Co. (NYSE:ORCL) by 1.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 3,980,801 shares of the enterprise software provider’s stock after purchasing an additional 69,918 shares during the period. Envestnet Asset Management Inc. owned about 0.14% of Oracle worth $663,361,000 at the end of the most recent reporting period.

Several other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new position in Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC grew its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the period. Synergy Investment Management LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $34,000. TFC Financial Management Inc. lifted its holdings in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the period. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle in the fourth quarter worth approximately $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The stock was 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 of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 2,448,328 shares of company stock valued at $453,791,001. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $128.17 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock’s 50 day moving average is $160.05 and its two-hundred day moving average is $169.33. The company has a market capitalization of $358.48 billion, a PE ratio of 31.34, a P/E/G ratio of 3.46 and a beta of 1.22. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the firm earned $1.41 earnings per share. The firm’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.56%. This is a boost from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio is presently 46.95%.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ORCL shares. DA Davidson reaffirmed a “neutral” rating and set a $150.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Evercore ISI dropped their price objective on Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. BNP Paribas raised Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Finally, Citigroup cut their price objective on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a report on Wednesday, March 12th. Thirteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $178.65.

Oracle 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.