Schear Investment Advisers LLC Buys 1,714 Shares of Oracle Co. (NYSE:ORCL)

Schear Investment Advisers LLC boosted its position in shares of Oracle Co. (NYSE:ORCL) by 23.1% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,137 shares of the enterprise software provider’s stock after acquiring an additional 1,714 shares during the period. Schear Investment Advisers LLC’s holdings in Oracle were worth $1,523,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the company. Wealth Group Ltd. purchased a new position in Oracle in the 3rd quarter worth $222,000. Exchange Traded Concepts LLC grew its stake in shares of Oracle by 157.0% during the third quarter. Exchange Traded Concepts LLC now owns 4,587 shares of the enterprise software provider’s stock valued at $782,000 after buying an additional 2,802 shares during the last quarter. Wesbanco Bank Inc. grew its stake in shares of Oracle by 7.5% during the third quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock valued at $21,491,000 after buying an additional 8,790 shares during the last quarter. Creative Planning increased its holdings in shares of Oracle by 4.1% in the third quarter. Creative Planning now owns 774,912 shares of the enterprise software provider’s stock worth $132,045,000 after buying an additional 30,341 shares during the period. Finally, GenWealth Group Inc. bought a new stake in shares of Oracle in the 3rd quarter valued at about $202,000. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the 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 sale, the chief executive officer now directly 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 document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. Mizuho increased their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Evercore ISI increased their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Morgan Stanley boosted their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a research report on Tuesday, December 10th. UBS Group upped their price objective on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. Finally, Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Trading Down 1.0 %

ORCL opened at $177.18 on Wednesday. The stock has a fifty day moving average price of $170.37 and a 200-day moving average price of $164.97. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. 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 firm has a market cap of $495.57 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 3.39 and a beta of 1.05.

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

Oracle Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 0.90%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is presently 39.12%.

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.