Destination Wealth Management Raises Stock Position in Oracle Co. (NYSE:ORCL)

Destination Wealth Management increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.7% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 6,536 shares of the enterprise software provider’s stock after purchasing an additional 295 shares during the period. Destination Wealth Management’s holdings in Oracle were worth $1,089,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently made changes to their positions in ORCL. R Squared Ltd purchased a new position in Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC increased its holdings in Oracle by 89.7% in the fourth 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 in the last quarter. Synergy Investment Management LLC purchased a new position in Oracle in the fourth quarter valued at $34,000. TFC Financial Management Inc. increased 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 buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new position in Oracle in the fourth quarter valued at $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ORCL. Mizuho lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Guggenheim reaffirmed a “buy” rating and issued a $220.00 price objective on shares of Oracle in a report on Wednesday. Citigroup lifted their target price on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. DA Davidson lifted their target price on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, Morgan Stanley lifted their target price 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. Twelve research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Price Performance

Oracle stock opened at $150.69 on Friday. The company’s 50 day simple moving average is $167.89 and its 200-day simple moving average is $168.97. The company has a market capitalization of $421.48 billion, a price-to-earnings ratio of 36.84, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a 1 year low of $111.18 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is 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.