Oak Hill Wealth Advisors LLC Makes New $556,000 Investment in Oracle Co. (NYSE:ORCL)

Oak Hill Wealth Advisors LLC acquired a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm acquired 3,335 shares of the enterprise software provider’s stock, valued at approximately $556,000.

Other hedge funds have also modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Oracle in the fourth quarter valued at $25,000. Winch Advisory Services LLC raised 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 valued at $31,000 after acquiring an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at $34,000. TFC Financial Management Inc. raised its stake in shares of 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 in the last quarter. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle in the fourth quarter valued at $47,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the firm’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 completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $150.69 on Friday. 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 Co. has a one year low of $111.18 and a one year high of $198.31. The company’s 50-day simple moving average is $167.89 and its 200-day simple moving average is $168.97. The stock has a market capitalization of $421.48 billion, a price-to-earnings ratio of 36.84, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS 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 company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the business earned $1.34 EPS. Oracle’s revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.06%. Oracle’s dividend payout ratio is presently 39.12%.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. Evercore ISI increased their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. UBS Group increased their target price on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a report on Thursday, December 5th. Finally, Cantor Fitzgerald lowered Oracle to an “overweight” rating in a report on Monday, February 10th. Twelve investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $182.73.

About Oracle

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.