Elevatus Welath Management Has $925,000 Stock Position in Oracle Co. (NYSE:ORCL)

Elevatus Welath Management grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.8% in the 4th quarter, Holdings Channel.com reports. The fund owned 5,549 shares of the enterprise software provider’s stock after purchasing an additional 99 shares during the period. Elevatus Welath Management’s holdings in Oracle were worth $925,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Howard Capital Management Group LLC boosted its stake in shares of Oracle by 12.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after purchasing an additional 883 shares during the last quarter. Principal Financial Group Inc. lifted its holdings in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after buying an additional 121,874 shares during the period. Morse Asset Management Inc bought a new stake in Oracle during the third quarter valued at $2,590,000. XTX Topco Ltd bought a new position in shares of Oracle in the 3rd quarter worth about $215,000. Finally, Westside Investment Management Inc. lifted its stake in shares of Oracle by 0.6% in the 3rd quarter. Westside Investment Management Inc. now owns 14,961 shares of the enterprise software provider’s stock valued at $2,499,000 after purchasing an additional 86 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on ORCL. Morgan Stanley cut their target price on shares of Oracle from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Wednesday. Jefferies Financial Group reduced their target price on Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Stephens initiated coverage on Oracle in a research note on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price target on the stock. Cantor Fitzgerald reduced their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Finally, Mizuho cut their target price on Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $176.73.

Oracle Stock Performance

NYSE:ORCL opened at $128.56 on Friday. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31. The business’s fifty day moving average is $150.85 and its 200 day moving average is $166.34. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $359.58 billion, a price-to-earnings ratio of 31.43, a PEG ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL) last released its quarterly earnings results 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 return on equity of 133.25% and a net margin of 21.16%. 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 previous year, the company posted $1.41 EPS. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. Research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed 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. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.56%. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is 46.95%.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 2,453,328 shares of company stock worth $454,439,851. Corporate insiders own 42.20% of the company’s stock.

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.