Aegis Wealth Management LLC Invests $276,000 in Oracle Co. (NYSE:ORCL)

Aegis Wealth Management LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,654 shares of the enterprise software provider’s stock, valued at approximately $276,000.

Other large investors have also recently bought and sold shares of the company. Capital & Planning LLC grew its stake in Oracle by 0.5% during the fourth quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock worth $2,621,000 after purchasing an additional 81 shares during the period. Brighton Jones LLC grew its position in shares of Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after buying an additional 100,494 shares during the period. Capital Asset Advisory Services LLC grew its holdings in Oracle by 5.5% in the fourth quarter. Capital Asset Advisory Services LLC now owns 7,096 shares of the enterprise software provider’s stock worth $1,180,000 after purchasing an additional 368 shares during the period. Union Bancaire Privee UBP SA acquired a new stake in Oracle in the fourth quarter worth $51,084,000. Finally, Pacer Advisors Inc. grew its holdings in Oracle by 10.5% in the fourth quarter. Pacer Advisors Inc. now owns 185,893 shares of the enterprise software provider’s stock worth $30,977,000 after purchasing an additional 17,719 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several brokerages have recently commented on ORCL. BMO Capital Markets reduced their target price on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research note on Tuesday, March 11th. Wall Street Zen cut Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. JPMorgan Chase & Co. reduced their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. Finally, Cantor Fitzgerald decreased their target price on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $174.42.

Oracle Stock Up 3.8%

ORCL opened at $161.84 on Wednesday. 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 has a market cap of $452.66 billion, a price-to-earnings ratio of 39.57, a PEG ratio of 3.46 and a beta of 1.27. Oracle Co. has a twelve month low of $114.55 and a twelve month high of $198.31. The company’s 50-day moving average price is $143.94 and its two-hundred day moving average price is $161.60.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS 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 analysts’ expectations of $14.40 billion. During the same quarter in the previous year, the company posted $1.41 EPS. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. As a group, equities analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.24%. Oracle’s dividend payout ratio is 46.95%.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the company’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 over the last three months. 42.20% of the stock is currently owned by insiders.

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.