Capital Asset Advisory Services LLC Purchases 181 Shares of Oracle Co. (NYSE:ORCL)

Capital Asset Advisory Services LLC raised its position in shares of Oracle Co. (NYSE:ORCL) by 2.6% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund owned 7,277 shares of the enterprise software provider’s stock after acquiring an additional 181 shares during the quarter. Capital Asset Advisory Services LLC’s holdings in Oracle were worth $1,061,000 as of its most recent SEC filing.

A number of other institutional investors have also bought and sold shares of ORCL. R Squared Ltd bought a new position in shares of Oracle during the 4th quarter worth about $25,000. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter valued at about $30,000. Hurley Capital LLC bought a new position in Oracle in the 4th quarter valued at about $33,000. Synergy Investment Management LLC bought a new position in Oracle in the 4th quarter valued at about $34,000. Finally, TFC Financial Management Inc. lifted its position in Oracle by 129.0% in the 4th 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. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $169.26 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’s fifty day moving average is $145.39 and its two-hundred day moving average is $160.82. Oracle Co. has a 52 week low of $118.72 and a 52 week high of $198.31. The company has a market capitalization of $473.40 billion, a PE ratio of 41.38, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.41 earnings per share. As a group, analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.18%. The ex-dividend date was Thursday, April 10th. Oracle’s dividend payout ratio is currently 46.95%.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent research reports. Stifel Nicolaus dropped their price target on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Guggenheim reiterated a “buy” rating and issued a $220.00 price objective on shares of Oracle in a research note on Thursday, April 3rd. Barclays decreased their price objective on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. KeyCorp reiterated an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Finally, Wall Street Zen lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $174.42.

Insider Activity

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 27,366 shares of company stock valued at $4,015,723. Corporate insiders own 42.20% of the company’s stock.

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.