Encompass Wealth Advisors LLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

Encompass Wealth Advisors LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 9.5% during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,583 shares of the enterprise software provider’s stock after acquiring an additional 137 shares during the period. Encompass Wealth Advisors LLC’s holdings in Oracle were worth $264,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in the business. International Assets Investment Management LLC lifted its position in shares of Oracle by 16,023.4% in the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after buying an additional 2,052,275 shares in the last quarter. Franklin Resources Inc. increased its stake in Oracle by 11.6% in the 3rd quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock worth $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. State Street Corp increased its stake in Oracle by 2.7% in the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares during the last quarter. Jennison Associates LLC raised its holdings in shares of Oracle by 279.7% during the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock worth $201,759,000 after acquiring an additional 891,842 shares in the last quarter. Finally, Geode Capital Management LLC boosted its position in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after acquiring an additional 885,041 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently issued reports on the stock. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. Mizuho lifted their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a research report on Friday, December 20th. Finally, Evercore ISI lifted their target price on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Stock Performance

Shares of Oracle stock opened at $172.53 on Friday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The stock’s fifty day moving average price is $170.83 and its 200-day moving average price is $164.05. The firm has a market cap of $482.56 billion, a P/E ratio of 42.18, a P/E/G ratio of 3.35 and a beta of 1.05. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the firm posted $1.34 EPS. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal 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 issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s dividend payout ratio is presently 39.12%.

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.