Gladstone Institutional Advisory LLC Has $5.78 Million Holdings in Oracle Co. (NYSE:ORCL)

Gladstone Institutional Advisory LLC raised its stake in Oracle Co. (NYSE:ORCL) by 26.3% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 34,661 shares of the enterprise software provider’s stock after purchasing an additional 7,208 shares during the period. Gladstone Institutional Advisory LLC’s holdings in Oracle were worth $5,776,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Wealth Group Ltd. bought a new stake in Oracle during the 3rd quarter worth about $222,000. Exchange Traded Concepts LLC grew its position in shares of Oracle by 157.0% in the 3rd quarter. Exchange Traded Concepts LLC now owns 4,587 shares of the enterprise software provider’s stock valued at $782,000 after purchasing an additional 2,802 shares during the period. Wesbanco Bank Inc. raised its holdings in shares of Oracle by 7.5% during the third quarter. Wesbanco Bank Inc. now owns 126,123 shares of the enterprise software provider’s stock worth $21,491,000 after acquiring an additional 8,790 shares during the period. Creative Planning lifted its holdings in shares of Oracle by 4.1% in the third quarter. Creative Planning now owns 774,912 shares of the enterprise software provider’s stock valued at $132,045,000 after purchasing an additional 30,341 shares in the last quarter. Finally, GenWealth Group Inc. bought a new stake in Oracle in the 3rd quarter valued at approximately $202,000. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

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 stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 42.20% of the company’s stock.

Oracle Trading Down 1.0 %

ORCL stock opened at $177.18 on Wednesday. The firm has a market cap of $495.57 billion, a P/E ratio of 43.32, a PEG ratio of 3.39 and a beta of 1.05. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company’s 50-day simple moving average is $170.37 and its 200-day simple moving average is $164.97. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 EPS. As a group, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced 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 0.90%. Oracle’s payout ratio is currently 39.12%.

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research note on Friday, December 20th. Morgan Stanley lifted their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Evercore ISI lifted their price objective on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. Finally, UBS Group boosted their target price on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price 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.