True Wealth Design LLC Raises Stake in Oracle Co. (NYSE:ORCL)

True Wealth Design LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 59.2% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 788 shares of the enterprise software provider’s stock after purchasing an additional 293 shares during the quarter. True Wealth Design LLC’s holdings in Oracle were worth $131,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. McClarren Financial Advisors Inc. boosted its stake in Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after purchasing an additional 1,069 shares during the period. Foundations Investment Advisors LLC raised its holdings in Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after buying an additional 32,718 shares during the period. Crews Bank & Trust purchased a new stake in Oracle in the fourth quarter worth $1,800,000. Boston Trust Walden Corp increased its stake in Oracle by 40.8% in the fourth quarter. Boston Trust Walden Corp now owns 564,030 shares of the enterprise software provider’s stock worth $93,990,000 after purchasing an additional 163,543 shares during the period. Finally, CENTRAL TRUST Co increased its stake in shares of Oracle by 10.8% during the fourth quarter. CENTRAL TRUST Co now owns 43,851 shares of the enterprise software provider’s stock valued at $7,307,000 after buying an additional 4,259 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.6%

NYSE:ORCL opened at $160.31 on Friday. The firm has a market capitalization of $448.39 billion, a price-to-earnings ratio of 39.20, a price-to-earnings-growth 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 stock’s 50 day moving average price is $142.91 and its two-hundred day moving average price is $162.49. 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 released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the firm earned $1.41 earnings per share. Equities research analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.25%. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is presently 46.95%.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director now owns 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction that occurred 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 completion of the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock valued at $4,015,723 in the last 90 days. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of brokerages recently weighed in on ORCL. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Cantor Fitzgerald dropped their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. BMO Capital Markets reduced their price objective on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating on the stock in a report on Tuesday, March 11th. Finally, Citigroup cut their price target on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus target price of $174.42.

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.