Alesco Advisors LLC Has $540,000 Holdings in Oracle Co. (NYSE:ORCL)

Alesco Advisors LLC lessened its stake in Oracle Co. (NYSE:ORCL) by 8.2% during the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,124 shares of the enterprise software provider’s stock after selling 455 shares during the quarter. Alesco Advisors LLC’s holdings in Oracle were worth $540,000 at the end of the most recent reporting period.

A number of other large investors also recently modified their holdings of ORCL. Bison Wealth LLC lifted its holdings in shares of Oracle by 0.8% during the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after purchasing an additional 91 shares during the last quarter. MONECO Advisors LLC lifted its holdings in shares of Oracle by 1.1% during the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after purchasing an additional 94 shares during the last quarter. Everhart Financial Group Inc. lifted its holdings in shares of Oracle by 1.4% during the fourth quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after purchasing an additional 96 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its holdings in shares of Oracle by 1.0% during the third quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after purchasing an additional 98 shares during the last quarter. Finally, J.W. Cole Advisors Inc. raised its holdings in Oracle by 0.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock worth $2,255,000 after acquiring an additional 100 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of brokerages recently weighed in on ORCL. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday. The Goldman Sachs Group boosted their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. BMO Capital Markets boosted their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Oppenheimer began coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. Finally, HSBC boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Performance

Shares of ORCL stock traded up $2.32 during mid-day trading on Friday, reaching $117.21. 8,253,920 shares of the company’s stock traded hands, compared to its average volume of 8,478,005. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77. The firm has a 50 day moving average price of $119.42 and a two-hundred day moving average price of $113.11. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $322.15 billion, a PE ratio of 30.93, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. On average, research analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. 42.80% 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.