Connecticut Wealth Management LLC Grows Stake in Oracle Co. (NYSE:ORCL)

Connecticut Wealth Management LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 155.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 11,679 shares of the enterprise software provider’s stock after purchasing an additional 7,110 shares during the period. Connecticut Wealth Management LLC’s holdings in Oracle were worth $1,231,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently added to or reduced their stakes in the company. Vanguard Group Inc. boosted its holdings in Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after purchasing an additional 7,883,515 shares during the last quarter. Northern Trust Corp grew its holdings in Oracle by 3.5% during the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after acquiring an additional 635,994 shares during the period. Charles Schwab Investment Management Inc. grew its holdings in Oracle by 0.5% during the third quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock worth $1,211,307,000 after acquiring an additional 61,604 shares during the period. Invesco Ltd. lifted its holdings in Oracle by 1.1% in the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock valued at $897,342,000 after acquiring an additional 89,876 shares during the period. Finally, Wellington Management Group LLP grew its stake in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after purchasing an additional 8,084,067 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In other Oracle news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The disclosure for this sale can be found here. 42.80% of the stock is currently owned by corporate insiders.

Oracle Trading Up 0.7 %

NYSE:ORCL traded up $0.84 on Friday, reaching $115.80. The company’s stock had a trading volume of 4,484,976 shares, compared to its average volume of 6,128,065. The firm has a market cap of $318.28 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12-month low of $94.41 and a 12-month high of $132.77. The stock has a 50 day moving average price of $119.91 and a 200 day moving average price of $113.38.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

Analyst Ratings Changes

Several analysts have commented on ORCL shares. BMO Capital Markets raised their price objective on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, KeyCorp started coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

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.