DiNuzzo Private Wealth Inc. Makes New Investment in Oracle Co. (NYSE:ORCL)

DiNuzzo Private Wealth Inc. acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm acquired 930 shares of the enterprise software provider’s stock, valued at approximately $98,000.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Sandy Spring Bank lifted its holdings in Oracle by 1.4% during the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares in the last quarter. LVM Capital Management Ltd. MI increased its position in Oracle by 3.5% in the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after purchasing an additional 200 shares during the period. Quantum Private Wealth LLC bought a new stake in Oracle during the 3rd quarter worth about $229,000. Cooper Financial Group grew its position in shares of Oracle by 43.4% during the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after buying an additional 1,525 shares during the period. Finally, Mendota Financial Group LLC bought a new stake in shares of Oracle during the fourth quarter worth approximately $171,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ORCL. HSBC upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. BMO Capital Markets upped their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Oppenheimer started coverage on shares of Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. Finally, The Goldman Sachs Group increased their price target on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average target price of $130.76.

Insider Transactions at Oracle

In other Oracle news, 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 value of $99,966,600.00. Following the sale, 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 SEC, which is available through this hyperlink. Company insiders own 42.80% of the company’s stock.

Oracle Stock Performance

ORCL traded up $2.75 during trading hours on Wednesday, hitting $116.50. The stock had a trading volume of 3,065,108 shares, compared to its average volume of 8,345,340. The stock has a market cap of $320.20 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 2.34 and a beta of 1.01. Oracle Co. has a 1 year low of $93.85 and a 1 year high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The company’s fifty day simple moving average is $119.63 and its 200 day simple moving average is $113.25.

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

Oracle Dividend Announcement

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

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.