Kolinsky Wealth Management LLC Purchases 105 Shares of Oracle Co. (NYSE:ORCL)

Kolinsky Wealth Management LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 3.8% in the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,898 shares of the enterprise software provider’s stock after purchasing an additional 105 shares during the quarter. Kolinsky Wealth Management LLC’s holdings in Oracle were worth $483,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also recently modified their holdings of ORCL. R Squared Ltd bought a new position in shares of Oracle in the 4th quarter worth $25,000. Hurley Capital LLC acquired a new stake in Oracle in the 4th quarter valued at about $33,000. Synergy Investment Management LLC purchased a new stake in Oracle during the fourth quarter valued at about $34,000. TFC Financial Management Inc. increased its position in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle in the 4th quarter worth approximately $36,000. 42.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of research firms recently commented on ORCL. Stifel Nicolaus decreased their price target on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Guggenheim reissued a “buy” rating and set a $220.00 price objective on shares of Oracle in a research note on Thursday, April 3rd. JMP Securities reaffirmed a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a “sector perform” rating in a research report on Tuesday, March 11th. Finally, KeyCorp reissued an “overweight” rating and issued a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average price target of $174.42.

Oracle Stock Up 0.3%

Shares of ORCL stock opened at $160.05 on Wednesday. The stock has a 50 day moving average of $143.33 and a 200-day moving average of $162.36. Oracle Co. has a 12 month low of $114.55 and a 12 month high of $198.31. The firm has a market cap of $447.65 billion, a PE ratio of 39.13, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. 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 posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period last year, the firm earned $1.41 EPS. On average, equities analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

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

Insider Activity

In other news, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now owns 31,764 shares in the company, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the business’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 in the last 90 days. 42.20% 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.