Unique Wealth Strategies LLC Acquires New Stake in Oracle Co. (NYSE:ORCL)

Unique Wealth Strategies LLC bought a new position in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 10,923 shares of the enterprise software provider’s stock, valued at approximately $1,152,000.

Several other hedge funds have also recently made changes to their positions in ORCL. Strategic Blueprint LLC boosted its holdings in shares of Oracle by 5.1% in the third quarter. Strategic Blueprint LLC now owns 4,077 shares of the enterprise software provider’s stock worth $432,000 after acquiring an additional 197 shares during the period. Connecticut Wealth Management LLC boosted its stake in Oracle by 62.9% in the 3rd quarter. Connecticut Wealth Management LLC now owns 4,569 shares of the enterprise software provider’s stock worth $484,000 after purchasing an additional 1,765 shares during the period. KRS Capital Management LLC grew its holdings in Oracle by 50.3% during the 3rd quarter. KRS Capital Management LLC now owns 8,953 shares of the enterprise software provider’s stock valued at $948,000 after buying an additional 2,996 shares in the last quarter. Investment Research & Advisory Group Inc. increased its position in shares of Oracle by 92.9% during the third quarter. Investment Research & Advisory Group Inc. now owns 623 shares of the enterprise software provider’s stock valued at $66,000 after buying an additional 300 shares during the period. Finally, Zullo Investment Group Inc. grew its stake in Oracle by 17.6% during the third quarter. Zullo Investment Group Inc. now owns 2,157 shares of the enterprise software provider’s stock valued at $229,000 after acquiring an additional 323 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

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

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. KeyCorp initiated coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. The Goldman Sachs Group boosted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. BMO Capital Markets lifted their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Trading Up 2.0 %

ORCL stock traded up $2.32 during trading on Friday, hitting $117.21. 8,355,111 shares of the company traded hands, compared to its average volume of 5,810,524. 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 company has a 50-day moving average of $119.42 and a 200-day moving average of $113.11. The firm has a market capitalization of $322.15 billion, a PE ratio of 30.93, a P/E/G ratio of 2.30 and a beta of 1.01. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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 for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter last year, the business earned $0.96 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. Analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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