TRUE Private Wealth Advisors Raises Holdings in Oracle Co. (ORCL)

TRUE Private Wealth Advisors grew its position in Oracle Co. (NYSE:ORCL) by 63.9% during the 1st quarter, Holdings Channel reports. The firm owned 10,720 shares of the enterprise software provider’s stock after acquiring an additional 4,178 shares during the quarter. TRUE Private Wealth Advisors’ holdings in Oracle were worth $575,000 as of its most recent SEC filing.

Other hedge funds have also recently modified their holdings of the company. Wealthquest Corp acquired a new stake in Oracle in the 4th quarter valued at approximately $202,000. Smith Moore & CO. lifted its position in shares of Oracle by 7.8% in the 4th quarter. Smith Moore & CO. now owns 14,746 shares of the enterprise software provider’s stock worth $666,000 after acquiring an additional 1,073 shares during the period. SevenBridge Financial Group LLC lifted its position in shares of Oracle by 246.4% in the 4th quarter. SevenBridge Financial Group LLC now owns 46,361 shares of the enterprise software provider’s stock worth $2,093,000 after acquiring an additional 32,978 shares during the period. Trust Co. of Vermont lifted its position in shares of Oracle by 10.9% in the 4th quarter. Trust Co. of Vermont now owns 54,368 shares of the enterprise software provider’s stock worth $2,455,000 after acquiring an additional 5,341 shares during the period. Finally, Perpetual Ltd lifted its position in shares of Oracle by 189.2% in the 4th quarter. Perpetual Ltd now owns 236,175 shares of the enterprise software provider’s stock worth $10,585,000 after acquiring an additional 154,500 shares during the period. 44.95% of the stock is currently owned by institutional investors.

In related news, Director Hector Garcia-Molina sold 3,750 shares of the firm’s stock in a transaction on Friday, March 15th. The stock was sold at an average price of $51.54, for a total transaction of $193,275.00. Following the completion of the sale, the director now directly owns 27,969 shares of the company’s stock, valued at approximately $1,441,522.26. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction on Tuesday, April 23rd. The shares were sold at an average price of $55.01, for a total value of $5,501,000.00. Following the sale, the executive vice president now directly owns 177,919 shares of the company’s stock, valued at $9,787,324.19. The disclosure for this sale can be found here. Insiders have sold a total of 2,473,750 shares of company stock valued at $133,883,350 in the last 90 days. 32.00% of the stock is owned by corporate insiders.

A number of analysts have commented on ORCL shares. Credit Suisse Group reiterated a “buy” rating and issued a $60.00 price objective on shares of Oracle in a research report on Monday, March 18th. JPMorgan Chase & Co. reiterated a “neutral” rating and issued a $53.00 price objective on shares of Oracle in a research report on Wednesday, March 13th. Goldman Sachs Group reiterated a “buy” rating and issued a $55.00 price objective on shares of Oracle in a research report on Thursday, February 14th. Wedbush raised their price objective on Oracle from $49.00 to $52.00 and gave the stock a “neutral” rating in a research report on Friday, March 15th. Finally, Exane BNP Paribas started coverage on Oracle in a research report on Friday, March 29th. They issued a “neutral” rating and a $50.00 price objective for the company. Three equities research analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eight have assigned a buy rating to the stock. Oracle currently has an average rating of “Hold” and an average price target of $53.11.

Shares of Oracle stock traded down $0.31 during midday trading on Friday, hitting $52.77. 9,090,742 shares of the company were exchanged, compared to its average volume of 9,570,295. The company has a debt-to-equity ratio of 2.13, a current ratio of 2.65 and a quick ratio of 2.65. The company has a market capitalization of $218.45 billion, a PE ratio of 18.71, a price-to-earnings-growth ratio of 1.79 and a beta of 1.08. Oracle Co. has a 52 week low of $42.40 and a 52 week high of $55.53.

Oracle (NYSE:ORCL) last posted its earnings results on Thursday, March 14th. The enterprise software provider reported $0.78 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $0.76 by $0.02. The business had revenue of $9.62 billion during the quarter, compared to the consensus estimate of $9.59 billion. Oracle had a return on equity of 34.03% and a net margin of 27.14%. Oracle’s revenue was down .7% on a year-over-year basis. During the same quarter last year, the company earned $0.83 EPS. Equities analysts anticipate that Oracle Co. will post 3.08 earnings per share for the current fiscal year.

The business also recently announced a quarterly dividend, which was paid on Thursday, April 25th. Investors of record on Thursday, April 11th were given a dividend of $0.24 per share. This represents a $0.96 annualized dividend and a dividend yield of 1.82%. The ex-dividend date of this dividend was Wednesday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.19. Oracle’s dividend payout ratio (DPR) is 34.04%.

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About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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