Avidian Wealth Solutions LLC Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Avidian Wealth Solutions LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.1% during the fourth quarter, Holdings Channel reports. The firm owned 8,516 shares of the enterprise software provider’s stock after acquiring an additional 90 shares during the quarter. Avidian Wealth Solutions LLC’s holdings in Oracle were worth $898,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also bought and sold shares of the company. National Bank of Canada FI lifted its position in shares of Oracle by 73.3% in the 4th quarter. National Bank of Canada FI now owns 1,355,349 shares of the enterprise software provider’s stock worth $141,064,000 after purchasing an additional 573,377 shares during the period. Pointe Capital Management LLC lifted its holdings in Oracle by 11.4% in the fourth quarter. Pointe Capital Management LLC now owns 7,328 shares of the enterprise software provider’s stock worth $773,000 after buying an additional 751 shares during the period. Ellerson Group Inc. ADV boosted its position in Oracle by 2.1% during the 4th quarter. Ellerson Group Inc. ADV now owns 29,050 shares of the enterprise software provider’s stock valued at $3,063,000 after acquiring an additional 600 shares in the last quarter. TCG Advisory Services LLC grew its holdings in shares of Oracle by 85.9% during the 4th quarter. TCG Advisory Services LLC now owns 8,206 shares of the enterprise software provider’s stock worth $865,000 after acquiring an additional 3,791 shares during the period. Finally, Vestmark Advisory Solutions Inc. bought a new position in shares of Oracle in the 4th quarter worth approximately $273,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the company’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 completion of the transaction, 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 Securities & Exchange Commission, which is available at this link. In other news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. 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 transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The disclosure for this sale can be found here. Insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of ORCL traded up $0.84 during mid-day trading on Friday, hitting $115.80. 4,484,976 shares of the company traded hands, compared to its average volume of 6,128,065. The stock has a 50-day moving average price of $119.91 and a two-hundred day moving average price of $113.38. The stock has a market cap of $318.28 billion, a price-to-earnings ratio of 30.55, a P/E/G ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 1 year low of $94.41 and a 1 year high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.96 EPS. Equities analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid 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 was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ORCL. Argus raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday. Oppenheimer assumed coverage on shares of Oracle in a research note on Thursday, April 18th. They set a “market perform” rating on the stock. The Goldman Sachs Group raised their target price 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. Finally, William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Company 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.