Moss Adams Wealth Advisors LLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

Moss Adams Wealth Advisors LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 17.3% in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The firm owned 3,847 shares of the enterprise software provider’s stock after purchasing an additional 566 shares during the quarter. Moss Adams Wealth Advisors LLC’s holdings in Oracle were worth $406,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in the business. Cherry Tree Wealth Management LLC raised its position in Oracle by 55.7% in the 4th quarter. Cherry Tree Wealth Management LLC now owns 573 shares of the enterprise software provider’s stock valued at $60,000 after purchasing an additional 205 shares in the last quarter. Barlow Wealth Partners Inc. acquired a new stake in Oracle in the fourth quarter valued at approximately $341,000. Patrick M Sweeney & Associates Inc. purchased a new position in Oracle in the fourth quarter worth approximately $295,000. Sovereign Financial Group Inc. grew its holdings in Oracle by 2.9% during the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock worth $342,000 after acquiring an additional 90 shares in the last quarter. Finally, Charles Schwab Investment Advisory Inc. purchased a new stake in shares of Oracle in the 4th quarter valued at approximately $219,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the sale, the director now owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other Oracle news, Director George H. Conrades sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 880,000 shares of company stock valued at $110,488,150. 42.80% of the stock is owned by corporate insiders.

Analyst Ratings Changes

A number of equities analysts recently commented on the stock. BMO Capital Markets boosted their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Oppenheimer started coverage on Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. KeyCorp assumed coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, May 1st. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Price Performance

Shares of ORCL traded down $0.54 on Wednesday, reaching $117.39. The stock had a trading volume of 4,635,195 shares, compared to its average volume of 8,200,177. The firm has a 50-day moving average of $120.19 and a 200 day moving average of $113.57. The firm has a market capitalization of $322.65 billion, a PE ratio of 30.97, a PEG ratio of 2.32 and a beta of 1.03. Oracle Co. has a twelve month low of $96.10 and a twelve month 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.

Oracle (NYSE:ORCL) last posted its 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 for the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the prior year, the company earned $0.96 earnings per share. Oracle’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts expect that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

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.