8,665 Shares in Oracle Co. (NYSE:ORCL) Acquired by Palacios Wealth Management LLC

Palacios Wealth Management LLC acquired a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 8,665 shares of the enterprise software provider’s stock, valued at approximately $1,375,000. Oracle comprises 1.5% of Palacios Wealth Management LLC’s investment portfolio, making the stock its 17th largest holding.

Several other institutional investors also recently modified their holdings of the stock. State Street Corp increased its position in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares during the last quarter. Geode Capital Management LLC grew its position in Oracle by 2.6% during the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after acquiring an additional 885,041 shares during the last quarter. Franklin Resources Inc. grew its position in Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after acquiring an additional 1,917,416 shares during the last quarter. Fisher Asset Management LLC grew its position in Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after acquiring an additional 310,709 shares during the last quarter. Finally, Janus Henderson Group PLC grew its position in Oracle by 0.4% during the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock valued at $2,489,345,000 after acquiring an additional 54,868 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $174.08 on Friday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market capitalization of $486.89 billion, a price-to-earnings ratio of 42.56, a PEG ratio of 3.39 and a beta of 1.05. The stock has a fifty day moving average of $169.94 and a 200 day moving average of $165.29. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 EPS. As a group, research analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.92%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is currently 39.12%.

Analyst Upgrades and Downgrades

A number of brokerages have commented on ORCL. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research report on Friday, December 20th. DA Davidson increased their price target on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Finally, KeyCorp increased their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.