Heritage Wealth Management Inc. CA Acquires 3,203 Shares of Oracle Co. (NYSE:ORCL)

Heritage Wealth Management Inc. CA boosted its holdings in Oracle Co. (NYSE:ORCL) by 887.3% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,564 shares of the enterprise software provider’s stock after acquiring an additional 3,203 shares during the period. Heritage Wealth Management Inc. CA’s holdings in Oracle were worth $594,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in ORCL. Principal Financial Group Inc. lifted its stake in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares during the last quarter. McClarren Financial Advisors Inc. raised its holdings in Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after acquiring an additional 1,069 shares during the period. RMR Wealth Builders lifted its position in Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after acquiring an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC boosted its holdings in shares of Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after acquiring an additional 32,718 shares during the period. Finally, Crews Bank & Trust acquired a new position in shares of Oracle in the fourth quarter valued at approximately $1,800,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 1.8 %

ORCL stock opened at $154.98 on Tuesday. The firm has a 50-day moving average price of $164.89 and a 200-day moving average price of $170.36. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $433.46 billion, a P/E ratio of 37.89, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 EPS. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.29%. Oracle’s dividend payout ratio (DPR) is 46.95%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ORCL. Guggenheim reissued a “buy” rating and set a $220.00 price target on shares of Oracle in a report on Wednesday, March 5th. Citigroup dropped their target price on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Cantor Fitzgerald decreased their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday, March 11th. Mizuho lifted their price objective on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. Finally, JPMorgan Chase & Co. decreased their target price on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $179.20.

About Oracle

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.