Quantum Private Wealth LLC Has $262,000 Stake in Oracle Co. (NYSE:ORCL)

Quantum Private Wealth LLC raised its stake in Oracle Co. (NYSE:ORCL) by 15.0% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 2,486 shares of the enterprise software provider’s stock after acquiring an additional 325 shares during the period. Quantum Private Wealth LLC’s holdings in Oracle were worth $262,000 as of its most recent SEC filing.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC acquired a new stake in Oracle during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management acquired a new position in Oracle during the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC lifted its position in Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after buying an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. grew its holdings in Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after acquiring an additional 216 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Performance

Shares of ORCL traded up $0.74 during trading hours on Wednesday, hitting $120.62. The company had a trading volume of 6,999,959 shares, compared to its average volume of 6,801,563. The business has a fifty day moving average of $119.25 and a 200-day moving average of $112.73. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm has a market cap of $331.52 billion, a price-to-earnings ratio of 31.83, a PEG ratio of 2.32 and a beta of 1.01. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter last year, the company earned $0.96 earnings per share. Equities analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a $0.40 dividend. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insider Buying and Selling

In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. BMO Capital Markets upped their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. HSBC increased their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Ten research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, 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.