Spire Wealth Management Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Spire Wealth Management boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 7.6% in the fourth quarter, HoldingsChannel reports. The firm owned 18,606 shares of the enterprise software provider’s stock after buying an additional 1,315 shares during the period. Spire Wealth Management’s holdings in Oracle were worth $2,041,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in ORCL. Vanguard Group Inc. boosted its stake in shares of Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after buying an additional 7,883,515 shares during the last quarter. Northern Trust Corp increased its holdings in shares of Oracle by 3.5% during the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after purchasing an additional 635,994 shares in the last quarter. Charles Schwab Investment Management Inc. lifted its stake in shares of Oracle by 0.5% in the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock valued at $1,211,307,000 after purchasing an additional 61,604 shares during the period. Invesco Ltd. grew its position in Oracle by 1.1% during the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock valued at $897,342,000 after buying an additional 89,876 shares during the period. Finally, Wellington Management Group LLP increased its holdings in Oracle by 9,299.3% in the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after buying an additional 8,084,067 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the company. BMO Capital Markets upped their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. The Goldman Sachs Group increased their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Oppenheimer started coverage on shares of Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating on the stock. Finally, StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Trading Down 0.1 %

Shares of Oracle stock traded down $0.09 on Tuesday, reaching $118.25. The company had a trading volume of 466,334 shares, compared to its average volume of 8,175,685. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market cap of $325.01 billion, a PE ratio of 31.22, a PEG ratio of 2.32 and a beta of 1.03. The firm’s 50 day moving average price is $120.06 and its two-hundred day moving average price is $113.46. Oracle Co. has a 52-week low of $96.10 and a 52-week high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates 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 analysts’ expectations of $13.29 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. Sell-side analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared 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. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insider Transactions at Oracle

In other Oracle 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 completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 835,000 shares of company stock valued at $105,189,850. 42.80% of the stock is currently owned by corporate insiders.

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.