12,759 Shares in Oracle Co. (NYSE:ORCL) Bought by Burling Wealth Partners LLC

Burling Wealth Partners LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm bought 12,759 shares of the enterprise software provider’s stock, valued at approximately $2,126,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. Norges Bank acquired a new position in shares of Oracle in the fourth quarter worth approximately $2,216,314,000. Raymond James Financial Inc. acquired a new position in shares of Oracle in the 4th quarter worth approximately $930,095,000. Vanguard Group Inc. lifted its position in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. Polen Capital Management LLC boosted its stake in shares of Oracle by 22.3% in the 4th quarter. Polen Capital Management LLC now owns 10,723,731 shares of the enterprise software provider’s stock valued at $1,787,003,000 after purchasing an additional 1,955,764 shares during the last quarter. Finally, Franklin Resources Inc. raised its stake 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 worth $3,370,640,000 after buying an additional 1,917,416 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. Westpark Capital began coverage on shares of Oracle in a research report on Tuesday, April 1st. They set a “buy” rating and a $195.00 price target on the stock. KeyCorp reaffirmed an “overweight” rating and set a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. JPMorgan Chase & Co. dropped their price target on Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, UBS Group reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Fourteen 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. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $174.42.

Oracle Trading Up 3.3 %

NYSE ORCL opened at $131.43 on Thursday. The stock has a market capitalization of $367.60 billion, a price-to-earnings ratio of 32.13, a PEG ratio of 3.46 and a beta of 1.22. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The business’s fifty day moving average is $148.08 and its 200-day moving average is $165.49.

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

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.52%. The ex-dividend date was Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is 46.95%.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 352,174 shares of company stock valued at $64,990,957. Company insiders own 42.20% of the company’s stock.

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.