ICA Group Wealth Management LLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

ICA Group Wealth Management LLC boosted its position in shares of Oracle Co. (NYSE:ORCL) by 19.5% during the fourth quarter, Holdings Channel.com reports. The firm owned 3,902 shares of the enterprise software provider’s stock after buying an additional 636 shares during the quarter. ICA Group Wealth Management LLC’s holdings in Oracle were worth $411,000 at the end of the most recent quarter.

Other institutional investors also recently bought and sold shares of the company. Invst LLC boosted its holdings in Oracle by 2.7% in the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after purchasing an additional 86 shares during the period. Nemes Rush Group LLC boosted its holdings in Oracle by 1.2% in the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock worth $773,000 after purchasing an additional 86 shares during the period. Avidian Wealth Solutions LLC boosted its holdings in Oracle by 1.1% in the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after purchasing an additional 90 shares during the period. Sovereign Financial Group Inc. boosted its holdings in Oracle by 2.9% in the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock worth $342,000 after purchasing an additional 90 shares during the period. Finally, Godshalk Welsh Capital Management Inc. boosted its holdings in Oracle by 0.3% in the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock worth $3,525,000 after purchasing an additional 90 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 880,000 shares of company stock valued at $110,488,150. 42.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts have recently issued reports on ORCL shares. Mizuho boosted their price target on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday. JMP Securities reissued a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. Bank of America lifted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Morgan Stanley lifted their price objective on shares of Oracle from $115.00 to $125.00 and gave the company an “equal weight” rating in a research note on Wednesday, June 12th. Finally, UBS Group lifted their price objective on shares of Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average price target of $144.17.

Oracle Trading Up 2.3 %

Shares of NYSE ORCL opened at $141.34 on Tuesday. The stock has a market cap of $388.47 billion, a price-to-earnings ratio of 38.10, a PEG ratio of 2.47 and a beta of 1.01. The business has a 50 day simple moving average of $121.38 and a 200 day simple moving average of $116.30. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $142.40. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.71.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 EPS. On average, research analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. Oracle’s payout ratio is 43.13%.

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.