Oracle Co. (NYSE:ORCL) Shares Acquired by Pinnacle Wealth Management Advisory Group LLC

Pinnacle Wealth Management Advisory Group LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.1% in the fourth quarter, Holdings Channel reports. The firm owned 11,347 shares of the enterprise software provider’s stock after acquiring an additional 339 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Oracle were worth $1,196,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Orion Capital Management LLC acquired a new stake in shares of Oracle in the 3rd quarter valued at about $25,000. Ritter Daniher Financial Advisory LLC DE boosted its holdings in 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 worth $26,000 after purchasing an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle during the third quarter worth $27,000. Cornerstone Planning Group LLC lifted its holdings in Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after acquiring an additional 317 shares during the last quarter. Finally, EdgeRock Capital LLC acquired a new position in Oracle in the fourth quarter valued at approximately $38,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of ORCL traded down $0.54 during trading hours on Wednesday, hitting $117.39. 4,635,195 shares of the company were exchanged, compared to its average volume of 8,200,177. The firm has a fifty day simple moving average of $120.19 and a 200-day simple moving average of $113.57. The company has a market capitalization of $322.65 billion, a PE ratio of 30.97, a PEG ratio of 2.32 and a beta of 1.03. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. Oracle Co. has a one year low of $96.10 and a one year high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly 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. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter last year, the business posted $0.96 EPS. Oracle’s revenue was up 7.1% on a year-over-year basis. As a group, sell-side analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insiders Place Their Bets

In other news, Director George H. Conrades sold 25,000 shares of the stock in a transaction 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 owns 17,836 shares in the company, valued at $2,071,294.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, CEO Safra Catz sold 790,000 shares of the business’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 is accessible through the SEC website. Also, Director George H. Conrades sold 25,000 shares of the stock in a transaction that occurred 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 completion of the sale, 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. In the last three months, insiders have sold 880,000 shares of company stock worth $110,488,150. Corporate insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts recently issued reports on the company. The Goldman Sachs Group boosted their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. BMO Capital Markets lifted their price target on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Finally, Oppenheimer started coverage on Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target 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.