Vestmark Advisory Solutions Inc. Invests $273,000 in Oracle Co. (NYSE:ORCL)

Vestmark Advisory Solutions Inc. bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor bought 2,589 shares of the enterprise software provider’s stock, valued at approximately $273,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. Orion Capital Management LLC bought a new position in shares of Oracle during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in Oracle by 298.4% in the 3rd 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 in the last quarter. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle in the 3rd quarter worth about $27,000. Cornerstone Planning Group LLC boosted its stake in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. increased its position in shares of Oracle by 139.4% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after buying an additional 216 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

NYSE:ORCL opened at $118.34 on Tuesday. The company has a market capitalization of $325.26 billion, a P/E ratio of 31.22, a P/E/G ratio of 2.32 and a beta of 1.03. The business’s 50-day moving average is $120.06 and its 200 day moving average is $113.46. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12 month low of $96.10 and a 12 month high of $132.77.

Oracle (NYSE:ORCL) last posted 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 firm had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 EPS. On average, equities research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.35%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. BMO Capital Markets increased their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. HSBC boosted their target price on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Insider Activity

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were 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 sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction 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 completion of the sale, 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. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. 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 company insiders.

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.