US Asset Management LLC Acquires Shares of 10,287 Oracle Co. (NYSE:ORCL)

US Asset Management LLC bought a new position in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm bought 10,287 shares of the enterprise software provider’s stock, valued at approximately $1,085,000. Oracle accounts for approximately 1.1% of US Asset Management LLC’s investment portfolio, making the stock its 24th biggest holding.

Other hedge funds and other institutional investors have also bought and sold shares of the company. Avidian Wealth Solutions LLC raised its stake in Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after purchasing an additional 90 shares during the last quarter. Sovereign Financial Group Inc. lifted its stake in shares of Oracle by 2.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after buying an additional 90 shares during the period. Bison Wealth LLC boosted its position in Oracle by 0.8% during the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after acquiring an additional 91 shares during the last quarter. MONECO Advisors LLC grew its stake in Oracle by 1.1% in the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after acquiring an additional 94 shares during the period. Finally, Everhart Financial Group Inc. raised its holdings in Oracle by 1.4% in the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after acquiring an additional 96 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently weighed in on ORCL shares. BMO Capital Markets increased their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. KeyCorp began coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. The Goldman Sachs Group upped their price objective on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday. Finally, HSBC upped their price target on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $130.76.

Insider Buying and Selling at Oracle

In other news, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In related news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The transaction was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The disclosure for this sale can be found here. Over the last three months, insiders have sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is owned by insiders.

Oracle Stock Performance

ORCL traded down $0.22 during trading hours on Friday, hitting $116.42. 1,777,333 shares of the stock were exchanged, compared to its average volume of 8,079,738. The stock has a 50-day simple moving average of $120.40 and a 200-day simple moving average of $113.62. Oracle Co. has a 12 month low of $96.33 and a 12 month high of $132.77. The stock has a market cap of $319.98 billion, a price-to-earnings ratio of 30.68, a price-to-earnings-growth 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 (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business posted $0.96 earnings per share. Analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

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.