Lyell Wealth Management LP Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Lyell Wealth Management LP grew its position in Oracle Co. (NYSE:ORCL) by 70.6% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 4,397 shares of the enterprise software provider’s stock after purchasing an additional 1,820 shares during the quarter. Lyell Wealth Management LP’s holdings in Oracle were worth $464,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the company. Bison Wealth LLC lifted its holdings in shares of Oracle by 0.8% in the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after buying an additional 91 shares during the period. MONECO Advisors LLC lifted its stake in shares of Oracle by 1.1% during the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after purchasing an additional 94 shares during the last quarter. Everhart Financial Group Inc. lifted its stake in shares of Oracle by 1.4% during the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after purchasing an additional 96 shares during the last quarter. Nicholas Hoffman & Company LLC. lifted its stake in shares of Oracle by 1.0% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock worth $1,000,000 after purchasing an additional 98 shares during the last quarter. Finally, J.W. Cole Advisors Inc. lifted its stake in shares of Oracle by 0.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock worth $2,255,000 after purchasing an additional 100 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. KeyCorp initiated coverage on Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. Oppenheimer assumed coverage on Oracle in a research note on Thursday, April 18th. They set a “market perform” rating for the company. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. HSBC upped their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The stock was 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 owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. 42.80% of the stock is currently owned by company insiders.

Oracle Stock Performance

Oracle stock traded down $0.50 during midday trading on Thursday, hitting $114.84. 5,379,027 shares of the company were exchanged, compared to its average volume of 8,451,148. The firm has a market capitalization of $315.64 billion, a PE ratio of 30.45, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77. The business has a fifty day simple moving average of $119.26 and a two-hundred day simple moving average of $113.05. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period last year, the company earned $0.96 earnings per share. On average, sell-side analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared 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. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. Oracle’s dividend payout ratio is currently 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.