Bison Wealth LLC Has $1.15 Million Holdings in Oracle Co. (NYSE:ORCL)

Bison Wealth LLC lowered its position in Oracle Co. (NYSE:ORCL) by 46.0% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 6,873 shares of the enterprise software provider’s stock after selling 5,855 shares during the period. Bison Wealth LLC’s holdings in Oracle were worth $1,145,000 as of its most recent filing with the SEC.

A number of other institutional investors also recently modified their holdings of the company. Howard Capital Management Group LLC grew its holdings in Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after acquiring an additional 883 shares during the period. Principal Financial Group Inc. boosted its position in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. Morse Asset Management Inc acquired a new stake in Oracle during the third quarter worth approximately $2,590,000. Westside Investment Management Inc. increased its holdings in Oracle by 0.6% in the third quarter. Westside Investment Management Inc. now owns 14,961 shares of the enterprise software provider’s stock worth $2,499,000 after purchasing an additional 86 shares in the last quarter. Finally, Tudor Financial Inc. bought a new stake in Oracle in the third quarter worth approximately $1,531,000. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research analyst reports. JPMorgan Chase & Co. cut their target price on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Cantor Fitzgerald cut their price objective on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. KeyCorp reaffirmed an “overweight” rating and issued a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Mizuho cut their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Finally, Guggenheim restated a “buy” rating and set a $220.00 price objective on shares of Oracle in a report on Thursday, April 3rd. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and a consensus price target of $174.42.

Oracle Trading Up 0.4 %

ORCL opened at $140.75 on Wednesday. The firm has a market capitalization of $393.67 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 3.46 and a beta of 1.22. Oracle Co. has a one year low of $113.65 and a one year high of $198.31. The business has a 50 day simple moving average of $145.01 and a two-hundred day simple moving average of $164.44. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the firm earned $1.41 EPS. The business’s revenue was up 6.4% on a year-over-year basis. Analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were issued a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.42%. Oracle’s dividend payout ratio is 46.95%.

Insider Activity

In other news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This represents a 7.93 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 42.20% of the company’s stock.

Oracle 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.