1,315 Shares in Oracle Co. (NYSE:ORCL) Bought by Wetzel Investment Advisors Inc.

Wetzel Investment Advisors Inc. bought a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, HoldingsChannel reports. The fund bought 1,315 shares of the enterprise software provider’s stock, valued at approximately $139,000.

Several other hedge funds also recently made changes to their positions in the company. Naples Money Management LLC purchased a new position in shares of Oracle in the fourth quarter worth $94,000. Tanager Wealth Management LLP bought a new stake in shares of Oracle during the 4th quarter valued at $223,000. Martin Capital Advisors LLP boosted its holdings in shares of Oracle by 1.0% during the 4th quarter. Martin Capital Advisors LLP now owns 16,783 shares of the enterprise software provider’s stock valued at $1,769,000 after buying an additional 170 shares in the last quarter. Resonant Capital Advisors LLC boosted its holdings in shares of Oracle by 5.9% during the 4th quarter. Resonant Capital Advisors LLC now owns 24,044 shares of the enterprise software provider’s stock valued at $2,535,000 after buying an additional 1,335 shares in the last quarter. Finally, Zhang Financial LLC boosted its stake in Oracle by 20.3% in the 4th quarter. Zhang Financial LLC now owns 9,892 shares of the enterprise software provider’s stock worth $1,043,000 after purchasing an additional 1,672 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. HSBC upped their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. KeyCorp initiated coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $1.12 during trading on Friday, hitting $114.88. The company’s stock had a trading volume of 8,251,495 shares, compared to its average volume of 5,931,178. The company has a 50-day moving average of $119.23 and a 200-day moving average of $112.85. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The firm has a market cap of $315.75 billion, a price-to-earnings ratio of 30.31, a P/E/G ratio of 2.24 and a beta of 1.01.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

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.