Barlow Wealth Partners Inc. Makes New $341,000 Investment in Oracle Co. (NYSE:ORCL)

Barlow Wealth Partners Inc. bought a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 3,233 shares of the enterprise software provider’s stock, valued at approximately $341,000.

A number of other institutional investors have also recently bought and sold shares of ORCL. Patrick M Sweeney & Associates Inc. purchased a new stake in shares of Oracle in the fourth quarter worth approximately $295,000. Sovereign Financial Group Inc. boosted its position in 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 purchasing an additional 90 shares during the last quarter. Charles Schwab Investment Advisory Inc. purchased a new position in Oracle in the fourth quarter valued at about $219,000. Charles Schwab Investment Management Inc. increased its position in Oracle by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock worth $1,223,775,000 after purchasing an additional 204,546 shares during the last quarter. Finally, Empirical Financial Services LLC d.b.a. Empirical Wealth Management raised its stake in shares of Oracle by 4.0% during the 4th quarter. Empirical Financial Services LLC d.b.a. Empirical Wealth Management now owns 81,382 shares of the enterprise software provider’s stock worth $8,580,000 after purchasing an additional 3,166 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research reports. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, May 1st. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. The Goldman Sachs Group lifted their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, HSBC raised their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Performance

Oracle stock traded down $0.45 during trading hours on Tuesday, hitting $117.89. The stock had a trading volume of 6,434,951 shares, compared to its average volume of 8,246,625. Oracle Co. has a fifty-two week low of $96.10 and a fifty-two week high of $132.77. The company has a market cap of $324.02 billion, a PE ratio of 31.11, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. The company has a 50-day moving average of $120.19 and a two-hundred day moving average of $113.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion during 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 was up 7.1% on a year-over-year basis. During the same period in the prior year, the company posted $0.96 earnings per share. On average, equities research analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors 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 1.36%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction 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 of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George H. Conrades sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. Insiders sold 835,000 shares of company stock valued at $105,189,850 in the last three months. Corporate insiders own 42.80% 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.