Pinnacle Wealth Management Advisory Group LLC Has $1.20 Million Stake in Oracle Co. (NYSE:ORCL)

Pinnacle Wealth Management Advisory Group LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 3.1% in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The fund owned 11,347 shares of the enterprise software provider’s stock after buying an additional 339 shares during the period. Pinnacle Wealth Management Advisory Group LLC’s holdings in Oracle were worth $1,196,000 at the end of the most recent reporting period.

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

Oracle Stock Down 0.5 %

Shares of ORCL traded down $0.54 during mid-day trading on Wednesday, hitting $117.39. The company’s stock had a trading volume of 4,635,195 shares, compared to its average volume of 8,200,177. The firm has a market capitalization of $322.65 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.32 and a beta of 1.03. The company’s 50-day moving average is $120.19 and its 200-day moving average is $113.57. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 52-week low of $96.10 and a 52-week high of $132.77.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.37 by $0.04. The business 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 business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter last year, the firm earned $0.96 EPS. On average, equities research analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Insider Buying and Selling

In other news, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction 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 completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The disclosure for this sale can be found here. Insiders sold a total of 880,000 shares of company stock worth $110,488,150 in the last 90 days. 42.80% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent research reports. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. BMO Capital Markets lifted their price target on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Oppenheimer assumed coverage on Oracle in a research report on Thursday, April 18th. They set a “market perform” rating on the stock. HSBC increased their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, KeyCorp assumed coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective on the stock. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Company 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.