Catalyst Financial Partners LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Catalyst Financial Partners LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 2.3% in the fourth quarter, Holdings Channel reports. The firm owned 5,150 shares of the enterprise software provider’s stock after purchasing an additional 114 shares during the period. Catalyst Financial Partners LLC’s holdings in Oracle were worth $543,000 at the end of the most recent reporting period.

Several other institutional investors have also recently made changes to their positions in the company. Avidian Wealth Solutions LLC increased its stake in shares of Oracle by 1.1% during the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after buying an additional 90 shares during the period. Sovereign Financial Group Inc. increased its position in Oracle by 2.9% during the 4th 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 period. Bison Wealth LLC lifted its position 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 purchasing an additional 91 shares during the period. MONECO Advisors LLC lifted its position in shares of 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 purchasing an additional 94 shares during the period. Finally, Everhart Financial Group Inc. raised its position in shares of Oracle by 1.4% in 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 own 42.44% of the company’s stock.

Insider Activity at Oracle

In other 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 value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, CEO Safra Catz sold 790,000 shares of the business’s 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 of the company’s stock, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is currently owned by company insiders.

Oracle Trading Down 0.7 %

NYSE:ORCL traded down $0.82 on Thursday, reaching $116.57. The company’s stock had a trading volume of 3,236,172 shares, compared to its average volume of 8,150,866. The stock has a 50 day moving average price of $120.30 and a 200 day moving average price of $113.59. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm has a market cap of $320.39 billion, a price-to-earnings ratio of 30.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Oracle Co. has a 12-month low of $96.26 and a 12-month high of $132.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period last year, the business earned $0.96 earnings per share. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. Oracle’s payout ratio is presently 42.22%.

Analyst Upgrades and Downgrades

A number of research firms have commented on ORCL. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Oppenheimer initiated coverage on shares of Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating on the stock. 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. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, 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 note on Tuesday, March 12th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average 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.