Beaumont Financial Advisors LLC Has $1.19 Million Stake in Oracle Co. (NYSE:ORCL)

Beaumont Financial Advisors LLC decreased its position in Oracle Co. (NYSE:ORCL) by 4.8% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 11,237 shares of the enterprise software provider’s stock after selling 564 shares during the quarter. Beaumont Financial Advisors LLC’s holdings in Oracle were worth $1,185,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. Fairfield Bush & CO. increased its position in shares of Oracle by 3.1% in the first quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after acquiring an additional 2,221 shares during the last quarter. AMI Investment Management Inc. increased its position in Oracle by 2.9% during the first quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after buying an additional 579 shares during the last quarter. Baird Financial Group Inc. increased its position in Oracle by 29.2% during the first quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after buying an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. increased its position in Oracle by 79.6% during the first quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after buying an additional 3,038 shares during the last quarter. Finally, Covestor Ltd increased its position in Oracle by 125.2% during the first quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after buying an additional 1,109 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have weighed in on ORCL shares. KeyCorp started coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. BMO Capital Markets boosted 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. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Oppenheimer initiated coverage on Oracle in a report on Thursday. They set a “market perform” rating for the company. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Trading Down 1.0 %

Shares of ORCL stock opened at $114.89 on Friday. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a market cap of $315.78 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 2.24 and a beta of 1.01. The stock has a 50 day simple moving average of $119.23 and a 200 day simple moving average of $112.85. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating 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 business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same period in the previous year, the business earned $0.96 earnings per share. The company’s revenue was up 7.1% on a year-over-year basis. On average, research analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

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

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’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 completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Company 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.