Oracle Co. (NYSE:ORCL) Shares Bought by Fortitude Advisory Group L.L.C.

Fortitude Advisory Group L.L.C. grew its stake in Oracle Co. (NYSE:ORCL) by 3.9% in the fourth quarter, Holdings Channel reports. The fund owned 5,220 shares of the enterprise software provider’s stock after purchasing an additional 197 shares during the period. Fortitude Advisory Group L.L.C.’s holdings in Oracle were worth $870,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Nilsine Partners LLC raised its position in shares of Oracle by 9.2% during the 4th quarter. Nilsine Partners LLC now owns 29,067 shares of the enterprise software provider’s stock valued at $4,844,000 after buying an additional 2,445 shares during the period. Lebenthal Global Advisors LLC increased its stake in Oracle by 9.2% during the fourth quarter. Lebenthal Global Advisors LLC now owns 9,782 shares of the enterprise software provider’s stock worth $1,630,000 after acquiring an additional 828 shares during the last quarter. Foundations Investment Advisors LLC raised its position in Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares during the period. Parsons Capital Management Inc. RI lifted its stake in shares of Oracle by 6.9% in the 4th quarter. Parsons Capital Management Inc. RI now owns 130,061 shares of the enterprise software provider’s stock valued at $21,673,000 after purchasing an additional 8,360 shares during the last quarter. Finally, Mount Yale Investment Advisors LLC grew its holdings in shares of Oracle by 22.3% during the 4th quarter. Mount Yale Investment Advisors LLC now owns 19,112 shares of the enterprise software provider’s stock worth $3,185,000 after purchasing an additional 3,479 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Down 13.9 %

NYSE ORCL opened at $158.10 on Tuesday. The firm’s fifty day moving average price is $174.41 and its 200 day moving average price is $162.79. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $442.19 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.34 EPS. On average, sell-side analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 1.01%. Oracle’s dividend payout ratio is presently 39.12%.

Analysts Set New Price Targets

Several brokerages recently issued reports on ORCL. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research note on Friday, December 20th. Citigroup increased their price objective on shares of Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Evercore ISI boosted their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Finally, Sanford C. Bernstein raised their price target on Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a research report on Monday, September 30th. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.