2,891 Shares in Oracle Co. (NYSE:ORCL) Acquired by Abound Financial LLC

Abound Financial LLC acquired a new position in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,891 shares of the enterprise software provider’s stock, valued at approximately $482,000.

Several other hedge funds also recently added to or reduced their stakes in the business. Activest Wealth Management boosted its holdings in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after purchasing an additional 56 shares in the last quarter. Second Line Capital LLC boosted its holdings in Oracle by 1.5% in the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after purchasing an additional 58 shares in the last quarter. Cadence Bank boosted its holdings in Oracle by 0.8% in the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after purchasing an additional 59 shares in the last quarter. Requisite Capital Management LLC boosted its holdings in Oracle by 2.8% in the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after purchasing an additional 60 shares in the last quarter. Finally, McLean Asset Management Corp boosted its holdings in Oracle by 1.1% in the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after purchasing an additional 61 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages have weighed in on ORCL. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Wednesday. JMP Securities reiterated a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. KeyCorp lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research report on Friday, November 15th. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Citigroup lifted their price target on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Down 4.6 %

Shares of ORCL opened at $167.92 on Friday. The stock has a fifty day moving average of $168.99 and a two-hundred day moving average of $167.29. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $469.66 billion, a PE ratio of 41.06, a price-to-earnings-growth ratio of 3.46 and a beta of 1.05. Oracle Co. has a fifty-two week low of $109.66 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 earnings per share. As a group, analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s payout ratio is 39.12%.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this link. Insiders own 42.20% 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.