Lee Danner & Bass Inc. Buys 573 Shares of Oracle Co. (NYSE:ORCL)

Lee Danner & Bass Inc. grew its stake in Oracle Co. (NYSE:ORCL) by 1.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 44,942 shares of the enterprise software provider’s stock after purchasing an additional 573 shares during the period. Lee Danner & Bass Inc.’s holdings in Oracle were worth $7,489,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Howard Capital Management Group LLC raised its position in Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after purchasing an additional 883 shares in the last quarter. Principal Financial Group Inc. raised its position in Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. United Bank raised its position in Oracle by 4.8% during the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock valued at $1,948,000 after purchasing an additional 519 shares in the last quarter. Prospera Private Wealth LLC bought a new stake in Oracle during the 3rd quarter valued at $70,000. Finally, Moran Wealth Management LLC bought a new stake in Oracle during the 3rd quarter valued at $1,882,000. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ORCL has been the subject of a number of research analyst reports. Bank of America decreased their target price on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research report on Tuesday, March 11th. Guggenheim reiterated a “buy” rating and issued a $220.00 price target on shares of Oracle in a report on Wednesday, March 5th. Stephens initiated coverage on Oracle in a report on Wednesday. They issued an “equal weight” rating and a $167.00 price target on the stock. Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Finally, Mizuho lifted their price target on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Thirteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $179.20.

Insider Activity

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

Oracle Stock Up 0.2 %

Oracle stock opened at $152.78 on Friday. 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 business’s 50-day simple moving average is $164.90 and its two-hundred day simple moving average is $169.77. The company has a market cap of $427.31 billion, a PE ratio of 37.35, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the firm posted $1.41 EPS. Equities analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is 46.95%.

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.