Oracle Co. (NYSE:ORCL) Stake Increased by TrueMark Investments LLC

TrueMark Investments LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 101.4% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 34,603 shares of the enterprise software provider’s stock after acquiring an additional 17,426 shares during the quarter. Oracle comprises approximately 1.8% of TrueMark Investments LLC’s portfolio, making the stock its 5th biggest holding. TrueMark Investments LLC’s holdings in Oracle were worth $5,766,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. R Squared Ltd acquired a new stake in shares of Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC boosted its position in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in Oracle in the fourth quarter valued at $34,000. TFC Financial Management Inc. increased its position in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the 4th quarter worth $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Down 0.8 %

Shares of ORCL stock opened at $153.59 on Wednesday. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The firm’s 50 day moving average price is $164.84 and its two-hundred day moving average price is $170.44. The stock has a market cap of $429.58 billion, a price-to-earnings ratio of 37.55, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last posted its 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. The business’s revenue was up 6.4% compared to the same quarter last year. On average, analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is 46.95%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research reports. Stifel Nicolaus lowered their price objective on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. BMO Capital Markets dropped their price objective on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research note on Tuesday, March 11th. Mizuho upped their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Evercore ISI lowered their target price on Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, Citigroup cut their price target on Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a report on Wednesday, March 12th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $179.20.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Company insiders own 42.20% of the company’s stock.

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.