Beck Mack & Oliver LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL – Free Report) during the fourth quarter, HoldingsChannel.com reports. The fund purchased 4,017 shares of the enterprise software provider’s stock, valued at approximately $669,000.
Several other hedge funds and other institutional investors have also recently made changes to their positions in the business. R Squared Ltd acquired a new stake in Oracle in the fourth quarter worth about $25,000. Winch Advisory Services LLC raised its position in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Hurley Capital LLC acquired a new stake in Oracle in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new stake in Oracle during the 4th quarter worth approximately $34,000. Finally, TFC Financial Management Inc. raised its holdings 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 worth $35,000 after buying an additional 120 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Wall Street Analyst Weigh In
A number of equities research analysts have recently weighed in on ORCL shares. UBS Group reissued a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. Stifel Nicolaus cut their price objective on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. Stephens assumed coverage on Oracle in a research report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 target price on the stock. Barclays reduced their price target on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Finally, StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $176.73.
Insider Activity
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 value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,453,328 shares of company stock valued at $454,439,851 in the last 90 days. Company insiders own 42.20% of the company’s stock.
Oracle Trading Down 0.9 %
ORCL opened at $128.56 on Friday. 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’s 50 day simple moving average is $150.85 and its two-hundred day simple moving average is $166.34. The firm has a market capitalization of $359.58 billion, a price-to-earnings ratio of 31.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31.
Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same period last year, the firm posted $1.41 EPS. The business’s quarterly revenue was up 6.4% on a year-over-year basis. Analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.
Oracle Increases Dividend
The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.56%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle’s payout ratio is presently 46.95%.
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.
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