D L Carlson Investment Group Inc. Takes Position in Oracle Co. (NYSE:ORCL)

D L Carlson Investment Group Inc. acquired a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 14,312 shares of the enterprise software provider's stock, valued at approximately $2,385,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. R Squared Ltd acquired a new position in Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC grew its stake 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 buying an additional 87 shares in the last quarter. Synergy Investment Management LLC bought a new position in Oracle in the 4th quarter valued at about $34,000. TFC Financial Management Inc. raised its position in shares of Oracle by 129.0% in the 4th 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 bought a new stake in shares of Oracle during the 4th quarter worth approximately $47,000. 42.44% of the stock is currently owned by institutional investors.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by company insiders.

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Oracle Stock Down 4.4 %

Shares of NYSE ORCL traded down $6.45 on Thursday, reaching $139.41. 6,086,320 shares of the company's stock traded hands, compared to its average volume of 9,026,782. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business's 50 day simple moving average is $162.14 and its two-hundred day simple moving average is $169.85. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The company has a market cap of $389.92 billion, a price-to-earnings ratio of 34.09, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. During the same quarter in the previous year, the firm posted $1.41 EPS. The firm's quarterly revenue was up 6.4% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.43%. Oracle's payout ratio is 46.95%.

Wall Street Analysts Forecast Growth

Several equities research analysts have weighed in on ORCL shares. BNP Paribas upgraded Oracle to a "strong-buy" rating in a research note on Tuesday, December 10th. Morgan Stanley lowered their target price on Oracle from $175.00 to $170.00 and set an "equal weight" rating for the company in a report on Tuesday, March 11th. BMO Capital Markets dropped their price target on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a research report on Tuesday, March 11th. Bank of America dropped their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a report on Tuesday, March 11th. Finally, UBS Group reissued a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. 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 stock. Based on data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $178.65.

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.