American Money Management LLC Takes $449,000 Position in Oracle Co. (NYSE:ORCL)

American Money Management LLC bought a new position in Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,695 shares of the enterprise software provider's stock, valued at approximately $449,000.

A number of other large investors have also made changes to their positions in the company. Howard Capital Management Group LLC grew its holdings in Oracle by 12.4% during the third 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 during the period. Principal Financial Group Inc. lifted its position in shares of 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 buying an additional 121,874 shares in the last quarter. United Bank grew its stake in shares of 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 acquiring an additional 519 shares during the period. Fred Alger Management LLC increased its holdings in Oracle by 4.6% in the 3rd quarter. Fred Alger Management LLC now owns 28,210 shares of the enterprise software provider's stock worth $4,807,000 after acquiring an additional 1,240 shares in the last quarter. Finally, Circle Wealth Management LLC raised its stake in Oracle by 45.3% during the 3rd quarter. Circle Wealth Management LLC now owns 34,775 shares of the enterprise software provider's stock worth $5,926,000 after acquiring an additional 10,836 shares during the period. 42.44% of the stock is currently owned by institutional investors.

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Oracle Trading Up 3.8 %

Shares of NYSE ORCL traded up $5.44 during midday trading on Wednesday, hitting $147.38. The company's stock had a trading volume of 5,612,109 shares, compared to its average volume of 11,817,530. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm has a market cap of $412.22 billion, a P/E ratio of 36.03, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. The business's 50 day moving average is $162.91 and its two-hundred day moving average is $170.02.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results 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). The business had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the business earned $1.41 EPS. As a group, equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.36%. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's payout ratio is currently 46.95%.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent analyst reports. Guggenheim reiterated a "buy" rating and issued a $220.00 price target on shares of Oracle in a research report on Wednesday, March 5th. JMP Securities reaffirmed a "market outperform" rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. BMO Capital Markets decreased their price target on Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a report on Tuesday, March 11th. StockNews.com cut Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, Mizuho boosted their price target on Oracle from $185.00 to $210.00 and gave the stock an "outperform" rating in a report on Tuesday, December 10th. Thirteen equities research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $178.65.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle 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 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 document filed with the SEC, which is available at this hyperlink. 42.20% of the stock is owned by company insiders.

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.