AXQ Capital LP Makes New $1.06 Million Investment in Oracle Co. (NYSE:ORCL)

AXQ Capital LP acquired a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) during the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund acquired 6,387 shares of the enterprise software provider's stock, valued at approximately $1,064,000.

A number of other large investors have also modified their holdings of the company. R Squared Ltd bought a new stake in shares of Oracle in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC grew its position in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after acquiring an additional 87 shares during the period. Synergy Investment Management LLC acquired a new position in Oracle during the fourth quarter worth $34,000. TFC Financial Management Inc. lifted its holdings in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after acquiring an additional 120 shares during the period. Finally, Synergy Asset Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $47,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

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

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Wall Street Analysts Forecast Growth

A number of equities research analysts recently issued reports on ORCL shares. KeyCorp reiterated an "overweight" rating and set a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Stephens began coverage on shares of Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price for the company. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. JPMorgan Chase & Co. dropped their price target on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Finally, Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Thirteen equities 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's stock. According to MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and an average target price of $179.20.

Oracle Trading Down 0.8 %

ORCL traded down $1.28 during mid-day trading on Tuesday, hitting $153.59. The stock had a trading volume of 8,514,230 shares, compared to its average volume of 8,513,966. The firm has a market capitalization 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 Co. has a 1-year low of $112.78 and a 1-year high of $198.31. 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 stock's fifty day simple moving average is $164.84 and its 200-day simple moving average is $170.44.

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

Oracle Increases Dividend

The company also recently declared 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 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. The ex-dividend date of this dividend is Thursday, April 10th. 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.