Katamaran Capital LLP Makes New $3.45 Million Investment in Oracle Co. (NYSE:ORCL)

Katamaran Capital LLP purchased a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 20,689 shares of the enterprise software provider's stock, valued at approximately $3,448,000. Oracle comprises about 4.4% of Katamaran Capital LLP's investment portfolio, making the stock its 11th largest position.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Howard Capital Management Group LLC lifted its stake in Oracle by 12.4% in 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 buying an additional 883 shares during the last quarter. Principal Financial Group Inc. raised its position in Oracle by 5.3% in 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 purchasing an additional 121,874 shares during the last quarter. United Bank boosted its stake in Oracle by 4.8% during the 3rd quarter. United Bank now owns 11,430 shares of the enterprise software provider's stock worth $1,948,000 after purchasing an additional 519 shares during the period. Morse Asset Management Inc purchased a new position in Oracle during the 3rd quarter worth $2,590,000. Finally, Quarry LP increased its stake in Oracle by 2,273.8% in the third quarter. Quarry LP now owns 1,899 shares of the enterprise software provider's stock valued at $324,000 after purchasing an additional 1,819 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

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Oracle Stock Down 3.7 %

Shares of ORCL traded down $4.66 during mid-day trading on Tuesday, reaching $122.50. 8,522,369 shares of the stock traded hands, compared to its average volume of 9,145,063. The firm has a market cap of $342.62 billion, a price-to-earnings ratio of 29.77, a P/E/G ratio of 3.46 and a beta of 1.22. The stock has a fifty day simple moving average of $159.43 and a 200 day simple moving average of $169.09. 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 12-month low of $112.78 and a 12-month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last posted 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). The firm had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's quarterly revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the company earned $1.41 earnings per share. Sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.63%. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is 46.95%.

Analysts Set New Price Targets

Several equities analysts recently issued reports on the company. Stifel Nicolaus dropped their price target on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. KeyCorp reaffirmed an "overweight" rating and set a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Bank of America dropped their price objective on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Evercore ISI reduced their target price on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a research note on Tuesday, March 11th. Finally, Westpark Capital assumed coverage on shares of Oracle in a report on Tuesday, April 1st. They set a "buy" rating and a $195.00 price target for the company. 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, Oracle presently has an average rating of "Moderate Buy" and an average target price of $178.65.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the 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 sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 2,448,328 shares of company stock worth $453,791,001. 42.20% of the stock is currently owned by corporate 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.