Maytree Asset Management Ltd Invests $850,000 in Oracle Co. (NYSE:ORCL)

Maytree Asset Management Ltd purchased a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The firm purchased 5,100 shares of the enterprise software provider's stock, valued at approximately $850,000. Oracle comprises 1.9% of Maytree Asset Management Ltd's investment portfolio, making the stock its 7th largest holding.

A number of other hedge funds also recently modified their holdings of the stock. R Squared Ltd purchased a new stake in shares of Oracle during the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC lifted its position in shares of 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 acquiring an additional 87 shares in the last quarter. TFC Financial Management Inc. boosted 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 acquiring an additional 120 shares during the period. Reston Wealth Management LLC purchased a new position in shares of Oracle in the third quarter valued at $44,000. Finally, Synergy Asset Management LLC bought a new stake in shares of Oracle during the 4th quarter valued at $47,000. Institutional investors own 42.44% of the company's stock.

Oracle Trading Down 4.6 %

Shares of NYSE:ORCL traded down $8.08 on Friday, hitting $167.92. The company had a trading volume of 7,844,019 shares, compared to its average volume of 12,044,818. The firm's 50-day simple moving average is $169.10 and its two-hundred day simple moving average is $166.74. The firm has a market capitalization of $469.66 billion, a price-to-earnings ratio of 41.06, a P/E/G ratio of 3.57 and a beta of 1.05. 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 1 year low of $109.66 and a 1 year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The business's revenue was up 8.6% compared to the same quarter last year. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's dividend payout ratio is 39.12%.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on the company. Morgan Stanley lifted their target price on Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a report on Tuesday, December 10th. StockNews.com lowered shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday. JMP Securities reissued a "market outperform" rating and issued a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Evercore ISI raised their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an "outperform" rating in a research report on Tuesday, December 10th. Finally, UBS Group upped their target price on shares of Oracle from $200.00 to $210.00 and gave the stock a "buy" rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $182.73.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the business's stock in a transaction on Friday, January 24th. The stock was 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 in the company, valued at $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. 42.20% of the stock is currently owned by insiders.

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.