Nemes Rush Group LLC Boosts Position in Oracle Co. (NYSE:ORCL)

Nemes Rush Group LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 11.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 20,357 shares of the enterprise software provider's stock after buying an additional 2,140 shares during the period. Nemes Rush Group LLC's holdings in Oracle were worth $3,392,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in the business. Principal Financial Group Inc. lifted its position in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after acquiring an additional 121,874 shares during the last quarter. McClarren Financial Advisors Inc. lifted its holdings in shares of Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $266,000 after purchasing an additional 1,069 shares during the last quarter. RMR Wealth Builders boosted its position in shares of Oracle by 383.4% in the 4th quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider's stock valued at $1,192,000 after purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC grew its stake in Oracle by 24.8% during the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider's stock worth $27,428,000 after buying an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust acquired a new position in Oracle during the fourth quarter worth approximately $1,800,000. 42.44% of the stock is owned by institutional investors and hedge funds.

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Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business'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 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 filing with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is owned by company insiders.

Oracle Trading Up 2.8 %

Shares of Oracle stock traded up $4.02 during mid-day trading on Wednesday, hitting $145.96. 11,539,620 shares of the stock were exchanged, compared to its average volume of 9,021,120. The company has a 50-day simple moving average of $162.91 and a 200 day simple moving average of $170.02. 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 stock has a market capitalization of $408.24 billion, a price-to-earnings ratio of 35.69, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31.

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

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders 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 yield of 1.37%. 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 dividend payout ratio (DPR) is presently 46.95%.

Analyst Ratings Changes

A number of brokerages have recently issued reports on ORCL. JMP Securities restated a "market outperform" rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. DA Davidson reaffirmed a "neutral" rating and issued a $150.00 target price on shares of Oracle in a report on Tuesday, March 11th. Citigroup decreased their target price on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research note on Wednesday, March 12th. Barclays dropped their price target on Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Finally, KeyCorp reiterated an "overweight" rating and issued a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $178.65.

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.