OFI Invest Asset Management Purchases Shares of 285,577 Oracle Co. (NYSE:ORCL)

OFI Invest Asset Management acquired a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 285,577 shares of the enterprise software provider's stock, valued at approximately $45,957,000. Oracle makes up 1.1% of OFI Invest Asset Management's investment portfolio, making the stock its 23rd biggest holding.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new stake in shares of Oracle in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC grew its stake in shares of Oracle by 89.7% in 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 during the period. Synergy Investment Management LLC bought a new stake in shares of Oracle in the fourth quarter worth approximately $34,000. TFC Financial Management Inc. grew its stake 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. Finally, Synergy Asset Management LLC bought a new stake in shares of Oracle in the fourth quarter worth approximately $47,000. 42.44% of the stock is currently owned by institutional investors.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the company's stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.20% of the company's stock.

Remove Ads

Analysts Set New Price Targets

ORCL has been the subject of several recent research reports. Stifel Nicolaus boosted their target price on shares of Oracle from $155.00 to $175.00 and gave the company a "hold" rating in a research report on Tuesday, December 10th. Jefferies Financial Group boosted their target price on shares of Oracle from $190.00 to $220.00 and gave the company a "buy" rating in a research report on Thursday, December 5th. StockNews.com lowered shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Guggenheim restated a "buy" rating and set a $220.00 target price on shares of Oracle in a research report on Wednesday. Finally, Morgan Stanley lifted their price target on shares of Oracle from $145.00 to $175.00 and gave the company an "equal weight" rating in a report on Tuesday, December 10th. Twelve research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $182.73.

Oracle Trading Up 3.3 %

ORCL stock traded up $4.95 during mid-day trading on Friday, reaching $155.89. 12,628,662 shares of the stock traded hands, compared to its average volume of 11,632,912. The business has a 50-day moving average price of $167.63 and a two-hundred day moving average price of $169.51. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $436.01 billion, a PE ratio of 38.11, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a one year low of $111.18 and a one year high of $198.31.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend was Friday, January 10th. Oracle's payout ratio is presently 39.12%.

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.