Resurgent Financial Advisors LLC Buys 2,877 Shares of Oracle Co. (NYSE:ORCL)

Resurgent Financial Advisors LLC increased its stake in Oracle Co. (NYSE:ORCL - Free Report) by 117.9% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 5,318 shares of the enterprise software provider's stock after purchasing an additional 2,877 shares during the period. Resurgent Financial Advisors LLC's holdings in Oracle were worth $886,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Requisite Capital Management LLC increased its holdings in shares of Oracle by 2.8% during the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider's stock valued at $373,000 after acquiring an additional 60 shares in the last quarter. Cookson Peirce & Co. Inc. grew its position in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares during the last quarter. McLean Asset Management Corp increased its stake in Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider's stock valued at $908,000 after purchasing an additional 61 shares in the last quarter. Warther Private Wealth LLC raised its holdings in Oracle by 1.8% in the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after buying an additional 63 shares during the last quarter. Finally, Howard Bailey Securities LLC lifted its stake in shares of Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after buying an additional 64 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

NYSE ORCL traded down $1.20 on Friday, reaching $128.56. The company had a trading volume of 8,919,409 shares, compared to its average volume of 9,309,665. The firm's 50 day moving average price is $151.82 and its 200 day moving average price is $166.61. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. The stock has a market capitalization of $359.58 billion, a PE ratio of 31.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. 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 (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle's revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter last year, the business earned $1.41 EPS. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. Oracle's dividend payout ratio is 46.95%.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 2,453,328 shares of company stock valued at $454,439,851 in the last ninety days. Insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages have commented on ORCL. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Citigroup cut their target price on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Bank of America dropped their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Mizuho cut their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday. Finally, JPMorgan Chase & Co. lowered their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a report 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 data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $176.73.

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.