Retirement Solution LLC Invests $304,000 in Oracle Co. (NYSE:ORCL)

Retirement Solution LLC bought a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 1,824 shares of the enterprise software provider's stock, valued at approximately $304,000.

A number of other institutional investors and hedge funds have also modified their holdings of the stock. R Squared Ltd purchased a new position in Oracle in the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its position in 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 buying an additional 87 shares in the last quarter. Synergy Investment Management LLC purchased a new position in Oracle during the fourth quarter worth approximately $34,000. TFC Financial Management Inc. boosted its stake in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after buying an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in Oracle in the 4th quarter valued at $47,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Up 3.3 %

NYSE ORCL traded up $4.95 on Friday, hitting $155.89. 12,628,662 shares of the stock were exchanged, compared to its average volume of 11,632,912. Oracle Co. has a fifty-two week low of $111.18 and a fifty-two week high of $198.31. The company has a 50-day moving average price of $167.63 and a 200-day moving average price of $169.51. The company has a market cap of $436.01 billion, a PE ratio of 38.11, a PEG ratio of 3.46 and a beta of 1.07. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Dividend Announcement

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

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company's stock in a transaction that occurred on Wednesday, January 22nd. The stock was 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. This represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent research reports. JMP Securities reissued a "market outperform" rating and set a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. KeyCorp boosted their target price on shares of Oracle from $190.00 to $200.00 and gave the company an "overweight" rating in a report on Friday, November 15th. Royal Bank of Canada restated a "sector perform" rating and set a $165.00 price target on shares of Oracle in a report on Thursday, December 5th. DA Davidson lifted their price target on shares of Oracle from $140.00 to $150.00 and gave the company a "neutral" rating in a research report on Tuesday, December 10th. Finally, StockNews.com lowered Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Twelve analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $182.73.

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.