Stenger Family Office LLC Buys New Shares in Oracle Co. (NYSE:ORCL)

Stenger Family Office LLC bought a new position in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 10,107 shares of the enterprise software provider's stock, valued at approximately $1,684,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Vanguard Group Inc. raised its holdings in Oracle by 1.5% during the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after buying an additional 2,296,069 shares in the last quarter. FMR LLC boosted its holdings in shares of Oracle by 0.4% during the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after buying an additional 156,269 shares during the period. Geode Capital Management LLC raised its holdings in Oracle by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after acquiring an additional 619,619 shares during the period. Franklin Resources Inc. boosted its holdings in Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after acquiring an additional 1,722,037 shares during the period. Finally, Fisher Asset Management LLC grew its position in shares of Oracle by 0.5% in the fourth quarter. Fisher Asset Management LLC now owns 17,995,664 shares of the enterprise software provider's stock valued at $2,998,798,000 after purchasing an additional 97,635 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction on Friday, April 11th. The shares were 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 owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 2,453,328 shares of company stock valued at $454,439,851. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Down 0.9 %

Shares of Oracle stock traded down $1.20 during trading on Friday, hitting $128.56. 8,919,409 shares of the company were exchanged, compared to its average volume of 9,320,254. The firm has a market capitalization of $359.58 billion, a P/E ratio of 31.43, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. The firm's fifty day moving average price is $150.85 and its 200 day moving average price is $166.34. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last posted its 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 return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the business posted $1.41 earnings per share. The company's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

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

Wall Street Analyst Weigh In

Several brokerages recently weighed in on ORCL. UBS Group restated a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. Cantor Fitzgerald dropped their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Stifel Nicolaus decreased their price objective on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a report on Tuesday, March 11th. Guggenheim reaffirmed a "buy" rating and set a $220.00 price objective on shares of Oracle in a report on Thursday, April 3rd. Finally, Morgan Stanley cut their target price on Oracle from $170.00 to $160.00 and set an "equal weight" rating for the company in a research report on Wednesday. Thirteen analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average target price 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.