Thoroughbred Financial Services LLC Purchases 9,293 Shares of Oracle Co. (NYSE:ORCL)

Thoroughbred Financial Services LLC lifted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 74.9% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 21,698 shares of the enterprise software provider's stock after acquiring an additional 9,293 shares during the period. Thoroughbred Financial Services LLC's holdings in Oracle were worth $3,615,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. R Squared Ltd acquired a new stake in Oracle in the fourth quarter worth $25,000. Winch Advisory Services LLC boosted its position in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at about $34,000. TFC Financial Management Inc. increased its position in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in Oracle during the 4th quarter worth approximately $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of research reports. KeyCorp reissued an "overweight" rating and issued a $200.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Jefferies Financial Group decreased their price target on shares of Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Monday. StockNews.com lowered shares of Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Barclays decreased their target price on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Thirteen analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $178.65.

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Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the firm's stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,118,592 shares of the company's stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through this link. Corporate insiders own 42.20% of the company's stock.

Oracle Price Performance

Shares of Oracle stock traded down $9.06 on Friday, reaching $128.17. The stock had a trading volume of 14,968,758 shares, compared to its average volume of 9,095,138. The company has a market cap of $358.48 billion, a P/E ratio of 31.34, a price-to-earnings-growth ratio of 3.46 and a beta of 1.22. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31. The business's 50 day moving average is $160.05 and its two-hundred day moving average is $169.33. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last released 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 analysts' expectations of $14.40 billion. During the same period in the previous year, the business earned $1.41 EPS. The business's revenue was up 6.4% on a year-over-year basis. As a group, research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business 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 1.56%. 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 currently 46.95%.

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.