9,480 Shares in Oracle Co. (NYSE:ORCL) Purchased by Oregon Pacific Wealth Management LLC

Oregon Pacific Wealth Management LLC bought a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 9,480 shares of the enterprise software provider’s stock, valued at approximately $1,580,000. Oracle makes up approximately 1.5% of Oregon Pacific Wealth Management LLC’s holdings, making the stock its 16th largest holding.

A number of other hedge funds also recently added to or reduced their stakes in the stock. Principal Financial Group Inc. grew its position in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares during the last quarter. RMR Wealth Builders raised its stake in Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC raised its stake in Oracle by 24.8% during the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock worth $27,428,000 after purchasing an additional 32,718 shares during the period. Crews Bank & Trust purchased a new position in Oracle during the fourth quarter worth approximately $1,800,000. Finally, Chase Investment Counsel Corp purchased a new position in shares of Oracle in the 3rd quarter valued at $4,160,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of a number of research reports. BMO Capital Markets raised their target price on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research note on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Mizuho boosted their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Guggenheim upped their target price on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, DA Davidson upped their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Down 0.3 %

Oracle stock opened at $169.91 on Monday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market capitalization of $475.24 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 3.35 and a beta of 1.05. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company’s fifty day moving average price is $171.89 and its two-hundred day moving average price is $163.41.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter last year, the company earned $1.34 earnings per share. The firm’s revenue was up 8.6% on a year-over-year basis. On average, analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. 42.20% of the stock is owned by corporate insiders.

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.