Coordinated Financial Services Inc. Acquires Shares of 1,905 Oracle Co. (NYSE:ORCL)

Coordinated Financial Services Inc. bought a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 1,905 shares of the enterprise software provider’s stock, valued at approximately $317,000.

Other hedge funds also recently made changes to their positions in the company. Principal Financial Group Inc. raised its stake in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares during the period. McClarren Financial Advisors Inc. raised its stake in shares of Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after purchasing an additional 1,069 shares during the period. RMR Wealth Builders raised its stake in shares of Oracle by 383.4% during the 4th 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 shares of Oracle by 24.8% during the 4th 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. Finally, Crews Bank & Trust bought a new stake in shares of Oracle during the 4th quarter worth $1,800,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

NYSE:ORCL opened at $155.89 on Friday. The business has a 50 day moving average of $167.63 and a 200 day moving average of $169.30. The company has a market capitalization of $436.01 billion, a price-to-earnings ratio of 38.11, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 1-year low of $111.18 and a 1-year high of $198.31. 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 (NYSE:ORCL) last released its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.34 EPS. On average, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ORCL. Guggenheim reissued a “buy” rating and issued a $220.00 price objective on shares of Oracle in a report on Wednesday. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Morgan Stanley lifted their price objective on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a report on Tuesday, December 10th. Mizuho lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Finally, 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. Twelve equities research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $182.73.

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.