Impact Capital Partners LLC Makes New $4.06 Million Investment in Oracle Co. (NYSE:ORCL)

Impact Capital Partners LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 24,379 shares of the enterprise software provider’s stock, valued at approximately $4,063,000. Oracle comprises 1.4% of Impact Capital Partners LLC’s portfolio, making the stock its 10th largest holding.

Several other hedge funds have also recently modified their holdings of the stock. Raymond James Financial Inc. acquired a new position in Oracle in the 4th quarter valued at about $930,095,000. Franklin Resources Inc. grew its position in Oracle by 11.6% during the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after acquiring an additional 1,917,416 shares during the period. State Street Corp increased its position in shares of Oracle by 2.7% in the third quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after acquiring an additional 1,847,561 shares in the last quarter. Amundi boosted its position in shares of Oracle by 15.2% in the fourth quarter. Amundi now owns 12,327,164 shares of the enterprise software provider’s stock worth $2,012,943,000 after buying an additional 1,623,609 shares during the period. Finally, Proficio Capital Partners LLC raised its stake in shares of Oracle by 3,805.0% during the fourth quarter. Proficio Capital Partners LLC now owns 966,571 shares of the enterprise software provider’s stock valued at $161,069,000 after purchasing an additional 941,819 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of several research analyst reports. Citigroup reduced their price target on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research report on Wednesday. Mizuho lifted their target price on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Bank of America dropped their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday. Jefferies Financial Group raised their target price on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Finally, BNP Paribas raised Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.85.

Oracle Trading Up 4.8 %

NYSE ORCL opened at $151.17 on Thursday. The company has a market capitalization of $422.81 billion, a price-to-earnings ratio of 36.96, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company’s 50-day simple moving average is $166.51 and its two-hundred day simple moving average is $169.49.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the company earned $1.41 EPS. Oracle’s quarterly revenue was up 6.4% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.32%. Oracle’s dividend payout ratio (DPR) is 39.12%.

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.