285 Shares in Oracle Co. (NYSE:ORCL) Acquired by Halbert Hargrove Global Advisors LLC

Halbert Hargrove Global Advisors LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 285 shares of the enterprise software provider’s stock, valued at approximately $47,000.

Other hedge funds and other institutional investors have also recently bought and sold shares of the company. R Squared Ltd acquired a new position in Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its position in 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 acquiring an additional 87 shares in the last quarter. TFC Financial Management Inc. lifted its position in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares in the last quarter. Synergy Asset Management LLC acquired a new position in Oracle during the 4th quarter worth approximately $47,000. Finally, Activest Wealth Management increased its holdings in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after purchasing an additional 56 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of ORCL opened at $166.09 on Friday. 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 12 month low of $110.36 and a 12 month high of $198.31. The stock has a fifty day moving average price of $168.93 and a 200 day moving average price of $168.60. The company has a market cap of $464.55 billion, a P/E ratio of 40.61, a PEG ratio of 3.46 and a beta of 1.05.

Oracle (NYSE:ORCL) last announced 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 return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the firm posted $1.34 EPS. The company’s revenue was up 8.6% compared to the same quarter last year. On average, research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.96%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ORCL shares. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Evercore ISI lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. BMO Capital Markets lifted their price objective on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. UBS Group lifted their price objective on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and an average target price of $182.73.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction on Wednesday, January 22nd. The stock was 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 $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this link. 42.20% of the stock is currently owned by 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.