1,570 Shares in Oracle Co. (NYSE:ORCL) Bought by Hopwood Financial Services Inc.

Hopwood Financial Services Inc. bought a new stake in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, HoldingsChannel reports. The institutional investor bought 1,570 shares of the enterprise software provider’s stock, valued at approximately $262,000.

A number of other hedge funds have also added to or reduced their stakes in ORCL. Farther Finance Advisors LLC increased its stake in Oracle by 15.7% in the fourth quarter. Farther Finance Advisors LLC now owns 48,654 shares of the enterprise software provider’s stock valued at $8,108,000 after purchasing an additional 6,588 shares in the last quarter. Hollencrest Capital Management boosted its holdings in Oracle by 4.2% in the fourth quarter. Hollencrest Capital Management now owns 6,565 shares of the enterprise software provider’s stock worth $1,094,000 after acquiring an additional 264 shares in the last quarter. EverSource Wealth Advisors LLC increased its holdings in shares of Oracle by 3.0% during the fourth quarter. EverSource Wealth Advisors LLC now owns 14,727 shares of the enterprise software provider’s stock valued at $2,454,000 after acquiring an additional 426 shares in the last quarter. Sequoia Financial Advisors LLC lifted its holdings in shares of Oracle by 0.7% in the 4th quarter. Sequoia Financial Advisors LLC now owns 211,889 shares of the enterprise software provider’s stock worth $35,309,000 after purchasing an additional 1,527 shares in the last quarter. Finally, Summit X LLC grew its position in Oracle by 173.2% in the 4th quarter. Summit X LLC now owns 6,557 shares of the enterprise software provider’s stock valued at $1,093,000 after purchasing an additional 4,157 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Price Performance

Shares of Oracle stock opened at $144.29 on Wednesday. The business’s 50-day moving average price is $166.82 and its 200-day moving average price is $169.62. The firm has a market capitalization of $403.58 billion, a PE ratio of 35.28, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12 month low of $112.78 and a 12 month high of $198.31. 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) last released its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period last year, the firm posted $1.41 EPS. Sell-side analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.39%. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

A number of research firms have weighed in on ORCL. Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Guggenheim reiterated a “buy” rating and set a $220.00 price target on shares of Oracle in a research note on Wednesday, March 5th. Bank of America lowered their price objective on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a research note on Tuesday. Jefferies Financial Group lifted their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Finally, Mizuho raised their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Twelve investment analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $178.92.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were 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. The trade was a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is owned by corporate insiders.

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.