4,540 Shares in Oracle Co. (NYSE:ORCL) Purchased by DecisionMap Wealth Management LLC

DecisionMap Wealth Management LLC purchased a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, Holdings Channel reports. The fund purchased 4,540 shares of the enterprise software provider’s stock, valued at approximately $757,000.

Other institutional investors and hedge funds also recently modified their holdings of the company. Activest Wealth Management lifted its stake in Oracle by 21.9% in the third quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock valued at $53,000 after acquiring an additional 56 shares during the last quarter. Second Line Capital LLC lifted its stake in Oracle by 1.5% in the third quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock valued at $650,000 after acquiring an additional 58 shares during the last quarter. Cadence Bank lifted its stake in Oracle by 0.8% in the third quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock valued at $1,296,000 after acquiring an additional 59 shares during the last quarter. Requisite Capital Management LLC lifted its stake in Oracle by 2.8% in the fourth quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after acquiring an additional 60 shares during the last quarter. Finally, Cookson Peirce & Co. Inc. lifted its stake in Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after acquiring an additional 60 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 4.8 %

ORCL opened at $151.17 on Thursday. The firm’s 50-day simple moving average is $166.51 and its 200-day simple moving average is $169.49. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a twelve month low of $112.78 and a twelve month high of $198.31. The firm has a market cap of $422.81 billion, a price-to-earnings ratio of 36.96, a PEG ratio of 3.46 and a beta of 1.07.

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

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a yield of 1.32%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio is currently 39.12%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently commented on ORCL. JPMorgan Chase & Co. dropped their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research report on Tuesday. KeyCorp reissued an “overweight” rating and issued a $200.00 price target on shares of Oracle in a research report on Tuesday. Bank of America dropped their price target on shares of Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research report on Tuesday. JMP Securities reissued a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a research report on Wednesday, January 22nd. Finally, DA Davidson reissued a “neutral” rating and issued a $150.00 price target on shares of Oracle in a research report on Tuesday. 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 MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $176.85.

About Oracle

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.