Absoluto Partners Gestao de Recursos Ltda Takes $1.50 Million Position in Oracle Co. (NYSE:ORCL)

Absoluto Partners Gestao de Recursos Ltda bought a new position in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 8,998 shares of the enterprise software provider’s stock, valued at approximately $1,499,000. Oracle makes up approximately 1.4% of Absoluto Partners Gestao de Recursos Ltda’s portfolio, making the stock its 19th largest position.

Other institutional investors and hedge funds have also bought and sold shares of the company. Accredited Wealth Management LLC acquired a new stake in Oracle in the fourth quarter valued at $753,000. Alight Capital Management LP raised its holdings in shares of Oracle by 33.3% in the 4th quarter. Alight Capital Management LP now owns 40,000 shares of the enterprise software provider’s stock valued at $6,666,000 after purchasing an additional 10,000 shares during the period. 1248 Management LLC acquired a new stake in Oracle in the 4th quarter valued at about $836,000. 4WEALTH Advisors Inc. bought a new position in Oracle during the fourth quarter worth about $310,000. Finally, Acorn Financial Advisory Services Inc. ADV increased its position in Oracle by 17.9% during the fourth quarter. Acorn Financial Advisory Services Inc. ADV now owns 3,262 shares of the enterprise software provider’s stock worth $544,000 after buying an additional 496 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ORCL. DA Davidson cut their price objective on Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a research report on Monday, April 14th. Mizuho cut their price target on Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a report on Tuesday, April 15th. Guggenheim reiterated a “buy” rating and issued a $220.00 price objective on shares of Oracle in a report on Thursday, April 3rd. Jefferies Financial Group cut their target price on shares of Oracle from $220.00 to $190.00 and set a “buy” rating for the company in a research note on Monday, March 31st. Finally, Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $174.42.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $7,538,339.30. This represents a 7.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their position. The disclosure for this sale can be found here. 42.20% of the stock is owned by corporate insiders.

Oracle Trading Up 3.6 %

Shares of ORCL stock opened at $150.77 on Friday. Oracle Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31. The stock’s fifty day moving average price is $143.62 and its two-hundred day moving average price is $163.90. 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 has a market cap of $421.70 billion, a PE ratio of 36.86, a P/E/G ratio of 3.46 and a beta of 1.22.

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

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a $0.50 dividend. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.33%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

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.