Stonebridge Financial Group LLC Takes $421,000 Position in Oracle Co. (NYSE:ORCL)

Stonebridge Financial Group LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent filing with the SEC. The fund bought 2,526 shares of the enterprise software provider’s stock, valued at approximately $421,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. State Street Corp grew its position in shares of Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock valued at $12,003,241,000 after acquiring an additional 1,847,561 shares during the period. Geode Capital Management LLC lifted its stake in Oracle by 2.6% in the third quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock valued at $5,977,015,000 after purchasing an additional 885,041 shares during the last quarter. Franklin Resources Inc. grew its holdings 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 purchasing an additional 1,917,416 shares during the period. Fisher Asset Management LLC grew its holdings in Oracle by 1.8% during the third quarter. Fisher Asset Management LLC now owns 17,898,029 shares of the enterprise software provider’s stock valued at $3,049,824,000 after purchasing an additional 310,709 shares during the period. Finally, Janus Henderson Group PLC increased its position in Oracle by 0.4% in the third quarter. Janus Henderson Group PLC now owns 14,608,951 shares of the enterprise software provider’s stock worth $2,489,345,000 after buying an additional 54,868 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Down 1.0 %

Shares of NYSE ORCL opened at $177.18 on Wednesday. The stock has a market cap of $495.56 billion, a P/E ratio of 43.32, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. 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 1 year low of $106.51 and a 1 year high of $198.31. The firm has a 50-day moving average of $170.37 and a 200 day moving average of $164.97.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 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 company had revenue of $14.06 billion during the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the firm earned $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. Oracle’s payout ratio is presently 39.12%.

Insider Transactions at Oracle

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

Analysts Set New Price Targets

Several research firms have recently weighed in on ORCL. KeyCorp increased their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. DA Davidson increased their price target on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. BMO Capital Markets increased their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

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.