Oracle Co. (NYSE:ORCL) Shares Purchased by Fishman Jay A Ltd. MI

Fishman Jay A Ltd. MI grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.2% during the 4th quarter, HoldingsChannel.com reports. The firm owned 29,106 shares of the enterprise software provider’s stock after buying an additional 636 shares during the period. Oracle makes up approximately 0.5% of Fishman Jay A Ltd. MI’s investment portfolio, making the stock its 28th largest holding. Fishman Jay A Ltd. MI’s holdings in Oracle were worth $4,850,000 at the end of the most recent quarter.

Several other hedge funds have also modified their holdings of the business. Quent Capital LLC grew its holdings in Oracle by 1.2% during the fourth quarter. Quent Capital LLC now owns 13,589 shares of the enterprise software provider’s stock worth $2,264,000 after acquiring an additional 158 shares during the period. Community Bank & Trust Waco Texas grew its stake in shares of Oracle by 0.5% during the 4th quarter. Community Bank & Trust Waco Texas now owns 15,763 shares of the enterprise software provider’s stock worth $2,627,000 after purchasing an additional 72 shares during the period. Atlantic Edge Private Wealth Management LLC increased its holdings in shares of Oracle by 4.9% in the 4th quarter. Atlantic Edge Private Wealth Management LLC now owns 1,643 shares of the enterprise software provider’s stock valued at $274,000 after purchasing an additional 76 shares in the last quarter. Peterson Wealth Services acquired a new stake in shares of Oracle in the fourth quarter valued at about $1,471,000. Finally, Stonebridge Financial Group LLC purchased a new stake in Oracle during the fourth quarter worth about $421,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred 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 transaction, 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 position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Trading Down 1.0 %

ORCL stock opened at $177.18 on Wednesday. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The company has a market cap of $495.56 billion, a price-to-earnings ratio of 43.32, a PEG ratio of 3.39 and a beta of 1.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a fifty day simple moving average of $170.37 and a 200-day simple moving average of $164.97.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 firm had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the business earned $1.34 earnings per share. The business’s revenue for the quarter was up 8.6% compared to the same quarter last year. On average, equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ORCL. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Monness Crespi & Hardt lowered Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a report on Friday, December 20th. Citigroup lifted their price target on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average 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.