Boston Financial Mangement LLC Has $2.50 Million Stock Position in Oracle Co. (NYSE:ORCL)

Boston Financial Mangement LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 4.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 15,010 shares of the enterprise software provider’s stock after purchasing an additional 697 shares during the quarter. Boston Financial Mangement LLC’s holdings in Oracle were worth $2,501,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Maytree Asset Management Ltd bought a new position in shares of Oracle during the 4th quarter worth about $850,000. Advyzon Investment Management LLC acquired a new position in Oracle in the fourth quarter worth about $554,000. Meitav Investment House Ltd. bought a new position in Oracle during the fourth quarter worth about $401,000. Handelsbanken Fonder AB boosted its holdings in Oracle by 32.1% during the fourth quarter. Handelsbanken Fonder AB now owns 726,118 shares of the enterprise software provider’s stock valued at $121,000,000 after purchasing an additional 176,575 shares in the last quarter. Finally, Wealth Alliance grew its stake in shares of Oracle by 16.3% in the 4th quarter. Wealth Alliance now owns 16,483 shares of the enterprise software provider’s stock valued at $2,747,000 after purchasing an additional 2,309 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Performance

Oracle stock opened at $176.01 on Friday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company’s 50-day moving average is $169.10 and its two-hundred day moving average is $166.74. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $492.30 billion, a PE ratio of 43.04, a PEG ratio of 3.54 and a beta of 1.05.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter in the prior year, the company earned $1.34 earnings per share. The company’s quarterly revenue was up 8.6% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.91%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analysts Set New Price Targets

Several research firms recently commented on ORCL. Mizuho raised their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. KeyCorp increased their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. Stifel Nicolaus boosted their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research note on Tuesday, December 10th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research report on Friday, December 20th. Finally, BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred 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 owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 42.20% of the stock is currently owned by corporate insiders.

Oracle 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.