Councilmark Asset Management LLC Acquires 111 Shares of Oracle Co. (NYSE:ORCL)

Councilmark Asset Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.4% during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 28,691 shares of the enterprise software provider’s stock after buying an additional 111 shares during the quarter. Oracle comprises 3.2% of Councilmark Asset Management LLC’s portfolio, making the stock its 9th biggest holding. Councilmark Asset Management LLC’s holdings in Oracle were worth $4,781,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of ORCL. R Squared Ltd bought a new stake in Oracle during the fourth quarter valued at about $25,000. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares during the period. Synergy Investment Management LLC bought a new stake in Oracle during the fourth quarter valued at about $34,000. TFC Financial Management Inc. boosted its holdings in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the period. Finally, Synergy Asset Management LLC bought a new stake in Oracle during the fourth quarter valued at about $47,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction on Wednesday, January 22nd. The shares were 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 of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by company insiders.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent analyst reports. Evercore ISI decreased their price target on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Cantor Fitzgerald reduced their target price on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research note on Tuesday, March 11th. Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Finally, Mizuho increased their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Twelve equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $179.71.

Oracle Stock Performance

Shares of Oracle stock opened at $149.48 on Wednesday. The firm has a fifty day moving average of $165.32 and a two-hundred day moving average of $170.01. The stock has a market capitalization of $418.10 billion, a price-to-earnings ratio of 36.55, a PEG ratio of 3.46 and a beta of 1.07. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. 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 (NYSE:ORCL) last issued its earnings results 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 business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business’s revenue was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 EPS. As a group, equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. Oracle’s payout ratio is 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.