Sunpointe LLC Buys 123 Shares of Oracle Co. (NYSE:ORCL)

Sunpointe LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 2.2% during the 4th quarter, HoldingsChannel reports. The firm owned 5,696 shares of the enterprise software provider’s stock after acquiring an additional 123 shares during the period. Sunpointe LLC’s holdings in Oracle were worth $949,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. R Squared Ltd acquired a new stake in shares of Oracle during the fourth quarter valued at about $25,000. Winch Advisory Services LLC raised its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after buying an additional 87 shares during the last quarter. TFC Financial Management Inc. boosted its position in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after buying an additional 120 shares during the period. Reston Wealth Management LLC bought a new stake in Oracle during the 3rd quarter worth approximately $44,000. Finally, Synergy Asset Management LLC acquired a new position in Oracle in the 4th quarter valued at approximately $47,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently weighed in on ORCL shares. Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research note on Thursday, December 5th. Citigroup raised their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Mizuho lifted their price objective on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research note on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus upped their price objective 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. One equities research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Performance

Shares of ORCL stock opened at $181.51 on Thursday. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The firm has a market capitalization of $507.68 billion, a PE ratio of 44.38, a price-to-earnings-growth ratio of 3.43 and a beta of 1.05. The firm has a fifty day simple moving average of $169.09 and a two-hundred day simple moving average of $166.67. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.88%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Oracle Company 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.