DecisionPoint Financial LLC Grows Stock Position in Oracle Co. (NYSE:ORCL)

DecisionPoint Financial LLC grew its stake in Oracle Co. (NYSE:ORCL) by 28.8% during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 805 shares of the enterprise software provider’s stock after purchasing an additional 180 shares during the period. DecisionPoint Financial LLC’s holdings in Oracle were worth $134,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Principal Financial Group Inc. raised its holdings in shares of Oracle by 5.3% during the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after acquiring an additional 121,874 shares during the period. RMR Wealth Builders raised its stake in Oracle by 383.4% during the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock worth $1,192,000 after purchasing an additional 5,675 shares during the period. Foundations Investment Advisors LLC boosted its holdings in Oracle by 24.8% in the 4th quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after purchasing an additional 32,718 shares during the last quarter. Crews Bank & Trust purchased a new stake in shares of Oracle in the 4th quarter valued at approximately $1,800,000. Finally, Chase Investment Counsel Corp acquired a new stake in shares of Oracle during the 3rd quarter worth approximately $4,160,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Oracle Trading Up 1.3 %

ORCL opened at $174.53 on Monday. The firm has a market cap of $488.15 billion, a price-to-earnings ratio of 42.67, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The business’s 50 day moving average is $170.42 and its two-hundred day moving average is $164.50. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last announced its earnings results 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). The business had revenue of $14.06 billion for 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%. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the company posted $1.34 EPS. On average, research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Wall Street Analyst Weigh In

ORCL has been the subject of several analyst reports. Royal Bank of Canada reiterated a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research report on Friday, December 20th. UBS Group upped their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Finally, Citigroup raised their price target on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $182.73.

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.