TigerOak Management L.L.C. Takes $270,000 Position in Oracle Co. (NYSE:ORCL)

TigerOak Management L.L.C. acquired a new position in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 1,623 shares of the enterprise software provider’s stock, valued at approximately $270,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Oracle in the 4th quarter worth $25,000. Winch Advisory Services LLC increased its stake in shares of Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after purchasing an additional 87 shares in the last quarter. TFC Financial Management Inc. increased its stake in Oracle by 129.0% in 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 in the last quarter. Reston Wealth Management LLC purchased a new stake in Oracle in the 3rd quarter worth $44,000. Finally, Synergy Asset Management LLC purchased a new stake in Oracle in the 4th quarter worth $47,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Piper Sandler increased their price target on Oracle from $185.00 to $210.00 and gave the stock an “overweight” rating in a research note on Tuesday, December 10th. Jefferies Financial Group increased their price target on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Morgan Stanley increased their price target on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. BMO Capital Markets increased their price target on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Finally, UBS Group raised their price objective on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have issued a buy rating and two have issued a strong buy rating to the company’s stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Down 0.2 %

Shares of NYSE ORCL opened at $173.50 on Friday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $485.27 billion, a P/E ratio of 42.42, a PEG ratio of 3.39 and a beta of 1.05. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The firm has a 50-day simple moving average of $169.33 and a two-hundred day simple moving average of $165.59.

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

Oracle Announces Dividend

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

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s 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 directly 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 sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 42.20% of the company’s stock.

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.