Retirement Solution LLC Buys New Position in Oracle Co. (NYSE:ORCL)

Retirement Solution LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, Holdings Channel reports. The institutional investor bought 1,824 shares of the enterprise software provider’s stock, valued at approximately $304,000.

Other hedge funds also recently added to or reduced their stakes in the company. Howard Capital Management Group LLC grew its stake in Oracle by 12.4% during the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock valued at $1,366,000 after purchasing an additional 883 shares during the last quarter. Impax Asset Management Group plc boosted its stake in shares of Oracle by 2.3% in the third quarter. Impax Asset Management Group plc now owns 2,325,268 shares of the enterprise software provider’s stock worth $395,295,000 after buying an additional 53,128 shares during the last quarter. Principal Financial Group Inc. boosted its stake in shares of Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after buying an additional 121,874 shares during the last quarter. Kornitzer Capital Management Inc. KS acquired a new position in Oracle in the 3rd quarter worth about $218,000. Finally, Summit Global Investments acquired a new position in Oracle in the 3rd quarter worth about $436,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated 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 in the company, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Insiders own 42.20% of the company’s stock.

Oracle Trading Up 3.3 %

Shares of NYSE:ORCL opened at $155.89 on Friday. The firm has a fifty day moving average of $167.63 and a two-hundred day moving average of $169.30. The firm has a market capitalization of $436.01 billion, a P/E ratio of 38.11, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. Oracle Co. has a 12-month low of $111.18 and a 12-month high of $198.31. 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 released 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 business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. 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 firm posted $1.34 EPS. On average, equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders 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 dividend yield of 1.03%. Oracle’s payout ratio is 39.12%.

Wall Street Analysts Forecast Growth

A number of brokerages have commented on ORCL. Monness Crespi & Hardt raised Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Morgan Stanley raised their target price on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research note on Tuesday, December 10th. Jefferies Financial Group lifted their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. Citigroup lifted their price target on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, Cantor Fitzgerald downgraded Oracle to an “overweight” rating in a report on Monday, February 10th. Twelve investment analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.