4,074 Shares in Oracle Co. (NYSE:ORCL) Bought by Manuka Financial LLC

Manuka Financial LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund purchased 4,074 shares of the enterprise software provider’s stock, valued at approximately $679,000. Oracle comprises approximately 0.5% of Manuka Financial LLC’s investment portfolio, making the stock its 23rd largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd bought a new position in Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC boosted its stake in shares of 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 purchasing an additional 87 shares during the period. Reston Wealth Management LLC bought a new position in shares of Oracle in the third quarter worth approximately $44,000. Synergy Asset Management LLC purchased a new position in shares of Oracle in the fourth quarter worth $47,000. Finally, Avondale Wealth Management bought a new stake in Oracle during the 3rd quarter valued at $51,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Down 0.3 %

ORCL opened at $169.91 on Friday. The stock has a market capitalization of $475.24 billion, a price-to-earnings ratio of 41.54, a PEG ratio of 3.19 and a beta of 1.06. The firm has a 50 day moving average price of $171.89 and a 200-day moving average price of $163.26. Oracle Co. has a twelve month low of $106.51 and a twelve 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 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 firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company earned $1.34 earnings per share. Equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Saturday. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research report on Thursday, December 5th. Evercore ISI lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a report on Friday, December 20th. Finally, KeyCorp lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. One analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Buying and Selling

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. 42.20% of the stock is owned by insiders.

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.