Catalina Capital Group LLC Buys 328 Shares of Oracle Co. (NYSE:ORCL)

Catalina Capital Group LLC raised its stake in Oracle Co. (NYSE:ORCL) by 2.6% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 13,032 shares of the enterprise software provider’s stock after buying an additional 328 shares during the period. Catalina Capital Group LLC’s holdings in Oracle were worth $2,172,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in the stock. R Squared Ltd purchased a new stake in Oracle during the fourth quarter valued at about $25,000. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% during the 4th 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 last quarter. Reston Wealth Management LLC purchased a new position in shares of Oracle during the 3rd quarter valued at about $44,000. Synergy Asset Management LLC bought a new stake in Oracle in the 4th quarter worth approximately $47,000. Finally, Avondale Wealth Management purchased a new stake in Oracle in the third quarter worth approximately $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms have commented on ORCL. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Evercore ISI lifted their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Stifel Nicolaus upped their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a research report on Tuesday, December 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Saturday. Finally, Royal Bank of Canada reissued a “sector perform” rating and issued a $165.00 target price on shares of Oracle in a research note on Thursday, December 5th. 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 assigned a strong buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Trading Down 0.3 %

NYSE ORCL opened at $169.91 on Monday. The firm has a market capitalization of $475.24 billion, a PE ratio of 41.54, a P/E/G ratio of 3.35 and a beta of 1.05. The stock’s 50 day moving average is $171.89 and its 200 day moving average is $163.41. 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 announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business 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%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 EPS. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio is 39.12%.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Company insiders own 42.20% of the company’s stock.

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.