Tucker Asset Management LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Tucker Asset Management LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 99.0% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 410 shares of the enterprise software provider’s stock after buying an additional 204 shares during the quarter. Tucker Asset Management LLC’s holdings in Oracle were worth $68,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. R Squared Ltd purchased a new position in shares of Oracle in the 4th quarter valued at approximately $25,000. Winch Advisory Services LLC boosted its position 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 buying an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in Oracle in the 4th quarter valued at about $34,000. TFC Financial Management Inc. grew its position in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in Oracle in the 4th quarter valued at approximately $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $140.75 on Friday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The stock has a market cap of $393.67 billion, a PE ratio of 34.41, a PEG ratio of 3.46 and a beta of 1.07. The firm’s fifty day moving average price is $163.94 and its two-hundred day moving average price is $170.22.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 6.4% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.41 earnings per share. On average, equities analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.42%. Oracle’s dividend payout ratio is currently 46.95%.

Analyst Upgrades and Downgrades

Several equities analysts recently issued reports on the stock. JPMorgan Chase & Co. reduced their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price objective on shares of Oracle and gave the stock a “sector perform” rating in a research note on Tuesday, March 11th. Morgan Stanley cut their target price on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday, March 11th. UBS Group restated a “market perform” rating on shares of Oracle in a report on Tuesday, March 11th. Finally, Stifel Nicolaus cut their target price on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research report on Tuesday, March 11th. Thirteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $179.20.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Corporate insiders own 42.20% of the company’s stock.

Oracle 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.