Trek Financial LLC Acquires 450 Shares of Oracle Co. (NYSE:ORCL)

Trek Financial LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 3.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 12,861 shares of the enterprise software provider’s stock after acquiring an additional 450 shares during the quarter. Trek Financial LLC’s holdings in Oracle were worth $2,143,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd bought a new position in shares of Oracle during the 4th quarter worth about $25,000. Winch Advisory Services LLC grew its position in Oracle by 89.7% during the fourth 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. Hurley Capital LLC bought a new position in Oracle during the fourth quarter valued at about $33,000. Synergy Investment Management LLC acquired a new position in Oracle in the 4th quarter valued at approximately $34,000. Finally, TFC Financial Management Inc. lifted its position in shares of 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 acquiring an additional 120 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of analysts have recently issued reports on ORCL shares. Mizuho boosted their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. JPMorgan Chase & Co. lowered their price target on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a report on Tuesday, March 11th. Cantor Fitzgerald reduced their price objective on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a report on Tuesday, March 11th. Guggenheim reissued a “buy” rating and issued a $220.00 target price on shares of Oracle in a research note on Thursday. Finally, BMO Capital Markets cut their price target on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research note on Tuesday, March 11th. Thirteen investment analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus price target of $178.65.

Oracle Stock Performance

Shares of Oracle stock opened at $128.17 on Monday. The firm has a 50 day simple moving average of $160.05 and a 200 day simple moving average of $169.38. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. 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 firm has a market cap of $358.48 billion, a P/E ratio of 31.34, a P/E/G ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL) last released 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the firm earned $1.41 EPS. The company’s revenue was up 6.4% compared to the same quarter last year. Sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.56%. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is 46.95%.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 2,448,328 shares of company stock worth $453,791,001 in the last quarter. 42.20% of the stock is owned by company insiders.

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.