Successful Portfolios LLC Buys Shares of 1,936 Oracle Co. (NYSE:ORCL)

Successful Portfolios LLC purchased a new position in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,936 shares of the enterprise software provider’s stock, valued at approximately $204,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in Oracle during the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE grew its stake in shares of Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of Oracle during the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC grew its stake in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after buying an additional 317 shares in the last quarter. Finally, BluePath Capital Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth $45,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. 42.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several equities analysts have commented on the company. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Morgan Stanley dropped their target price on Oracle from $107.00 to $106.00 and set an “equal weight” rating for the company in a research report on Tuesday, December 12th. HSBC lifted their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Evercore ISI decreased their price objective on shares of Oracle from $135.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. Finally, BMO Capital Markets boosted their price objective on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Ten investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Performance

Shares of ORCL stock traded up $0.34 during mid-day trading on Thursday, reaching $125.61. The stock had a trading volume of 6,500,161 shares, compared to its average volume of 9,213,877. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 1-year low of $89.71 and a 1-year high of $132.77. The business’s fifty day moving average is $116.38 and its 200-day moving average is $111.47. The firm has a market cap of $345.24 billion, a price-to-earnings ratio of 33.23, a PEG ratio of 2.45 and a beta of 1.00.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period in the prior year, the business posted $0.96 earnings per share. On average, research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be given a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.27%. Oracle’s payout ratio is currently 42.22%.

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.