JAT Capital Mgmt LP Makes New Investment in Oracle Co. (NYSE:ORCL)

JAT Capital Mgmt LP acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 126,433 shares of the enterprise software provider’s stock, valued at approximately $21,069,000. Oracle comprises about 3.3% of JAT Capital Mgmt LP’s portfolio, making the stock its 8th biggest position.

Other hedge funds also recently modified their holdings of the company. R Squared Ltd acquired a new stake in shares of Oracle in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC lifted its holdings 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 worth $31,000 after acquiring an additional 87 shares during the period. Hurley Capital LLC bought a new position in Oracle in the 4th quarter valued at approximately $33,000. Synergy Investment Management LLC bought a new position in Oracle in the 4th quarter valued at approximately $34,000. Finally, TFC Financial Management Inc. increased its position in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, 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 sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93 % decrease in their position. The disclosure for this sale can be found here. Corporate insiders own 42.20% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $140.75 on Wednesday. The firm has a market capitalization of $393.67 billion, a P/E ratio of 34.41, a PEG ratio of 3.46 and a beta of 1.22. Oracle Co. has a 52 week low of $113.65 and a 52 week high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm’s 50 day moving average is $145.01 and its two-hundred day moving average is $164.44.

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

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent research reports. Guggenheim reissued a “buy” rating and set a $220.00 price objective on shares of Oracle in a report on Thursday, April 3rd. Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a “sector perform” rating in a report on Tuesday, March 11th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Stifel Nicolaus decreased their price objective on Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. Finally, Bank of America reduced their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating for the company in a report on Tuesday, March 11th. Fourteen 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. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $174.42.

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.