bLong Financial LLC Acquires Shares of 1,720 Oracle Co. (NYSE:ORCL)

bLong Financial LLC bought a new stake in Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,720 shares of the enterprise software provider’s stock, valued at approximately $287,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Everhart Financial Group Inc. increased its position in shares of Oracle by 5.0% in the 4th quarter. Everhart Financial Group Inc. now owns 12,793 shares of the enterprise software provider’s stock worth $2,132,000 after purchasing an additional 605 shares during the last quarter. TigerOak Management L.L.C. bought a new position in Oracle during the 4th quarter worth approximately $270,000. Congress Asset Management Co. grew its position in shares of Oracle by 2.5% in the 4th quarter. Congress Asset Management Co. now owns 110,095 shares of the enterprise software provider’s stock worth $18,346,000 after acquiring an additional 2,654 shares in the last quarter. Roxbury Financial LLC bought a new stake in shares of Oracle in the 4th quarter valued at approximately $169,000. Finally, Members Trust Co raised its position in shares of Oracle by 2.9% during the 4th quarter. Members Trust Co now owns 2,479 shares of the enterprise software provider’s stock valued at $413,000 after acquiring an additional 69 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Upgrades and Downgrades

A number of equities analysts have commented on the stock. Evercore ISI lifted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective for the company. in a research report on Friday, December 20th. BNP Paribas raised shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, February 11th. Finally, Mizuho raised their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. One equities 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 issued a strong buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

Oracle Trading Down 0.2 %

Shares of Oracle stock opened at $173.50 on Friday. The business has a fifty day simple moving average of $169.33 and a 200-day simple moving average of $165.59. Oracle Co. has a fifty-two week low of $106.51 and a fifty-two week high of $198.31. The firm has a market cap of $485.27 billion, a price-to-earnings ratio of 42.42, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. 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 issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The business had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the company posted $1.34 earnings per share. On average, equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 345,174 shares of the stock in a transaction on 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 42.20% of the stock is owned by corporate 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.