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

Tucker Asset Management LLC raised its stake in Oracle Co. (NYSE:ORCL) by 99.0% during the fourth quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 410 shares of the enterprise software provider’s stock after buying an additional 204 shares during the period. Tucker Asset Management LLC’s holdings in Oracle were worth $68,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Howard Capital Management Group LLC grew its position in shares of Oracle by 12.4% in the 3rd quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after buying an additional 883 shares during the period. Principal Financial Group Inc. increased its holdings in shares of Oracle by 5.3% in the 3rd quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock worth $411,748,000 after purchasing an additional 121,874 shares in the last quarter. United Bank grew its stake in shares of Oracle by 4.8% in the third quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock worth $1,948,000 after acquiring an additional 519 shares during the period. Fred Alger Management LLC lifted its position in Oracle by 4.6% during the third quarter. Fred Alger Management LLC now owns 28,210 shares of the enterprise software provider’s stock valued at $4,807,000 after purchasing an additional 1,240 shares during the period. Finally, Circle Wealth Management LLC boosted its holdings in Oracle by 45.3% in the third quarter. Circle Wealth Management LLC now owns 34,775 shares of the enterprise software provider’s stock worth $5,926,000 after purchasing an additional 10,836 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on 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 transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Down 3.5 %

Shares of ORCL opened at $140.75 on Friday. The firm has a market capitalization of $393.67 billion, a P/E ratio of 34.41, a P/E/G ratio of 3.46 and a beta of 1.07. 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 has a 50-day moving average price of $163.94 and a 200 day moving average price of $170.22. Oracle Co. has a 12-month low of $112.78 and a 12-month high of $198.31.

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

Oracle Increases Dividend

The company 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.42%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio is presently 46.95%.

Analyst Upgrades and Downgrades

A number of research firms recently issued reports on ORCL. Guggenheim reissued a “buy” rating and issued a $220.00 price objective on shares of Oracle in a report on Wednesday, March 5th. Jefferies Financial Group raised their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. JPMorgan Chase & Co. decreased their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Evercore ISI reduced their price target on Oracle from $200.00 to $185.00 and set an “outperform” rating on the stock in a report on Tuesday, March 11th. Finally, DA Davidson restated a “neutral” rating and set a $150.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $179.20.

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.