Strategic Blueprint LLC Buys 343 Shares of Oracle Co. (NYSE:ORCL)

Strategic Blueprint LLC lifted its position in Oracle Co. (NYSE:ORCL) by 6.5% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 5,639 shares of the enterprise software provider’s stock after purchasing an additional 343 shares during the quarter. Strategic Blueprint LLC’s holdings in Oracle were worth $940,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Hantz Financial Services Inc. lifted its holdings in Oracle by 19.4% during the 4th quarter. Hantz Financial Services Inc. now owns 275,531 shares of the enterprise software provider’s stock valued at $45,914,000 after purchasing an additional 44,844 shares during the last quarter. McKinley Carter Wealth Services Inc. raised its stake in shares of Oracle by 12.3% in the fourth quarter. McKinley Carter Wealth Services Inc. now owns 6,378 shares of the enterprise software provider’s stock valued at $1,063,000 after acquiring an additional 700 shares during the last quarter. BOCHK Asset Management Ltd acquired a new position in shares of Oracle in the 4th quarter worth approximately $10,515,000. Robeco Institutional Asset Management B.V. grew its position in Oracle by 104.3% during the 4th quarter. Robeco Institutional Asset Management B.V. now owns 1,648,040 shares of the enterprise software provider’s stock worth $274,629,000 after acquiring an additional 841,491 shares during the last quarter. Finally, Sumitomo Life Insurance Co. increased its holdings in Oracle by 26.5% during the 4th quarter. Sumitomo Life Insurance Co. now owns 30,429 shares of the enterprise software provider’s stock valued at $5,071,000 after purchasing an additional 6,374 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 5.2 %

Shares of Oracle stock opened at $170.41 on Friday. Oracle Co. has a 1 year low of $106.51 and a 1 year 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 company has a market capitalization of $476.62 billion, a P/E ratio of 41.66, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The business has a 50-day moving average of $172.79 and a two-hundred day moving average of $163.03.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.48 by ($0.01). The company had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the business posted $1.34 earnings per share. As a group, equities analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Insider Buying and Selling at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Company insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have commented on ORCL. UBS Group boosted their price objective on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research note on Tuesday, December 10th. KeyCorp upped their price target on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Monness Crespi & Hardt cut 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. Royal Bank of Canada reiterated a “sector perform” rating and set a $165.00 target price on shares of Oracle in a research report on Thursday, December 5th. Finally, Mizuho raised their price target on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $182.73.

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.