Sierra Ocean LLC Purchases Shares of 3,575 Oracle Co. (NYSE:ORCL)

Sierra Ocean LLC purchased a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, HoldingsChannel reports. The fund purchased 3,575 shares of the enterprise software provider’s stock, valued at approximately $596,000. Oracle comprises approximately 0.5% of Sierra Ocean LLC’s portfolio, making the stock its 22nd biggest holding.

Other institutional investors and hedge funds have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in shares of Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC raised 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 valued at $31,000 after buying an additional 87 shares in the last quarter. TFC Financial Management Inc. raised its holdings in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares in the last quarter. Reston Wealth Management LLC purchased a new position in shares of Oracle during the 3rd quarter valued at about $44,000. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle during the 4th quarter valued at about $47,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction on Wednesday, January 22nd. The stock was 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. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. 42.20% of the stock is owned by company insiders.

Oracle Trading Down 0.2 %

NYSE ORCL opened at $173.50 on Monday. 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 Co. has a twelve month low of $106.51 and a twelve month high of $198.31. The firm has a market capitalization of $485.27 billion, a PE ratio of 42.42, a P/E/G ratio of 3.39 and a beta of 1.05. The stock’s 50 day moving average is $169.33 and its 200 day moving average is $165.80.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.34 earnings per share. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.92%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on ORCL shares. Cantor Fitzgerald started coverage on Oracle in a report on Friday, January 17th. They set an “overweight” rating and a $214.00 price objective on the stock. BNP Paribas raised Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. Jefferies Financial Group raised their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. BMO Capital Markets raised their price objective on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Finally, KeyCorp lifted their price target on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research note on Friday, November 15th. One analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price 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.