1,987 Shares in Oracle Co. (NYSE:ORCL) Bought by MIG Capital LLC

MIG Capital LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor purchased 1,987 shares of the enterprise software provider’s stock, valued at approximately $331,000.

Other large investors have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in shares of Oracle during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC increased its position in 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 purchasing an additional 87 shares during the period. Hurley Capital LLC bought a new position in Oracle in the 4th quarter worth $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle in the 4th quarter worth about $34,000. Finally, TFC Financial Management Inc. boosted its stake 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 purchasing an additional 120 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently issued reports on the company. Guggenheim reissued a “buy” rating and issued a $220.00 target price on shares of Oracle in a research report on Thursday. Mizuho raised their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a research report on Monday, March 3rd. KeyCorp reissued an “overweight” rating and set a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Finally, DA Davidson restated a “neutral” rating and issued a $150.00 price objective on shares of Oracle in a report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, sixteen have issued a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $178.65.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred 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 completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction 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 owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,448,328 shares of company stock valued at $453,791,001. Company insiders own 42.20% of the company’s stock.

Oracle Trading Down 6.6 %

Shares of NYSE:ORCL opened at $128.17 on Friday. The stock’s 50-day simple moving average is $160.05 and its two-hundred day simple moving average is $169.34. The stock has a market capitalization of $358.48 billion, a price-to-earnings ratio of 31.34, a PEG ratio of 3.46 and a beta of 1.22. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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 return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the previous year, the business posted $1.41 EPS. The business’s quarterly revenue was up 6.4% compared to the same quarter last year. Analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

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.