Garrison Point Advisors LLC Invests $5.87 Million in Oracle Co. (NYSE:ORCL)

Garrison Point Advisors LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to the company in its most recent filing with the SEC. The fund bought 35,200 shares of the enterprise software provider’s stock, valued at approximately $5,866,000. Oracle accounts for 2.8% of Garrison Point Advisors LLC’s investment portfolio, making the stock its 6th biggest position.

A number of other institutional investors have also modified their holdings of the company. R Squared Ltd purchased a new position in Oracle in the fourth 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 during the period. Hurley Capital LLC acquired a new position in Oracle during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new position in Oracle in the 4th quarter worth approximately $34,000. Finally, TFC Financial Management Inc. grew its position in Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after acquiring an additional 120 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have recently commented on ORCL shares. JMP Securities reissued a “market outperform” rating and set a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and issued a $200.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, DA Davidson reissued a “neutral” rating and issued a $150.00 price target on shares of Oracle in a report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, sixteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $178.65.

Oracle Price Performance

Shares of NYSE ORCL opened at $128.17 on Friday. 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 firm has a market capitalization of $358.48 billion, a PE ratio of 31.34, a P/E/G ratio of 3.46 and a beta of 1.22. Oracle Co. has a 1-year low of $112.78 and a 1-year high of $198.31. The business’s fifty day moving average price is $160.05 and its two-hundred day moving average price is $169.34.

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

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.56%. The ex-dividend date is Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is 46.95%.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction dated 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 sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This represents a 5.46 % decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 2,448,328 shares of company stock worth $453,791,001. Company insiders own 42.20% of the company’s stock.

Oracle 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.