Oracle Co. (NYSE:ORCL) Shares Bought by New York Life Investment Management LLC

New York Life Investment Management LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 1.3% in the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 217,069 shares of the enterprise software provider’s stock after acquiring an additional 2,833 shares during the quarter. New York Life Investment Management LLC’s holdings in Oracle were worth $36,172,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. R Squared Ltd acquired a new position in shares of Oracle during the 4th quarter worth $25,000. Winch Advisory Services LLC raised its stake 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 worth $31,000 after buying an additional 87 shares during the last quarter. TFC Financial Management Inc. raised 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 worth $35,000 after buying an additional 120 shares during the last quarter. Reston Wealth Management LLC acquired a new position in shares of Oracle during the 3rd quarter worth $44,000. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the 4th quarter worth $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. 42.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ORCL has been the subject of several research reports. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Monness Crespi & Hardt cut 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. KeyCorp lifted their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Morgan Stanley lifted their price objective on Oracle from $145.00 to $175.00 and gave the stock an “equal weight” rating in a research report on Tuesday, December 10th. Finally, Stifel Nicolaus lifted their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Stock Up 2.3 %

Shares of NYSE:ORCL opened at $172.37 on Thursday. The stock has a 50-day simple moving average of $169.08 and a 200-day simple moving average of $168.15. The stock has a market capitalization of $482.11 billion, a P/E ratio of 42.14, a PEG ratio of 3.46 and a beta of 1.05. 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 Co. has a 1 year low of $109.79 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last released its quarterly 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 revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm posted $1.34 earnings per share. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.