Full Sail Capital LLC Acquires 85 Shares of Oracle Co. (NYSE:ORCL)

by · The Markets Daily

Full Sail Capital LLC grew its holdings in Oracle Co. (NYSE:ORCL – Free Report) by 4.4% during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 2,034 shares of the enterprise software provider’s stock after acquiring an additional 85 shares during the period. Full Sail Capital LLC’s holdings in Oracle were worth $339,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the business. R Squared Ltd purchased a new position in Oracle during the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC raised its position 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 purchasing an additional 87 shares during the period. Hurley Capital LLC bought a new stake in shares of Oracle during the 4th quarter valued at $33,000. Synergy Investment Management LLC purchased a new position in shares of Oracle during the 4th quarter valued at $34,000. Finally, TFC Financial Management Inc. boosted its holdings in Oracle by 129.0% in 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 period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently commented on ORCL shares. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Morgan Stanley lowered their price target on Oracle from $170.00 to $160.00 and set an “equal weight” rating on the stock in a report on Wednesday, April 16th. BMO Capital Markets cut their price objective on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday, March 11th. Cantor Fitzgerald lowered their target price on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Finally, Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $174.42.

Check Out Our Latest Stock Analysis on Oracle

Oracle Price Performance

Shares of ORCL stock opened at $150.18 on Friday. The company’s 50-day simple moving average is $142.12 and its two-hundred day simple moving average is $163.02. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a one year low of $114.55 and a one year high of $198.31. The company has a market capitalization of $420.05 billion, a P/E ratio of 36.72, a P/E/G ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL – Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.41 earnings per share. As a group, equities analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.33%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Insider Buying and Selling

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. The trade was a 7.93 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold 27,366 shares of company stock valued at $4,015,723 over the last 90 days. Corporate insiders own 42.20% of the company’s stock.

Oracle Company Profile

(Free Report)

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.

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