PFG Investments LLC Acquires 1,677 Shares of Oracle Co. (NYSE:ORCL)

PFG Investments LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.6% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 38,479 shares of the enterprise software provider’s stock after purchasing an additional 1,677 shares during the period. PFG Investments LLC’s holdings in Oracle were worth $6,412,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Susquehanna Fundamental Investments LLC bought a new position in shares of Oracle during the second quarter valued at approximately $1,516,000. SkyView Investment Advisors LLC lifted its position in Oracle by 30.4% during the second quarter. SkyView Investment Advisors LLC now owns 5,185 shares of the enterprise software provider’s stock valued at $732,000 after acquiring an additional 1,209 shares during the last quarter. Aviso Wealth Management lifted its position in Oracle by 7.5% during the second quarter. Aviso Wealth Management now owns 3,375 shares of the enterprise software provider’s stock valued at $476,000 after acquiring an additional 235 shares during the last quarter. Creative Planning lifted its position in Oracle by 23.1% during the second quarter. Creative Planning now owns 744,571 shares of the enterprise software provider’s stock valued at $105,133,000 after acquiring an additional 139,513 shares during the last quarter. Finally, Magnolia Capital Advisors LLC lifted its position in Oracle by 91.0% during the second quarter. Magnolia Capital Advisors LLC now owns 12,869 shares of the enterprise software provider’s stock valued at $1,817,000 after acquiring an additional 6,130 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total value of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts recently commented on ORCL shares. UBS Group increased their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research report on Tuesday, December 10th. Citigroup increased their target price on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. BMO Capital Markets increased their target price on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a research report on Tuesday, December 10th. Sanford C. Bernstein raised their price target on shares of Oracle from $201.00 to $202.00 and gave the stock an “outperform” rating in a report on Monday, September 30th. Finally, JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have assigned a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Stock Down 1.5 %

ORCL stock opened at $183.59 on Monday. The firm has a market cap of $513.50 billion, a PE ratio of 44.89, a P/E/G ratio of 3.62 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm’s fifty day moving average is $174.41 and its 200 day moving average is $162.64. Oracle Co. has a one year low of $106.51 and a one 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 firm had revenue of $14.06 billion for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.34 EPS. On average, research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company 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. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.87%. Oracle’s dividend payout ratio 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.