Oracle Co. (NYSE:ORCL) Shares Acquired by AlphaStar Capital Management LLC

AlphaStar Capital Management LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 8.1% during the 4th quarter, according to the company in its most recent filing with the SEC. The fund owned 11,416 shares of the enterprise software provider’s stock after acquiring an additional 853 shares during the quarter. AlphaStar Capital Management LLC’s holdings in Oracle were worth $1,902,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in the stock. R Squared Ltd acquired a new position in shares of Oracle in the fourth quarter worth $25,000. Winch Advisory Services LLC boosted its holdings in Oracle by 89.7% in the fourth 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. Reston Wealth Management LLC purchased a new stake in Oracle during the 3rd quarter worth about $44,000. Synergy Asset Management LLC acquired a new stake in Oracle in the 4th quarter valued at about $47,000. Finally, Avondale Wealth Management acquired a new position in shares of Oracle during the third quarter worth about $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 1.3 %

Shares of NYSE:ORCL opened at $174.53 on Friday. The company has a market capitalization of $488.15 billion, a P/E ratio of 42.67, a P/E/G ratio of 3.39 and a beta of 1.05. The stock’s fifty day simple moving average is $170.42 and its 200-day simple moving average is $164.35. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). The firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 8.6% compared to the same quarter last year. During the same quarter last year, the firm earned $1.34 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.92%. Oracle’s payout ratio is currently 39.12%.

Insider Buying and Selling

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

Analysts Set New Price Targets

A number of equities analysts recently commented on ORCL shares. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price for the company. in a research note on Friday, December 20th. Evercore ISI boosted their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, UBS Group lifted their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have given a buy rating and two have given a strong buy rating to the company’s stock. According to MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average price target of $182.73.

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.