Stonebridge Financial Group LLC Invests $421,000 in Oracle Co. (NYSE:ORCL)

Stonebridge Financial Group LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, HoldingsChannel.com reports. The firm acquired 2,526 shares of the enterprise software provider’s stock, valued at approximately $421,000.

A number of other institutional investors also recently bought and sold shares of ORCL. R Squared Ltd bought a new stake in shares of Oracle during the 4th quarter valued at $25,000. Winch Advisory Services LLC lifted its position in Oracle by 89.7% during 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 in the last quarter. Reston Wealth Management LLC purchased a new stake in Oracle in the third quarter worth about $44,000. Synergy Asset Management LLC bought a new position in shares of Oracle in the fourth quarter worth about $47,000. Finally, Friedenthal Financial purchased a new position in shares of Oracle during the 3rd quarter valued at about $51,000. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of the firm’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 transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

A number of equities research analysts have commented on ORCL shares. Guggenheim raised their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Royal Bank of Canada restated a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. KeyCorp upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. BMO Capital Markets raised their price target on Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Finally, Jefferies Financial Group upped their price objective on Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $182.73.

Oracle Trading Down 1.0 %

ORCL opened at $177.18 on Wednesday. The stock has a 50-day moving average of $170.37 and a 200 day moving average of $164.97. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 12 month low of $106.51 and a 12 month high of $198.31. The firm has a market cap of $495.56 billion, a P/E ratio of 43.32, a P/E/G ratio of 3.39 and a beta of 1.05.

Oracle (NYSE:ORCL) last announced its 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion during the quarter, compared to analysts’ expectations of $14.12 billion. During the same quarter last year, the firm posted $1.34 EPS. Oracle’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Oracle Company 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.