Norden Group LLC Acquires 4,491 Shares of Oracle Co. (NYSE:ORCL)

Norden Group LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 12.6% in the fourth quarter, HoldingsChannel.com reports. The fund owned 40,094 shares of the enterprise software provider’s stock after purchasing an additional 4,491 shares during the period. Oracle accounts for about 0.8% of Norden Group LLC’s investment portfolio, making the stock its 24th largest holding. Norden Group LLC’s holdings in Oracle were worth $6,681,000 at the end of the most recent quarter.

Other large investors have also recently modified their holdings of the company. R Squared Ltd bought a new stake in shares of Oracle during the 4th quarter valued at about $25,000. Winch Advisory Services LLC lifted its position in Oracle by 89.7% in 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. lifted its position 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 last quarter. Synergy Asset Management LLC bought a new stake in Oracle in the 4th quarter worth approximately $47,000. Finally, Activest Wealth Management lifted its position in Oracle by 21.9% in the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after buying an additional 56 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction on Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on ORCL shares. Guggenheim boosted their target price on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Cantor Fitzgerald downgraded Oracle to an “overweight” rating in a research report on Monday, February 10th. DA Davidson boosted their target price on Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. Mizuho boosted their target price on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Jefferies Financial Group boosted their price objective on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Price Performance

Shares of ORCL stock opened at $166.09 on Friday. The stock has a market cap of $464.55 billion, a price-to-earnings ratio of 40.61, a PEG ratio of 3.46 and a beta of 1.05. The business’s fifty day moving average is $168.93 and its 200 day moving average is $168.60. Oracle Co. has a twelve month low of $110.36 and a twelve month 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 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). The firm had revenue of $14.06 billion during 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%. Oracle’s revenue for the quarter was up 8.6% on a year-over-year basis. During the same period in the previous year, the company earned $1.34 earnings per share. Research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.96%. Oracle’s dividend payout ratio is currently 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.