Hurley Capital LLC Invests $33,000 in Oracle Co. (NYSE:ORCL)

Hurley Capital LLC bought a new stake in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent filing with the SEC. The fund bought 187 shares of the enterprise software provider’s stock, valued at approximately $33,000.

A number of other hedge funds have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Oracle during the 4th quarter worth about $25,000. Winch Advisory Services LLC boosted 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 worth $31,000 after purchasing an additional 87 shares in the last quarter. Synergy Investment Management LLC acquired a new stake in Oracle in the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. increased its position in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $47,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity 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 in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the business’s stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 2,448,328 shares of company stock worth $453,791,001. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $128.17 on Friday. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. 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 50 day moving average price is $160.05 and its 200-day moving average price is $169.34. The firm has a market cap of $358.48 billion, a P/E ratio of 31.34, a P/E/G ratio of 3.46 and a beta of 1.22.

Oracle (NYSE:ORCL) last released its quarterly earnings results 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 quarterly revenue was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.41 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.56%. Oracle’s dividend payout ratio is 46.95%.

Analysts Set New Price Targets

Several brokerages recently commented on ORCL. Mizuho boosted their price target on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Evercore ISI cut their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Citigroup decreased their price target on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. DA Davidson reiterated a “neutral” rating and set a $150.00 price objective on shares of Oracle in a research note on Tuesday, March 11th. Finally, Morgan Stanley decreased their target price on Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, sixteen have given a buy rating and one has given a strong buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $178.65.

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.