5,150 Shares in Oracle Co. (NYSE:ORCL) Acquired by Act Two Investors LLC

Act Two Investors LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm purchased 5,150 shares of the enterprise software provider’s stock, valued at approximately $543,000.

Several other hedge funds have also modified their holdings of the stock. Orion Capital Management LLC acquired a new stake in Oracle in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of Oracle during the third quarter worth about $27,000. Tidemark LLC purchased a new position in shares of Oracle during the fourth quarter worth about $29,000. Finally, Nordwand Advisors LLC purchased a new position in shares of Oracle during the fourth quarter worth about $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock worth $110,488,150 over the last 90 days. Company insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ORCL shares. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. BMO Capital Markets lifted their price target on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. HSBC boosted their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Finally, Oppenheimer assumed coverage on shares of Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. Ten analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Down 1.0 %

Shares of Oracle stock traded down $1.18 on Friday, reaching $122.91. 7,173,435 shares of the company were exchanged, compared to its average volume of 6,129,077. Oracle Co. has a one year low of $98.77 and a one year high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a 50-day moving average of $121.31 and a 200 day moving average of $115.03. The company has a market capitalization of $337.82 billion, a price-to-earnings ratio of 32.43, a PEG ratio of 2.86 and a beta of 1.03.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same quarter last year, the company posted $0.96 earnings per share. On average, equities research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.30%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

About Oracle

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.