2,987 Shares in Oracle Co. (NYSE:ORCL) Bought by Hager Investment Management Services LLC

Hager Investment Management Services LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, HoldingsChannel reports. The firm bought 2,987 shares of the enterprise software provider’s stock, valued at approximately $498,000.

A number of other hedge funds also recently bought and sold shares of the business. Czech National Bank increased its stake in Oracle by 7.2% in the 3rd quarter. Czech National Bank now owns 325,610 shares of the enterprise software provider’s stock worth $55,484,000 after buying an additional 21,832 shares during the period. Miracle Mile Advisors LLC grew its holdings in Oracle by 14.3% during the 3rd quarter. Miracle Mile Advisors LLC now owns 17,652 shares of the enterprise software provider’s stock worth $3,008,000 after acquiring an additional 2,212 shares in the last quarter. Versant Capital Management Inc grew its holdings in Oracle by 1.7% during the 3rd quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after acquiring an additional 65 shares in the last quarter. Ignite Planners LLC grew its holdings in Oracle by 20.2% during the 3rd quarter. Ignite Planners LLC now owns 3,065 shares of the enterprise software provider’s stock worth $522,000 after acquiring an additional 515 shares in the last quarter. Finally, Affinity Capital Advisors LLC grew its holdings in Oracle by 12.9% during the 3rd quarter. Affinity Capital Advisors LLC now owns 1,836 shares of the enterprise software provider’s stock worth $313,000 after acquiring an additional 210 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.4 %

Shares of ORCL stock opened at $167.98 on Wednesday. The company’s 50-day moving average price is $171.50 and its 200-day moving average price is $163.79. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $469.83 billion, a price-to-earnings ratio of 41.07, a PEG ratio of 3.35 and a beta of 1.05. Oracle Co. has a twelve month low of $106.51 and a twelve month high of $198.31.

Oracle (NYSE:ORCL) last announced 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 for the quarter, compared to analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.34 EPS. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio (DPR) is currently 39.12%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction dated Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on ORCL. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Saturday. KeyCorp raised their price target on shares of Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a report on Friday, November 15th. BMO Capital Markets raised their price target on shares of Oracle from $173.00 to $205.00 and gave the company a “market perform” rating in a report on Tuesday, December 10th. Finally, Stifel Nicolaus raised their price target on shares of Oracle from $155.00 to $175.00 and gave the company a “hold” rating in a report on Tuesday, December 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating, eighteen have assigned a buy rating and two have given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

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.