Focus Financial Network Inc. Purchases 287 Shares of Oracle Co. (NYSE:ORCL)

Focus Financial Network Inc. boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.7% in the 4th quarter, Holdings Channel.com reports. The institutional investor owned 10,798 shares of the enterprise software provider’s stock after buying an additional 287 shares during the period. Focus Financial Network Inc.’s holdings in Oracle were worth $1,799,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in the business. R Squared Ltd purchased a new position in Oracle in the fourth quarter worth $25,000. Winch Advisory Services LLC increased its position in shares of Oracle by 89.7% during the 4th 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 during the last quarter. Reston Wealth Management LLC purchased a new position in shares of Oracle during the 3rd quarter valued at about $44,000. Synergy Asset Management LLC bought a new stake in Oracle in the 4th quarter worth approximately $47,000. Finally, Friedenthal Financial bought a new position in Oracle during the third quarter valued at approximately $51,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 1.0 %

Oracle stock opened at $177.18 on Wednesday. The firm has a market capitalization of $495.56 billion, a price-to-earnings ratio of 43.32, a P/E/G ratio of 3.39 and a beta of 1.05. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31. The firm 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 (NYSE:ORCL) last announced its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate 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 in the previous year, the firm earned $1.34 EPS. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. As a group, research 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. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.90%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently issued reports on the stock. Evercore ISI upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research note on Tuesday, December 10th. Guggenheim lifted their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. UBS Group raised their price target on Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a research report on Tuesday, December 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Finally, Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. One research 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, the company has an average rating of “Moderate Buy” and an average target price of $182.73.

Insider Transactions at Oracle

In other Oracle 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 owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Company insiders own 42.20% of the company’s stock.

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.