19,940 Shares in Oracle Co. (NYSE:ORCL) Purchased by Atala Financial Inc

Atala Financial Inc purchased a new position in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm purchased 19,940 shares of the enterprise software provider’s stock, valued at approximately $3,323,000. Oracle makes up 2.3% of Atala Financial Inc’s portfolio, making the stock its 10th largest position.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Activest Wealth Management boosted its stake in shares of Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after acquiring an additional 56 shares in the last quarter. Second Line Capital LLC boosted its stake in shares of Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares in the last quarter. Cadence Bank boosted its stake in shares of Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after acquiring an additional 59 shares in the last quarter. Requisite Capital Management LLC boosted its stake in shares of Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock worth $373,000 after acquiring an additional 60 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. boosted its stake in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 2.3 %

Shares of NYSE ORCL opened at $147.41 on Friday. The company has a 50 day simple moving average of $166.14 and a 200-day simple moving average of $169.34. The company has a market capitalization of $412.30 billion, a P/E ratio of 36.04, a P/E/G ratio of 3.46 and a beta of 1.07. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1 year low of $112.78 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter last year, the business posted $1.41 EPS. The firm’s revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.36%. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is 39.12%.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

ORCL has been the topic of a number of research reports. Stifel Nicolaus decreased their price target on shares of Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday. Morgan Stanley decreased their price target on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research note on Tuesday. Jefferies Financial Group raised their price target on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research note on Thursday, December 5th. UBS Group reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday. Finally, Cantor Fitzgerald decreased their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research note on Tuesday. Twelve investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $179.71.

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.