Flynn Zito Capital Management LLC Has $352,000 Holdings in Oracle Co. (NYSE:ORCL)

Flynn Zito Capital Management LLC increased its position in Oracle Co. (NYSE:ORCL) by 4.4% during the 4th quarter, HoldingsChannel.com reports. The fund owned 3,336 shares of the enterprise software provider’s stock after buying an additional 140 shares during the period. Flynn Zito Capital Management LLC’s holdings in Oracle were worth $352,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors have also recently bought and sold shares of the company. Fairfield Bush & CO. increased its holdings in shares of Oracle by 3.1% during the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock worth $6,105,000 after purchasing an additional 2,221 shares during the period. AMI Investment Management Inc. increased its holdings in shares of Oracle by 2.9% during the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock worth $1,693,000 after purchasing an additional 579 shares during the period. Baird Financial Group Inc. increased its stake in Oracle by 29.2% in the first quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after acquiring an additional 132,920 shares during the period. Zions Bancorporation N.A. increased its stake in Oracle by 79.6% in the first quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock valued at $567,000 after acquiring an additional 3,038 shares during the period. Finally, Covestor Ltd increased its stake in Oracle by 125.2% in the first quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after acquiring an additional 1,109 shares during the period. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. The Goldman Sachs Group upped their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, March 21st. Erste Group Bank restated a “hold” rating on shares of Oracle in a research report on Friday, December 22nd. Finally, Oppenheimer initiated coverage on shares of Oracle in a research report on Thursday. They issued a “market perform” rating on the stock. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Trading Down 2.2 %

NYSE:ORCL traded down $2.67 during trading hours on Thursday, hitting $116.00. The stock had a trading volume of 6,633,474 shares, compared to its average volume of 8,575,121. Oracle Co. has a one year low of $93.29 and a one year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market cap of $318.83 billion, a price-to-earnings ratio of 31.31, a P/E/G ratio of 2.33 and a beta of 1.01. The business’s 50 day moving average is $119.28 and its 200-day moving average is $112.78.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the prior year, the company posted $0.96 earnings per share. The firm’s revenue was up 7.1% on a year-over-year basis. Sell-side analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. Corporate insiders own 42.80% of the company’s stock.

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.