Naples Money Management LLC Takes $94,000 Position in Oracle Co. (NYSE:ORCL)

Naples Money Management LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 891 shares of the enterprise software provider’s stock, valued at approximately $94,000.

A number of other large investors have also recently made changes to their positions in the stock. Tanager Wealth Management LLP purchased a new stake in shares of Oracle during the fourth quarter valued at $223,000. Martin Capital Advisors LLP lifted its stake in Oracle by 1.0% in the fourth quarter. Martin Capital Advisors LLP now owns 16,783 shares of the enterprise software provider’s stock worth $1,769,000 after acquiring an additional 170 shares during the period. Resonant Capital Advisors LLC lifted its stake in Oracle by 5.9% in the fourth quarter. Resonant Capital Advisors LLC now owns 24,044 shares of the enterprise software provider’s stock worth $2,535,000 after acquiring an additional 1,335 shares during the period. Zhang Financial LLC lifted its stake in Oracle by 20.3% in the fourth quarter. Zhang Financial LLC now owns 9,892 shares of the enterprise software provider’s stock worth $1,043,000 after acquiring an additional 1,672 shares during the period. Finally, Ninepoint Partners LP purchased a new stake in Oracle in the fourth quarter worth about $663,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

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 value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, 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. 42.80% of the stock is currently owned by insiders.

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. HSBC upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. The Goldman Sachs Group boosted their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. KeyCorp began coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Finally, William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle Price Performance

Shares of NYSE:ORCL traded down $1.11 during midday trading on Friday, reaching $114.89. 8,250,334 shares of the company’s stock traded hands, compared to its average volume of 8,594,157. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77. The company has a market cap of $315.78 billion, a P/E ratio of 30.66, a PEG ratio of 2.30 and a beta of 1.01. 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 fifty day simple moving average of $119.27 and a two-hundred day simple moving average of $112.80.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. Oracle’s payout ratio is currently 42.22%.

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.