Naples Money Management LLC Buys Shares of 891 Oracle Co. (NYSE:ORCL)

Naples Money Management LLC bought a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, Holdings Channel.com reports. The institutional investor bought 891 shares of the enterprise software provider’s stock, valued at approximately $94,000.

Other large investors also recently bought and sold shares of the company. Orion Capital Management LLC acquired a new stake in Oracle in the third quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE grew its holdings in Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares during the last quarter. Spartan Planning & Wealth Management acquired a new stake in Oracle in the third quarter valued at $27,000. Cornerstone Planning Group LLC boosted its stake in shares of Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after acquiring an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. boosted its stake in shares of Oracle by 139.4% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 216 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Insiders own 42.80% of the company’s stock.

Oracle Trading Down 1.0 %

Shares of Oracle stock traded down $1.11 during trading hours on Friday, reaching $114.89. The stock had a trading volume of 8,250,334 shares, compared to its average volume of 8,594,157. The firm has a 50 day simple moving average of $119.27 and a two-hundred day simple moving average of $112.80. The firm has a market capitalization of $315.78 billion, a price-to-earnings ratio of 30.66, a P/E/G ratio of 2.30 and a beta of 1.01. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 1 year low of $93.29 and a 1 year high of $132.77.

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

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be given a dividend of $0.40 per share. 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 dividend payout ratio is currently 42.22%.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ORCL shares. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, March 21st. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a research note on Friday, December 22nd. Finally, BMO Capital Markets increased their price objective on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. Eleven research analysts have rated the stock with a hold rating and fourteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $130.76.

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.