Montag A & Associates Inc. Purchases 1,009 Shares of Oracle Co. (NYSE:ORCL)

Montag A & Associates Inc. boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 3.7% during the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 27,925 shares of the enterprise software provider’s stock after buying an additional 1,009 shares during the period. Montag A & Associates Inc.’s holdings in Oracle were worth $2,944,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Orion Capital Management LLC bought a new stake in shares of Oracle in the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in shares of 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 acquiring an additional 182 shares during the last quarter. Spartan Planning & Wealth Management acquired a new position in shares of Oracle in the 3rd quarter worth approximately $27,000. Cornerstone Planning Group LLC grew its position in Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after acquiring an additional 317 shares during the last quarter. Finally, EdgeRock Capital LLC bought a new position in Oracle in the 4th quarter valued at $38,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on ORCL shares. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. HSBC increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. KeyCorp began coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target on the stock. Finally, The Goldman Sachs Group boosted their price objective on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Activity

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s 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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, CEO Safra Catz sold 790,000 shares of the 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 transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Insiders sold a total of 880,000 shares of company stock valued at $110,488,150 over the last three months. Insiders own 42.80% of the company’s stock.

Oracle Stock Down 0.7 %

Shares of Oracle stock traded down $0.82 during trading hours on Thursday, reaching $116.57. 3,236,172 shares of the company’s stock were exchanged, compared to its average volume of 8,150,866. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a 50 day moving average of $120.30 and a two-hundred day moving average of $113.59. The stock has a market cap of $320.39 billion, a P/E ratio of 30.78, a P/E/G ratio of 2.32 and a beta of 1.03. Oracle Co. has a fifty-two week low of $96.26 and a fifty-two week high of $132.77.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.37%. Oracle’s dividend payout ratio is 42.22%.

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.