2,042 Shares in Oracle Co. (NYSE:ORCL) Acquired by Prodigy Asset Management LLC

Prodigy Asset Management LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The firm purchased 2,042 shares of the enterprise software provider’s stock, valued at approximately $340,000. Oracle comprises about 0.3% of Prodigy Asset Management LLC’s investment portfolio, making the stock its 14th largest holding.

Other hedge funds have also added to or reduced their stakes in the company. R Squared Ltd bought a new position in Oracle during the 4th quarter worth $25,000. Winch Advisory Services LLC increased its stake in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the period. Hurley Capital LLC bought a new position in Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle in the 4th quarter valued at $34,000. Finally, TFC Financial Management Inc. increased its stake in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 0.1%

Shares of ORCL opened at $162.44 on Thursday. The company has a market capitalization of $454.34 billion, a PE ratio of 39.72, a PEG ratio of 3.46 and a beta of 1.27. Oracle Co. has a 12 month low of $114.55 and a 12 month high of $198.31. The stock’s 50-day moving average price is $142.39 and its two-hundred day moving average price is $162.75. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.23%. This is an increase from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle’s payout ratio is currently 46.95%.

Wall Street Analyst Weigh In

Several equities analysts have recently issued reports on the company. Stifel Nicolaus decreased their price target on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. Morgan Stanley decreased their price target on Oracle from $170.00 to $160.00 and set an “equal weight” rating on the stock in a research note on Wednesday, April 16th. KeyCorp reiterated an “overweight” rating and issued a $200.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Citigroup decreased their price target on Oracle from $194.00 to $160.00 and set a “neutral” rating on the stock in a research note on Wednesday, March 12th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $174.42.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director now directly owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock valued at $4,015,723 in the last ninety days. 42.20% of the stock is owned by company insiders.

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.