City National Bank of Florida MSD Buys New Position in Oracle Co. (NYSE:ORCL)

City National Bank of Florida MSD purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 1,642 shares of the enterprise software provider’s stock, valued at approximately $274,000.

Several other hedge funds also recently made changes to their positions in ORCL. R Squared Ltd acquired a new position in Oracle during the fourth quarter valued at approximately $25,000. Hurley Capital LLC bought a new stake in shares of Oracle during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. boosted its holdings 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 buying an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle in the fourth quarter valued at $36,000. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several analysts have issued reports on ORCL shares. Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the stock a “sector perform” rating in a research report on Tuesday, March 11th. JMP Securities reaffirmed a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a report on Wednesday, January 22nd. JPMorgan Chase & Co. cut their target price on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Finally, Mizuho dropped their price objective on Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research note on Tuesday, April 15th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus target price of $174.42.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $157.28 on Thursday. The stock has a market capitalization of $439.92 billion, a PE ratio of 38.46, a P/E/G ratio of 3.46 and a beta of 1.27. Oracle Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The business has a fifty day moving average price of $143.49 and a two-hundred day moving average price of $162.32.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company 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 last year, the firm earned $1.41 EPS. As a group, equities analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. The ex-dividend date was Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.27%. Oracle’s dividend payout ratio is presently 46.95%.

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.