Flaharty Asset Management LLC Increases Position in Oracle Co. (NYSE:ORCL)

Flaharty Asset Management LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 41.2% in the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund owned 2,069 shares of the enterprise software provider’s stock after purchasing an additional 604 shares during the period. Flaharty Asset Management LLC’s holdings in Oracle were worth $218,000 at the end of the most recent reporting period.

A number of other 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 valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its holdings in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new position in shares of Oracle in the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC grew its position in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after buying an additional 317 shares during the last quarter. Finally, BOK Financial Private Wealth Inc. boosted its stake in Oracle by 139.4% in 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 period. 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 stock in a transaction on Tuesday, March 26th. The shares were 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 directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. 42.80% of the stock is owned by company insiders.

Oracle Stock Down 0.4 %

Shares of Oracle stock traded down $0.46 on Monday, reaching $116.75. 1,188,404 shares of the company were exchanged, compared to its average volume of 8,386,947. The company has a 50-day moving average of $119.42 and a 200 day moving average of $113.16. Oracle Co. has a one year low of $93.85 and a one year high of $132.77. The company has a market capitalization of $320.89 billion, a price-to-earnings ratio of 30.93, a PEG ratio of 2.35 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 (NYSE:ORCL) last issued 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. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the previous year, the company posted $0.96 earnings per share. The business’s revenue was up 7.1% on a year-over-year basis. On average, equities research analysts forecast that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on ORCL shares. HSBC raised their price target on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. KeyCorp assumed coverage on shares of Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. BMO Capital Markets upped their target price on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. Finally, William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

About Oracle

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.