Stonebrook Private Inc. Acquires Shares of 2,982 Oracle Co. (NYSE:ORCL)

Stonebrook Private Inc. purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 2,982 shares of the enterprise software provider’s stock, valued at approximately $314,000.

Other large investors have also recently made changes to their positions in the company. Sandy Spring Bank boosted its stake in shares of Oracle by 1.4% during the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after purchasing an additional 1,107 shares during the period. LVM Capital Management Ltd. MI lifted its holdings in Oracle by 3.5% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after buying an additional 200 shares in the last quarter. Quantum Private Wealth LLC bought a new stake in Oracle during the 3rd quarter valued at about $229,000. Cooper Financial Group lifted its holdings in Oracle by 43.4% during the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after buying an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in Oracle during the 4th quarter valued at about $171,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research firms have recently commented on ORCL. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. KeyCorp began coverage on shares of Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. BMO Capital Markets boosted their price target on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, Oppenheimer began coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. Ten research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Stock Up 2.0 %

NYSE:ORCL opened at $117.21 on Monday. The company has a market cap of $322.15 billion, a PE ratio of 30.93, a P/E/G ratio of 2.35 and a beta of 1.01. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. 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’s 50 day moving average is $119.42 and its two-hundred day moving average is $113.16.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. Oracle’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $0.96 EPS. Analysts anticipate that Oracle Co. will post 4.44 EPS 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 dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio is presently 42.22%.

Insider Activity

In other 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 sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Insiders own 42.80% of the company’s stock.

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.