Tectonic Advisors LLC Raises Stake in Oracle Co. (NYSE:ORCL)

Tectonic Advisors LLC raised its position in Oracle Co. (NYSE:ORCL) by 8.8% during the fourth quarter, according to the company in its most recent disclosure with the SEC. The firm owned 20,106 shares of the enterprise software provider’s stock after acquiring an additional 1,620 shares during the quarter. Tectonic Advisors LLC’s holdings in Oracle were worth $3,350,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Czech National Bank lifted its position in shares of Oracle by 7.2% during the 3rd quarter. Czech National Bank now owns 325,610 shares of the enterprise software provider’s stock valued at $55,484,000 after acquiring an additional 21,832 shares during the period. Miracle Mile Advisors LLC lifted its stake in shares of Oracle by 14.3% in the 3rd quarter. Miracle Mile Advisors LLC now owns 17,652 shares of the enterprise software provider’s stock valued at $3,008,000 after purchasing an additional 2,212 shares during the last quarter. Versant Capital Management Inc increased its stake in Oracle by 1.7% in the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock valued at $674,000 after acquiring an additional 65 shares during the period. Ignite Planners LLC lifted its position in shares of Oracle by 20.2% during the third quarter. Ignite Planners LLC now owns 3,065 shares of the enterprise software provider’s stock worth $522,000 after purchasing an additional 515 shares in the last quarter. Finally, Affinity Capital Advisors LLC increased its stake in Oracle by 12.9% in the third quarter. Affinity Capital Advisors LLC now owns 1,836 shares of the enterprise software provider’s stock valued at $313,000 after purchasing an additional 210 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.4 %

ORCL opened at $167.98 on Wednesday. The firm’s fifty day moving average price is $171.05 and its 200 day moving average price is $164.00. The stock has a market capitalization of $469.83 billion, a PE ratio of 41.07, a P/E/G ratio of 3.35 and a beta of 1.05. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 12-month low of $106.51 and a 12-month high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the company earned $1.34 EPS. The company’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, research analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date of this dividend was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle’s dividend payout ratio (DPR) is 39.12%.

Analyst Upgrades and Downgrades

A number of research analysts recently issued reports on the stock. Citigroup boosted their target price on shares of Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a research report on Tuesday, December 10th. Mizuho upped their price objective on Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. Royal Bank of Canada reaffirmed a “sector perform” rating and issued a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. Jefferies Financial Group lifted their target price on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Finally, StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Saturday. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average target price of $182.73.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. 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.