Spectrum Asset Management Inc. NB CA Buys 85 Shares of Oracle Co. (NYSE:ORCL)

Spectrum Asset Management Inc. NB CA grew its position in shares of Oracle Co. (NYSE:ORCL) by 0.3% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 28,270 shares of the enterprise software provider’s stock after purchasing an additional 85 shares during the quarter. Oracle comprises approximately 2.1% of Spectrum Asset Management Inc. NB CA’s investment portfolio, making the stock its 15th largest position. Spectrum Asset Management Inc. NB CA’s holdings in Oracle were worth $4,711,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Brookstone Capital Management grew its stake in shares of Oracle by 2.3% in the 3rd quarter. Brookstone Capital Management now owns 28,458 shares of the enterprise software provider’s stock valued at $4,849,000 after buying an additional 630 shares during the period. Future Financial Wealth Managment LLC acquired a new stake in Oracle in the third quarter valued at approximately $72,000. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its position in shares of Oracle by 76.7% during the third quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors now owns 4,496 shares of the enterprise software provider’s stock worth $766,000 after purchasing an additional 1,952 shares during the period. Wedmont Private Capital lifted its holdings in shares of Oracle by 14.2% in the 3rd quarter. Wedmont Private Capital now owns 89,486 shares of the enterprise software provider’s stock worth $15,210,000 after purchasing an additional 11,119 shares in the last quarter. Finally, Adirondack Trust Co. grew its position in Oracle by 0.8% in the 3rd quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider’s stock valued at $1,472,000 after purchasing an additional 67 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction that occurred on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. This represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Company insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research reports. JMP Securities restated a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. Guggenheim raised their price target on shares of Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. Stifel Nicolaus increased their price objective on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Saturday, February 1st. Finally, Cantor Fitzgerald started coverage on shares of Oracle in a research report on Friday, January 17th. They set an “overweight” rating and a $214.00 price target on the stock. One 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 given a strong buy rating to the company’s stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Up 0.5 %

NYSE:ORCL opened at $172.53 on Friday. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The stock has a market cap of $482.56 billion, a price-to-earnings ratio of 42.18, a PEG ratio of 3.35 and a beta of 1.05. The company’s 50 day moving average price is $170.83 and its 200-day moving average price is $164.05. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. 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 posted $1.34 EPS. Oracle’s revenue was up 8.6% on a year-over-year basis. On average, equities research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

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.