Ninepoint Partners LP Buys New Shares in Oracle Co. (NYSE:ORCL)

Ninepoint Partners LP bought a new position in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, Holdings Channel.com reports. The firm bought 6,290 shares of the enterprise software provider’s stock, valued at approximately $663,000.

Other large investors have also modified their holdings of the company. Sandy Spring Bank increased its stake in Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after acquiring an additional 1,107 shares during the last quarter. LVM Capital Management Ltd. MI lifted its position in Oracle by 3.5% during the fourth 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 purchased a new stake in Oracle during the third quarter worth approximately $229,000. Cooper Financial Group increased its position in shares of Oracle by 43.4% in the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after acquiring an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC purchased a new position in shares of Oracle in the 4th quarter valued at $171,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORCL has been the topic of several recent research reports. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Oppenheimer assumed coverage on shares of Oracle in a research note on Thursday. They set a “market perform” rating on the stock. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. KeyCorp initiated coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price on the stock. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $130.76.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated 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 completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded down $0.41 on Friday, hitting $115.59. The company’s stock had a trading volume of 3,439,558 shares, compared to its average volume of 8,529,801. The stock’s 50-day moving average is $119.27 and its two-hundred day moving average is $112.80. The company has a market capitalization of $317.70 billion, a price-to-earnings ratio of 30.66, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period last year, the company posted $0.96 EPS. On average, equities research analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Oracle’s dividend payout ratio is currently 42.22%.

Oracle 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.