Lantz Financial LLC Boosts Stock Holdings in Oracle Co. (NYSE:ORCL)

Lantz Financial LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 2.6% during the 4th quarter, Holdings Channel reports. The firm owned 14,379 shares of the enterprise software provider’s stock after buying an additional 359 shares during the quarter. Lantz Financial LLC’s holdings in Oracle were worth $2,396,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Fred Alger Management LLC raised its holdings in shares of Oracle by 5.4% during the 2nd quarter. Fred Alger Management LLC now owns 26,970 shares of the enterprise software provider’s stock worth $3,808,000 after acquiring an additional 1,388 shares in the last quarter. Delta Investment Management LLC purchased a new stake in Oracle during the second quarter valued at $243,000. Dark Forest Capital Management LP bought a new position in Oracle during the second quarter valued at $856,000. MBB Public Markets I LLC grew its stake in shares of Oracle by 1,903.0% in the 2nd quarter. MBB Public Markets I LLC now owns 149,244 shares of the enterprise software provider’s stock worth $21,073,000 after buying an additional 141,793 shares in the last quarter. Finally, Maverick Capital Ltd. increased its holdings in shares of Oracle by 37.5% in the 2nd quarter. Maverick Capital Ltd. now owns 17,122 shares of the enterprise software provider’s stock worth $2,418,000 after buying an additional 4,668 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent research reports. Mizuho lifted their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Cantor Fitzgerald assumed coverage on Oracle in a report on Friday, January 17th. They issued an “overweight” rating and a $214.00 target price for the company. UBS Group increased their price target on Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a report on Tuesday, December 10th. DA Davidson lifted their price objective on shares of Oracle from $140.00 to $150.00 and gave the stock a “neutral” rating in a research note on Tuesday, December 10th. Finally, Jefferies Financial Group boosted their price objective on shares of Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. One research analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have given 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 a consensus target price of $182.73.

Oracle Stock Down 1.5 %

Shares of Oracle stock opened at $183.59 on Friday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a market cap of $513.50 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 3.62 and a beta of 1.06. The firm’s 50-day moving average is $174.41 and its two-hundred day moving average is $162.49.

Oracle (NYSE:ORCL) last announced 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). The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm’s revenue was up 8.6% compared to the same quarter last year. During the same period last year, the business posted $1.34 EPS. As a group, research analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Company insiders own 42.20% of the company’s stock.

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.