Freestone Capital Holdings LLC Buys 263 Shares of Oracle Co. (NYSE:ORCL)

Freestone Capital Holdings LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 0.2% in the fourth quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 109,163 shares of the enterprise software provider’s stock after purchasing an additional 263 shares during the period. Oracle makes up approximately 0.6% of Freestone Capital Holdings LLC’s holdings, making the stock its 28th largest position. Freestone Capital Holdings LLC’s holdings in Oracle were worth $18,191,000 at the end of the most recent reporting period.

A number of other large investors have also added to or reduced their stakes in the stock. R Squared Ltd purchased a new position in shares of Oracle during the 4th quarter worth $25,000. Winch Advisory Services LLC boosted its stake in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Synergy Investment Management LLC purchased a new position in shares of Oracle during the 4th quarter worth $34,000. TFC Financial Management Inc. boosted its stake in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle during the 4th quarter valued at $47,000. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the company’s stock in a transaction that occurred 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 completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts recently weighed in on the stock. Guggenheim restated a “buy” rating and set a $220.00 target price on shares of Oracle in a research note on Wednesday. Cantor Fitzgerald cut shares of Oracle to an “overweight” rating in a research note on Monday, February 10th. UBS Group lifted their target price on shares of Oracle from $200.00 to $210.00 and gave the company a “buy” rating in a research note on Tuesday, December 10th. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $205.00 price target on shares of Oracle in a report on Wednesday, January 22nd. Twelve equities research analysts have rated the stock with a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $182.73.

Oracle Price Performance

Oracle stock opened at $161.75 on Thursday. The stock has a market cap of $452.39 billion, a price-to-earnings ratio of 39.55, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07. 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 1 year low of $110.67 and a 1 year high of $198.31. The firm has a 50-day moving average of $168.31 and a two-hundred day moving average of $169.10.

Oracle (NYSE:ORCL) last released its quarterly earnings data 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 during the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. During the same period last year, the firm earned $1.34 earnings per share. On average, research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s payout ratio is presently 39.12%.

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.