American Money Management LLC Makes New $449,000 Investment in Oracle Co. (NYSE:ORCL)

American Money Management LLC acquired a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund acquired 2,695 shares of the enterprise software provider’s stock, valued at approximately $449,000.

Several other hedge funds have also recently bought and sold shares of ORCL. R Squared Ltd acquired a new stake in shares of Oracle during the fourth quarter worth about $25,000. Winch Advisory Services LLC increased its stake in 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 buying an additional 87 shares during the period. Synergy Investment Management LLC acquired a new stake in Oracle during the 4th quarter worth approximately $34,000. TFC Financial Management Inc. boosted its position in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after buying an additional 120 shares during the period. Finally, Synergy Asset Management LLC acquired a new position in shares of Oracle in the fourth quarter worth $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 3.5 %

Shares of NYSE:ORCL opened at $140.75 on Friday. Oracle Co. has a fifty-two week low of $112.78 and a fifty-two week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The firm’s 50-day simple moving average is $163.94 and its 200-day simple moving average is $170.22. The company has a market cap of $393.67 billion, a price-to-earnings ratio of 34.41, a PEG ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s quarterly revenue was up 6.4% on a year-over-year basis. During the same period last year, the business posted $1.41 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be issued a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date of this dividend is Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.42%. Oracle’s dividend payout ratio is 46.95%.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction dated 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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Corporate insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent research reports. BMO Capital Markets decreased their target price on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday, March 11th. JPMorgan Chase & Co. cut their target price on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. DA Davidson reiterated a “neutral” rating and issued a $150.00 price target on shares of Oracle in a research note on Tuesday, March 11th. Barclays dropped their price objective on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Finally, Evercore ISI decreased their price objective on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research report on Tuesday, March 11th. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $179.20.

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.