Illumine Investment Management LLC Invests $484,000 in Oracle Co. (NYSE:ORCL)

Illumine Investment Management LLC bought a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 2,902 shares of the enterprise software provider’s stock, valued at approximately $484,000.

Other institutional investors have also made changes to their positions in the company. Principal Financial Group Inc. grew its position in Oracle by 5.3% during the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider’s stock valued at $411,748,000 after purchasing an additional 121,874 shares in the last quarter. McClarren Financial Advisors Inc. lifted its stake in Oracle by 201.7% in the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after acquiring an additional 1,069 shares during the last quarter. RMR Wealth Builders lifted its stake in Oracle by 383.4% in the fourth quarter. RMR Wealth Builders now owns 7,155 shares of the enterprise software provider’s stock valued at $1,192,000 after acquiring an additional 5,675 shares during the last quarter. Foundations Investment Advisors LLC lifted its stake in Oracle by 24.8% in the fourth quarter. Foundations Investment Advisors LLC now owns 164,593 shares of the enterprise software provider’s stock valued at $27,428,000 after acquiring an additional 32,718 shares during the last quarter. Finally, Crews Bank & Trust acquired a new stake in Oracle in the fourth quarter valued at approximately $1,800,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of Oracle 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 transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ORCL. JMP Securities reiterated a “market outperform” rating and issued a $205.00 target price on shares of Oracle in a research note on Wednesday, January 22nd. UBS Group upped their price objective on shares of Oracle from $200.00 to $210.00 and gave the stock a “buy” rating in a report on Tuesday, December 10th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Cantor Fitzgerald downgraded shares of Oracle to an “overweight” rating in a report on Monday, February 10th. Finally, Guggenheim upped their price objective on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. One investment analyst has rated the stock with a sell rating, eleven have issued a hold rating, eighteen have issued a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Oracle Trading Down 4.5 %

ORCL opened at $164.71 on Friday. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $460.68 billion, a PE ratio of 40.27, a PEG ratio of 3.46 and a beta of 1.05. Oracle Co. has a 1-year low of $110.36 and a 1-year high of $198.31. The firm has a 50-day moving average price of $169.00 and a two-hundred day moving average price of $168.13.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share 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 analyst estimates of $14.12 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue was up 8.6% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.34 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) 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.