Interval Partners LP Acquires New Shares in Oracle Co. (NYSE:ORCL)

Interval Partners LP acquired a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, Holdings Channel reports. The fund acquired 14,016 shares of the enterprise software provider’s stock, valued at approximately $2,336,000.

Several other large investors have also bought and sold shares of ORCL. Harbor Capital Advisors Inc. acquired a new stake in Oracle in the fourth quarter valued at about $454,000. Czech National Bank boosted its stake in shares of Oracle by 7.0% during the fourth quarter. Czech National Bank now owns 348,477 shares of the enterprise software provider’s stock valued at $58,070,000 after purchasing an additional 22,867 shares in the last quarter. Aprio Wealth Management LLC boosted its stake in shares of Oracle by 14.2% during the fourth quarter. Aprio Wealth Management LLC now owns 2,625 shares of the enterprise software provider’s stock valued at $437,000 after purchasing an additional 326 shares in the last quarter. Fiduciary Alliance LLC boosted its stake in shares of Oracle by 140.8% during the fourth quarter. Fiduciary Alliance LLC now owns 38,028 shares of the enterprise software provider’s stock valued at $6,337,000 after purchasing an additional 22,238 shares in the last quarter. Finally, Capital Investment Advisors LLC boosted its stake in shares of Oracle by 2.2% during the fourth quarter. Capital Investment Advisors LLC now owns 71,055 shares of the enterprise software provider’s stock valued at $11,841,000 after purchasing an additional 1,527 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent research reports. Royal Bank of Canada set a $145.00 price target on Oracle and gave the company a “sector perform” rating in a research note on Tuesday, March 11th. Westpark Capital initiated coverage on Oracle in a research note on Tuesday, April 1st. They set a “buy” rating and a $195.00 price target on the stock. JMP Securities reissued a “market outperform” rating and set a $205.00 price target on shares of Oracle in a research note on Wednesday, January 22nd. Stifel Nicolaus cut their price target on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a research note on Tuesday, March 11th. Finally, Bank of America cut their price target on Oracle from $195.00 to $175.00 and set a “neutral” rating on the stock in a research note on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $174.42.

Oracle Trading Down 0.1%

Shares of ORCL stock opened at $150.18 on Monday. The company has a market cap of $420.05 billion, a P/E ratio of 36.72, a PEG ratio of 3.46 and a beta of 1.27. Oracle Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31. The stock has a 50 day simple moving average of $142.12 and a two-hundred day simple moving average of $162.87. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the prior year, the business earned $1.41 earnings per share. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.33%. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company’s stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is owned by company insiders.

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.