Summa Corp. Raises Stake in Oracle Co. (NYSE:ORCL)

Summa Corp. raised its position in Oracle Co. (NYSE:ORCL) by 35.3% in the fourth quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 2,052 shares of the enterprise software provider’s stock after acquiring an additional 535 shares during the quarter. Summa Corp.’s holdings in Oracle were worth $342,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new stake in shares of Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its position 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 buying an additional 87 shares during the last quarter. Reston Wealth Management LLC purchased a new stake in shares of Oracle during the 3rd quarter worth approximately $44,000. Avondale Wealth Management purchased a new stake in shares of Oracle during the 3rd quarter worth approximately $51,000. Finally, Friedenthal Financial purchased a new stake in shares of Oracle during the 3rd quarter worth approximately $51,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several analysts recently commented on ORCL shares. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research report on Friday, December 20th. KeyCorp upped their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a research report on Friday, November 15th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Citigroup upped their price objective on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a report on Tuesday, December 10th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Friday, January 24th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have assigned a buy rating and two have assigned a strong buy rating to the company’s stock. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Transactions at Oracle

In related news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction on Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $207,565,931.52. The trade was a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. 42.20% of the stock is owned by insiders.

Oracle Stock Down 1.1 %

Shares of Oracle stock opened at $162.22 on Thursday. The business’s fifty day moving average price is $173.36 and its two-hundred day moving average price is $163.03. 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 company has a market capitalization of $453.71 billion, a P/E ratio of 39.66, a PEG ratio of 3.62 and a beta of 1.06. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31.

Oracle (NYSE:ORCL) last announced its earnings results 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 business 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% on a year-over-year basis. During the same period in the previous year, the firm earned $1.34 EPS. As a group, research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date of this dividend 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.