Tidal Investments LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Tidal Investments LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 132.7% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 384,283 shares of the enterprise software provider’s stock after purchasing an additional 219,115 shares during the period. Oracle accounts for about 0.5% of Tidal Investments LLC’s investment portfolio, making the stock its 29th biggest holding. Tidal Investments LLC’s holdings in Oracle were worth $64,037,000 as of its most recent filing with the Securities and Exchange Commission.

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Requisite Capital Management LLC lifted its position in Oracle by 2.8% during the 4th quarter. Requisite Capital Management LLC now owns 2,240 shares of the enterprise software provider’s stock valued at $373,000 after acquiring an additional 60 shares during the period. Cookson Peirce & Co. Inc. lifted its position in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after acquiring an additional 60 shares during the period. McLean Asset Management Corp lifted its position in Oracle by 1.1% during the 4th quarter. McLean Asset Management Corp now owns 5,447 shares of the enterprise software provider’s stock valued at $908,000 after acquiring an additional 61 shares during the period. Warther Private Wealth LLC lifted its position in Oracle by 1.8% during the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock valued at $603,000 after acquiring an additional 63 shares during the period. Finally, Howard Bailey Securities LLC lifted its position in Oracle by 2.9% during the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock valued at $379,000 after acquiring an additional 64 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages recently issued reports on ORCL. Evercore ISI lowered their price target 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. Mizuho lowered their price target on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating for the company in a research report on Tuesday, April 15th. JPMorgan Chase & Co. reduced their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Finally, DA Davidson decreased their target price on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, April 14th. Fourteen investment 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 company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average price target of $174.42.

Insider Activity at Oracle

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

Oracle Stock Up 0.6%

ORCL opened at $160.31 on Friday. 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 has a 50 day moving average price of $142.91 and a 200-day moving average price of $162.49. Oracle Co. has a twelve month low of $114.55 and a twelve month high of $198.31. The stock has a market capitalization of $448.39 billion, a price-to-earnings ratio of 39.20, a PEG ratio of 3.46 and a beta of 1.27.

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

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 1.25%. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle’s payout ratio is 46.95%.

Oracle Company 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.