Tidemark LLC Purchases 130 Shares of Oracle Co. (NYSE:ORCL)

Tidemark LLC lifted its position in Oracle Co. (NYSE:ORCL) by 47.1% during the 4th quarter, Holdings Channel reports. The firm owned 406 shares of the enterprise software provider’s stock after acquiring an additional 130 shares during the period. Tidemark LLC’s holdings in Oracle were worth $68,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Howard Capital Management Group LLC grew its holdings in shares of Oracle by 12.4% in the third quarter. Howard Capital Management Group LLC now owns 8,019 shares of the enterprise software provider’s stock worth $1,366,000 after purchasing an additional 883 shares during the last quarter. Principal Financial Group Inc. boosted its holdings in Oracle by 5.3% in 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 acquiring an additional 121,874 shares in the last quarter. United Bank boosted its holdings in Oracle by 4.8% in the third quarter. United Bank now owns 11,430 shares of the enterprise software provider’s stock valued at $1,948,000 after acquiring an additional 519 shares in the last quarter. Nicollet Investment Management Inc. boosted its holdings in Oracle by 0.6% in the third quarter. Nicollet Investment Management Inc. now owns 39,465 shares of the enterprise software provider’s stock valued at $6,725,000 after acquiring an additional 217 shares in the last quarter. Finally, Vishria Bird Financial Group LLC bought a new stake in Oracle in the third quarter valued at $640,000. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several research firms recently weighed in on ORCL. KeyCorp reiterated an “overweight” rating and issued a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. UBS Group reiterated a “market perform” rating on shares of Oracle in a report on Tuesday. Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Cantor Fitzgerald cut their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Finally, Barclays lowered their price objective on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Twelve investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $179.71.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. The trade was a 65.26 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Corporate insiders own 42.20% of the company’s stock.

Oracle Price Performance

NYSE ORCL opened at $149.36 on Friday. Oracle Co. has a one year low of $112.78 and a one year high of $198.31. The stock has a 50-day moving average of $165.80 and a 200 day moving average of $169.63. The company has a market capitalization of $417.76 billion, a price-to-earnings ratio of 36.52, a PEG ratio of 3.46 and a beta of 1.07. 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 released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter in the previous year, the business posted $1.41 earnings per share. Oracle’s quarterly revenue was up 6.4% compared to the same quarter last year. On average, sell-side analysts forecast that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th will be paid a dividend of $0.50 per share. This is an increase from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.34%. The ex-dividend date of this dividend is Thursday, April 10th. Oracle’s payout ratio is currently 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.