American Money Management LLC Buys Shares of 2,695 Oracle Co. (NYSE:ORCL)

American Money Management LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the fourth quarter, HoldingsChannel reports. The fund purchased 2,695 shares of the enterprise software provider’s stock, valued at approximately $449,000.

Other institutional investors have also modified their holdings of the company. PARUS FINANCE UK Ltd boosted its position in Oracle by 8.3% during the fourth quarter. PARUS FINANCE UK Ltd now owns 103,366 shares of the enterprise software provider’s stock worth $17,225,000 after acquiring an additional 7,900 shares during the last quarter. Allianz SE acquired a new stake in shares of Oracle during the fourth quarter worth $19,762,000. Tucker Asset Management LLC boosted its holdings in shares of Oracle by 99.0% during the fourth quarter. Tucker Asset Management LLC now owns 410 shares of the enterprise software provider’s stock worth $68,000 after purchasing an additional 204 shares during the last quarter. Mitchell Sinkler & Starr PA grew its position in shares of Oracle by 1.2% in the fourth quarter. Mitchell Sinkler & Starr PA now owns 56,449 shares of the enterprise software provider’s stock valued at $9,407,000 after purchasing an additional 650 shares during the period. Finally, WealthTrak Capital Management LLC acquired a new position in Oracle in the fourth quarter valued at $62,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $140.75 on Friday. The company has a market capitalization of $393.67 billion, a PE ratio of 34.41, a P/E/G ratio of 3.46 and a beta of 1.07. 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 stock’s 50 day moving average is $163.94 and its two-hundred day moving average is $170.22. Oracle Co. has a 52-week low of $112.78 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly 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 company had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company’s revenue was up 6.4% on a year-over-year basis. During the same period in the prior year, the company earned $1.41 earnings per share. Analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be given a $0.50 dividend. This is a positive change from Oracle’s previous quarterly dividend of $0.40. The ex-dividend date is Thursday, April 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.42%. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Analyst Upgrades and Downgrades

A number of brokerages have issued reports on ORCL. Stifel Nicolaus decreased 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. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a “sector perform” rating in a report on Tuesday, March 11th. Jefferies Financial Group upped their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a research report on Thursday, December 5th. Cantor Fitzgerald decreased 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, Monness Crespi & Hardt upgraded Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Thirteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $179.20.

Insider Activity

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s stock in a transaction that occurred on 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 transaction, the chief executive officer now 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. Company insiders own 42.20% of the company’s stock.

Oracle 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.