Newbridge Financial Services Group Inc. Purchases 8,207 Shares of Oracle Co. (NYSE:ORCL)

Newbridge Financial Services Group Inc. lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 166.1% in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 13,147 shares of the enterprise software provider’s stock after buying an additional 8,207 shares during the period. Newbridge Financial Services Group Inc.’s holdings in Oracle were worth $2,191,000 as of its most recent SEC filing.

A number of other institutional investors have also recently added to or reduced their stakes in ORCL. International Assets Investment Management LLC raised its stake in Oracle by 16,023.4% during the third quarter. International Assets Investment Management LLC now owns 2,065,083 shares of the enterprise software provider’s stock worth $351,890,000 after buying an additional 2,052,275 shares during the last quarter. Franklin Resources Inc. lifted its stake in shares of Oracle by 11.6% in the third quarter. Franklin Resources Inc. now owns 18,480,384 shares of the enterprise software provider’s stock valued at $3,370,640,000 after buying an additional 1,917,416 shares in the last quarter. State Street Corp increased its holdings in Oracle by 2.7% during the 3rd quarter. State Street Corp now owns 70,441,556 shares of the enterprise software provider’s stock worth $12,003,241,000 after purchasing an additional 1,847,561 shares in the last quarter. Jennison Associates LLC raised its position in Oracle by 279.7% in the 4th quarter. Jennison Associates LLC now owns 1,210,745 shares of the enterprise software provider’s stock valued at $201,759,000 after buying an additional 891,842 shares during the last quarter. Finally, Geode Capital Management LLC lifted its position in shares of Oracle by 2.6% during the 3rd quarter. Geode Capital Management LLC now owns 35,194,683 shares of the enterprise software provider’s stock worth $5,977,015,000 after buying an additional 885,041 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Activity at Oracle

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

Oracle Price Performance

NYSE ORCL opened at $174.53 on Friday. The stock has a 50-day moving average of $170.42 and a 200 day moving average of $164.35. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a market capitalization of $488.15 billion, a price-to-earnings ratio of 42.67, a PEG ratio of 3.39 and a beta of 1.05. 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 results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same quarter in the prior year, the firm earned $1.34 earnings per share. The company’s revenue for the quarter was up 8.6% 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 Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.92%. Oracle’s payout ratio is currently 39.12%.

Analysts Set New Price Targets

Several brokerages have recently issued reports on ORCL. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Saturday, February 1st. Jefferies Financial Group raised their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. KeyCorp increased their target price on Oracle from $190.00 to $200.00 and gave the company an “overweight” rating in a research note on Friday, November 15th. Royal Bank of Canada restated a “sector perform” rating and issued a $165.00 price objective on shares of Oracle in a report on Thursday, December 5th. Finally, JMP Securities reiterated a “market outperform” rating and issued a $205.00 price objective on shares of Oracle in a research report on Wednesday, January 22nd. One equities research analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $182.73.

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.