Sunpointe LLC Purchases 123 Shares of Oracle Co. (NYSE:ORCL)

Sunpointe LLC boosted its position in Oracle Co. (NYSE:ORCL) by 2.2% during the fourth quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 5,696 shares of the enterprise software provider’s stock after buying an additional 123 shares during the quarter. Sunpointe LLC’s holdings in Oracle were worth $949,000 as of its most recent filing with the SEC.

Several other institutional investors have also recently bought and sold shares of the company. Cumberland Partners Ltd grew its stake in shares of Oracle by 430.9% during the 4th quarter. Cumberland Partners Ltd now owns 43,000 shares of the enterprise software provider’s stock worth $7,166,000 after acquiring an additional 34,900 shares in the last quarter. Abacus Planning Group Inc. grew its position in Oracle by 4.0% in the fourth quarter. Abacus Planning Group Inc. now owns 9,863 shares of the enterprise software provider’s stock valued at $1,644,000 after purchasing an additional 378 shares in the last quarter. Sterling Financial Planning Inc. acquired a new stake in Oracle in the 4th quarter valued at $211,000. Private Advisor Group LLC lifted its position in Oracle by 6.6% during the 4th quarter. Private Advisor Group LLC now owns 124,806 shares of the enterprise software provider’s stock worth $20,798,000 after buying an additional 7,679 shares in the last quarter. Finally, Good Life Advisors LLC boosted its stake in shares of Oracle by 3.1% during the 4th quarter. Good Life Advisors LLC now owns 9,880 shares of the enterprise software provider’s stock worth $1,646,000 after buying an additional 298 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. KeyCorp upped their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. BMO Capital Markets boosted their target price on shares of Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a report on Tuesday, December 10th. Monness Crespi & Hardt cut shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target for the company. in a research note on Friday, December 20th. Finally, Cantor Fitzgerald assumed coverage on shares of Oracle in a research report on Friday, January 17th. They issued an “overweight” rating and a $214.00 price objective for the company. One analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction that occurred on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $207,331,027.20. This trade represents a 65.26 % decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

NYSE:ORCL opened at $181.51 on Thursday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market cap of $507.68 billion, a price-to-earnings ratio of 44.38, a P/E/G ratio of 3.43 and a beta of 1.05. Oracle Co. has a 52 week low of $106.51 and a 52 week high of $198.31. The firm’s 50-day simple moving average is $169.09 and its 200 day simple moving average is $166.67.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 EPS 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 return on equity of 133.25% and a net margin of 21.16%. The firm’s revenue for the quarter was up 8.6% compared to the same quarter last year. During the same period in the prior year, the business posted $1.34 earnings per share. As a group, sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.88%. The ex-dividend date was Friday, January 10th. Oracle’s dividend payout ratio (DPR) is currently 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.