Mystic Asset Management Inc. Purchases New Shares in Oracle Co. (NYSE:ORCL)

Mystic Asset Management Inc. bought a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm bought 3,947 shares of the enterprise software provider’s stock, valued at approximately $658,000.

Several other institutional investors have also modified their holdings of ORCL. Activest Wealth Management grew its holdings in Oracle by 21.9% during the 3rd quarter. Activest Wealth Management now owns 312 shares of the enterprise software provider’s stock worth $53,000 after acquiring an additional 56 shares in the last quarter. Second Line Capital LLC grew its holdings in Oracle by 1.5% during the 3rd quarter. Second Line Capital LLC now owns 3,816 shares of the enterprise software provider’s stock worth $650,000 after acquiring an additional 58 shares in the last quarter. Cadence Bank grew its holdings in Oracle by 0.8% during the 3rd quarter. Cadence Bank now owns 7,605 shares of the enterprise software provider’s stock worth $1,296,000 after acquiring an additional 59 shares in the last quarter. Requisite Capital Management LLC grew its holdings 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 worth $373,000 after acquiring an additional 60 shares in the last quarter. Finally, Cookson Peirce & Co. Inc. grew its holdings 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 worth $237,000 after acquiring an additional 60 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 3.2 %

Shares of Oracle stock opened at $154.01 on Tuesday. The company has a market cap of $430.76 billion, a P/E ratio of 37.66, 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 Co. has a one year low of $112.78 and a one year high of $198.31. The firm has a fifty day moving average of $165.57 and a two-hundred day moving average of $169.95.

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

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date is Thursday, April 10th. This is an increase from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is currently 46.95%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. Stifel Nicolaus lowered their price target on shares of Oracle from $175.00 to $150.00 and set a “hold” rating for the company in a report on Tuesday, March 11th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Mizuho upped their target price on shares of Oracle from $185.00 to $210.00 and gave the company an “outperform” rating in a report on Tuesday, December 10th. BMO Capital Markets lowered their target price on shares of Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a report on Tuesday, March 11th. Finally, Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Twelve investment analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $179.71.

Insider Activity

In other news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total value 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. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Insiders own 42.20% of the company’s stock.

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.