Oracle Co. (NYSE:ORCL) Shares Purchased by Raab & Moskowitz Asset Management LLC

Raab & Moskowitz Asset Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.0% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 2,523 shares of the enterprise software provider’s stock after buying an additional 96 shares during the period. Raab & Moskowitz Asset Management LLC’s holdings in Oracle were worth $420,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the business. Wealth Group Ltd. acquired a new stake in Oracle in the 3rd quarter worth approximately $222,000. Exchange Traded Concepts LLC raised its holdings in shares of Oracle by 157.0% in the third quarter. Exchange Traded Concepts LLC now owns 4,587 shares of the enterprise software provider’s stock worth $782,000 after buying an additional 2,802 shares during the last quarter. Creative Planning raised its holdings in shares of Oracle by 4.1% in the third quarter. Creative Planning now owns 774,912 shares of the enterprise software provider’s stock worth $132,045,000 after buying an additional 30,341 shares during the last quarter. EdgeRock Capital LLC lifted its stake in shares of Oracle by 287.4% during the third quarter. EdgeRock Capital LLC now owns 2,673 shares of the enterprise software provider’s stock worth $456,000 after buying an additional 1,983 shares during the period. Finally, Braun Bostich & Associates Inc. purchased a new stake in shares of Oracle during the third quarter valued at $203,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction that occurred 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 transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Down 2.8 %

Shares of NYSE ORCL opened at $172.30 on Thursday. The firm has a market cap of $481.92 billion, a price-to-earnings ratio of 42.13, a price-to-earnings-growth ratio of 3.39 and a beta of 1.05. The company’s 50-day simple moving average is $170.25 and its 200-day simple moving average is $165.24. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a 52-week low of $106.51 and a 52-week high of $198.31.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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 firm had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s quarterly revenue was up 8.6% on a year-over-year basis. During the same quarter last year, the firm posted $1.34 earnings per share. Equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were issued a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.93%. Oracle’s payout ratio is currently 39.12%.

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. BMO Capital Markets lifted their price target on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research report on Tuesday, December 10th. Evercore ISI lifted their target price on Oracle from $190.00 to $200.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. DA Davidson lifted their price objective on shares of Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Morgan Stanley upped their price objective on shares of Oracle from $145.00 to $175.00 and gave the company an “equal weight” rating in a report on Tuesday, December 10th. One investment analyst has rated the stock with a sell rating, ten have given a hold rating, eighteen have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $182.73.

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.