2,077 Shares in Oracle Co. (NYSE:ORCL) Acquired by Tumwater Wealth Management LLC

Tumwater Wealth Management LLC purchased a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 2,077 shares of the enterprise software provider’s stock, valued at approximately $346,000. Oracle comprises about 0.2% of Tumwater Wealth Management LLC’s investment portfolio, making the stock its 22nd largest position.

Other hedge funds also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in Oracle in the fourth quarter valued at approximately $25,000. Winch Advisory Services LLC increased its stake in Oracle by 89.7% in the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after purchasing an additional 87 shares during the last quarter. Synergy Investment Management LLC purchased a new position in Oracle in the fourth quarter valued at approximately $34,000. TFC Financial Management Inc. grew its position in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after acquiring an additional 120 shares during the last quarter. Finally, Synergy Asset Management LLC purchased a new position in shares of Oracle during the fourth quarter worth approximately $47,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, CEO Safra Catz sold 2,101,154 shares of the business’s 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 of the company’s stock, valued at approximately $207,331,027.20. The trade was a 65.26 % decrease in their position. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Insiders own 42.20% of the company’s stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research reports. Barclays lowered their target price on shares of Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. UBS Group restated a “market perform” rating on shares of Oracle in a research report on Tuesday. Morgan Stanley lowered their target price on shares of Oracle from $175.00 to $170.00 and set an “equal weight” rating on the stock in a research report on Tuesday, March 11th. Mizuho raised their target price on shares of Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a research report on Tuesday, December 10th. Finally, Cantor Fitzgerald lowered their target price on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a research report on Tuesday, March 11th. Twelve 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 stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $179.71.

Oracle Price Performance

Oracle stock opened at $149.36 on Friday. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. 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 firm’s 50-day simple moving average is $165.80 and its 200 day simple moving average is $169.63. The firm has a market capitalization of $417.76 billion, a PE ratio of 36.52, a P/E/G ratio of 3.46 and a beta of 1.07.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.13 billion during the quarter, compared to analysts’ expectations of $14.40 billion. During the same quarter in the prior year, the firm earned $1.41 earnings per share. Oracle’s quarterly revenue was up 6.4% on a year-over-year basis. On average, equities research analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.34%. Oracle’s payout ratio is currently 46.95%.

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.