Oracle Co. (NYSE:ORCL) Shares Bought by Lee Danner & Bass Inc.

Lee Danner & Bass Inc. increased its holdings in Oracle Co. (NYSE:ORCL) by 1.3% in the fourth quarter, HoldingsChannel.com reports. The firm owned 44,942 shares of the enterprise software provider’s stock after buying an additional 573 shares during the quarter. Lee Danner & Bass Inc.’s holdings in Oracle were worth $7,489,000 at the end of the most recent reporting period.

A number of other large investors also recently bought and sold shares of ORCL. R Squared Ltd purchased a new stake in Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC increased its stake in Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after buying an additional 87 shares in the last quarter. Synergy Investment Management LLC purchased a new stake in Oracle during the 4th quarter worth approximately $34,000. TFC Financial Management Inc. increased its stake in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after buying an additional 120 shares in the last quarter. Finally, Synergy Asset Management LLC purchased a new stake in Oracle during the 4th quarter worth approximately $47,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have recently issued reports on ORCL shares. Jefferies Financial Group upped their price target on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a research report on Thursday, December 5th. BMO Capital Markets dropped their price target on Oracle from $205.00 to $175.00 and set a “market perform” rating for the company in a research report on Tuesday, March 11th. KeyCorp restated an “overweight” rating and issued a $200.00 price target on shares of Oracle in a research report on Tuesday, March 11th. Guggenheim restated a “buy” rating and issued a $220.00 price target on shares of Oracle in a research report on Wednesday, March 5th. Finally, UBS Group restated a “market perform” rating on shares of Oracle in a research report on Tuesday, March 11th. Thirteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has issued a strong buy rating to the company. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $179.20.

Oracle Stock Up 0.2 %

NYSE:ORCL opened at $152.78 on Friday. 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 stock’s fifty day moving average is $164.90 and its two-hundred day moving average is $169.77. Oracle Co. has a 52 week low of $112.78 and a 52 week high of $198.31. The stock has a market capitalization of $427.31 billion, a price-to-earnings ratio of 37.35, a price-to-earnings-growth ratio of 3.46 and a beta of 1.07.

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

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th will be paid a $0.50 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.31%. The ex-dividend date is Thursday, April 10th. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Insider Activity

In other news, CEO Safra Catz sold 345,174 shares of the stock in a transaction on Friday, January 24th. The stock was 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 directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 42.20% of the company’s stock.

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.