Oracle Co. (NYSE:ORCL) Shares Purchased by Duncan Williams Asset Management LLC

Duncan Williams Asset Management LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 141.1% in the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 3,076 shares of the enterprise software provider’s stock after buying an additional 1,800 shares during the quarter. Duncan Williams Asset Management LLC’s holdings in Oracle were worth $513,000 as of its most recent SEC filing.

A number of other hedge funds have also made changes to their positions in the stock. Susquehanna Fundamental Investments LLC acquired a new stake in Oracle during the second quarter valued at approximately $1,516,000. Susquehanna International Group Ltd. bought a new stake in shares of Oracle in the 2nd quarter valued at approximately $4,597,000. Oliver Lagore Vanvalin Investment Group lifted its stake in Oracle by 10.1% during the second quarter. Oliver Lagore Vanvalin Investment Group now owns 9,374 shares of the enterprise software provider’s stock worth $1,324,000 after purchasing an additional 857 shares during the last quarter. Texas Capital Bank Wealth Management Services Inc boosted its holdings in Oracle by 2.1% in the second quarter. Texas Capital Bank Wealth Management Services Inc now owns 67,451 shares of the enterprise software provider’s stock worth $9,524,000 after purchasing an additional 1,359 shares during the period. Finally, Kathmere Capital Management LLC increased its stake in Oracle by 11.4% during the second quarter. Kathmere Capital Management LLC now owns 12,146 shares of the enterprise software provider’s stock valued at $1,715,000 after purchasing an additional 1,240 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL opened at $183.59 on Friday. The company has a market capitalization of $513.50 billion, a PE ratio of 44.89, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. The company’s fifty day moving average price is $174.41 and its 200 day moving average price is $162.49. Oracle Co. has a one year low of $106.51 and a one year high of $198.31. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last posted its quarterly 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). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same period last year, the company earned $1.34 EPS. The company’s revenue was up 8.6% on a year-over-year basis. As a group, analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.87%. The ex-dividend date was Friday, January 10th. Oracle’s payout ratio is presently 39.12%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent research reports. Mizuho raised their price target on Oracle from $185.00 to $210.00 and gave the stock an “outperform” rating in a report on Tuesday, December 10th. JMP Securities reissued a “market outperform” rating and set a $205.00 price target on shares of Oracle in a report on Wednesday. BNP Paribas upgraded shares of Oracle to a “strong-buy” rating in a research 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 target price for the company. in a research report on Friday, December 20th. Finally, Evercore ISI raised their target price on Oracle from $190.00 to $200.00 and gave the company an “outperform” rating in a research report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have given a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $182.73.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 2,101,154 shares of the stock in a transaction dated Wednesday, January 22nd. The stock was sold at an average price of $185.35, for a total value of $389,448,893.90. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $207,331,027.20. This represents a 65.26 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 42.20% of the stock is currently owned by corporate insiders.

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.