Christopher J. Hasenberg Inc Invests $270,000 in Oracle Co. (NYSE:ORCL)

Christopher J. Hasenberg Inc acquired a new stake in Oracle Co. (NYSE:ORCL) in the fourth quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor acquired 2,561 shares of the enterprise software provider’s stock, valued at approximately $270,000. Oracle comprises approximately 0.2% of Christopher J. Hasenberg Inc’s investment portfolio, making the stock its 20th biggest position.

Several other hedge funds have also recently added to or reduced their stakes in the stock. Orion Capital Management LLC acquired a new stake in Oracle during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new position in shares of Oracle in the 3rd quarter valued at approximately $27,000. Tidemark LLC acquired a new position in shares of Oracle in the 4th quarter valued at approximately $29,000. Finally, Nordwand Advisors LLC bought a new stake in Oracle during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 42.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several research analyst reports. HSBC upped their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. KeyCorp started coverage on shares of Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. The Goldman Sachs Group lifted their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Finally, BMO Capital Markets lifted their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Stock Performance

NYSE:ORCL traded down $0.71 during mid-day trading on Monday, reaching $116.50. 5,189,586 shares of the company’s stock were exchanged, compared to its average volume of 8,437,914. Oracle Co. has a one year low of $93.85 and a one year high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The business’s fifty day simple moving average is $119.52 and its two-hundred day simple moving average is $113.21. The firm has a market capitalization of $320.20 billion, a PE ratio of 30.74, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. Analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is presently 42.22%.

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.