SYM FINANCIAL Corp Buys New Stake in Oracle Co. (NYSE:ORCL)

SYM FINANCIAL Corp purchased a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 3,128 shares of the enterprise software provider’s stock, valued at approximately $330,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Wellington Management Group LLP boosted its stake in shares of Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after buying an additional 8,084,067 shares during the period. Vanguard Group Inc. grew its holdings in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares in the last quarter. DNB Asset Management AS increased its position in shares of Oracle by 313.4% in the 4th quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock valued at $186,255,000 after purchasing an additional 1,339,311 shares during the last quarter. International Assets Investment Management LLC raised its holdings in shares of Oracle by 26,602.4% in the 4th quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock valued at $132,794,000 after purchasing an additional 1,254,833 shares in the last quarter. Finally, Mackenzie Financial Corp lifted its position in shares of Oracle by 35.2% during the 3rd quarter. Mackenzie Financial Corp now owns 3,168,969 shares of the enterprise software provider’s stock worth $331,221,000 after purchasing an additional 825,030 shares during the last quarter. 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 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. 42.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

Several brokerages have recently issued reports on ORCL. Oppenheimer began coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. KeyCorp started coverage on Oracle in a research report 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 stock a “neutral” rating in a research report on Wednesday, March 13th. Finally, BMO Capital Markets increased their price objective on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Oracle Price Performance

ORCL stock traded up $0.84 on Friday, reaching $115.80. 4,484,976 shares of the company’s stock were exchanged, compared to its average volume of 6,128,065. Oracle Co. has a twelve month low of $94.41 and a twelve month high of $132.77. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a fifty day moving average of $119.91 and a 200-day moving average of $113.32. The firm has a market cap of $318.28 billion, a PE ratio of 30.55, a P/E/G ratio of 2.31 and a beta of 1.03.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter last year, the firm posted $0.96 EPS. The business’s revenue was up 7.1% compared to the same quarter last year. As a group, equities analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.38%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is currently 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.