1248 Management LLC Invests $836,000 in Oracle Co. (NYSE:ORCL)

1248 Management LLC bought a new position in Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to its most recent filing with the SEC. The firm bought 5,017 shares of the enterprise software provider's stock, valued at approximately $836,000.

Several other large investors have also added to or reduced their stakes in ORCL. Vanguard Group Inc. boosted its position in shares of Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. FMR LLC increased its stake in Oracle by 0.4% in the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after purchasing an additional 156,269 shares during the period. Geode Capital Management LLC lifted its position in Oracle by 1.8% during the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after acquiring an additional 619,619 shares during the period. Franklin Resources Inc. increased its stake in Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after buying an additional 1,722,037 shares during the period. Finally, Northern Trust Corp boosted its holdings in Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after purchasing an additional 2,176,892 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on the stock. JMP Securities reissued a "market outperform" rating and issued a $205.00 price objective on shares of Oracle in a research note on Wednesday, January 22nd. KeyCorp reaffirmed an "overweight" rating and issued a $200.00 price objective on shares of Oracle in a research report on Tuesday, March 11th. JPMorgan Chase & Co. decreased their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a research report on Tuesday, March 11th. Barclays reduced their target price on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Finally, Jefferies Financial Group cut their target price on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a research report on Monday, March 31st. Fourteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average target price of $174.42.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 42.20% of the company's stock.

Oracle Stock Down 1.0 %

Oracle stock traded down $1.49 during mid-day trading on Monday, hitting $149.24. The company had a trading volume of 5,180,874 shares, compared to its average volume of 9,427,449. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $417.42 billion, a PE ratio of 36.49, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. Oracle Co. has a 12 month low of $114.55 and a 12 month high of $198.31. The stock's 50 day moving average price is $143.62 and its two-hundred day moving average price is $163.74.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the company posted $1.41 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 1.34%. The ex-dividend date was Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is currently 46.95%.

About Oracle

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.