Bridgeway Capital Management LLC Increases Stock Position in Oracle Co. (NYSE:ORCL)

Bridgeway Capital Management LLC increased its position in Oracle Co. (NYSE:ORCL - Free Report) by 5.2% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 110,361 shares of the enterprise software provider's stock after buying an additional 5,425 shares during the quarter. Bridgeway Capital Management LLC's holdings in Oracle were worth $18,391,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. R Squared Ltd purchased a new position in shares of Oracle in the 4th quarter valued at $25,000. Winch Advisory Services LLC increased its holdings in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock valued at $31,000 after purchasing an additional 87 shares in the last quarter. Hurley Capital LLC purchased a new position in Oracle in the fourth quarter valued at about $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle during the fourth quarter worth about $34,000. Finally, TFC Financial Management Inc. boosted its position in shares of Oracle by 129.0% in the fourth 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 during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock opened at $149.24 on Tuesday. The company has a market cap of $417.42 billion, a P/E ratio of 36.49, a PEG ratio of 3.46 and a beta of 1.27. The business has a 50 day moving average of $143.16 and a two-hundred day moving average of $163.56. Oracle Co. has a 52 week low of $114.55 and a 52 week high of $198.31. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) 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 company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the firm earned $1.41 EPS. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. As a group, analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

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

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, 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 disclosure for this sale can be found here. 42.20% of the stock is currently owned by insiders.

Analyst Ratings Changes

Several brokerages recently commented on ORCL. Stephens initiated coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price on the stock. Guggenheim reiterated a "buy" rating and set a $220.00 price objective on shares of Oracle in a research note on Thursday, April 3rd. Mizuho decreased their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Cantor Fitzgerald dropped their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Finally, Stifel Nicolaus decreased their price objective on shares of Oracle from $175.00 to $150.00 and set a "hold" rating for the company in a research report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the stock. According to MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $174.42.

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.

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