Michels Family Financial LLC Acquires Shares of 3,226 Oracle Co. (NYSE:ORCL)

Michels Family Financial LLC bought a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund bought 3,226 shares of the enterprise software provider's stock, valued at approximately $538,000.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Peak Retirement Planning Inc. purchased a new position in Oracle during the fourth quarter worth about $211,000. Toronto Dominion Bank grew its position in shares of Oracle by 15.2% during the 4th quarter. Toronto Dominion Bank now owns 679,325 shares of the enterprise software provider's stock valued at $113,199,000 after acquiring an additional 89,723 shares during the period. North Star Asset Management Inc. grew its position in shares of Oracle by 6.0% during the 4th quarter. North Star Asset Management Inc. now owns 20,462 shares of the enterprise software provider's stock valued at $3,410,000 after acquiring an additional 1,166 shares during the period. Breakthru Advisory Services LLC bought a new position in shares of Oracle during the 4th quarter valued at approximately $320,000. Finally, Sunbelt Securities Inc. grew its position in shares of Oracle by 10.8% during the 4th quarter. Sunbelt Securities Inc. now owns 9,410 shares of the enterprise software provider's stock valued at $1,571,000 after acquiring an additional 917 shares during the period. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

A number of research firms have recently weighed in on ORCL. Stifel Nicolaus reduced their target price 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. Piper Sandler restated a "neutral" rating and set a $130.00 price target (down from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. 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. Jefferies Financial Group dropped their price target on shares of Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research note on Monday, March 31st. Finally, Barclays dropped their price target on shares of Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

Insider Activity

In other news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 in the last quarter. 42.20% of the stock is owned by company insiders.

Oracle Trading Up 3.8%

Shares of ORCL stock traded up $5.87 on Tuesday, hitting $161.84. 6,965,148 shares of the company's stock traded hands, compared to its average volume of 9,499,637. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a one year low of $114.55 and a one year high of $198.31. The company's fifty day simple moving average is $143.76 and its 200 day simple moving average is $161.60. The stock has a market capitalization of $452.66 billion, a price-to-earnings ratio of 39.57, a P/E/G ratio of 3.46 and a beta of 1.27.

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

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a $0.50 dividend. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.24%. The ex-dividend date was Thursday, April 10th. 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.