Armis Advisers LLC Buys New Holdings in Oracle Co. (NYSE:ORCL)

Armis Advisers LLC bought a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 2,776 shares of the enterprise software provider's stock, valued at approximately $463,000.

Other institutional investors and hedge funds have also bought and sold shares of the company. R Squared Ltd acquired a new position in Oracle during the fourth quarter worth approximately $25,000. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the fourth quarter worth approximately $30,000. Hurley Capital LLC bought a new position in shares of Oracle during the fourth quarter worth approximately $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle during the fourth quarter worth approximately $34,000. Finally, TFC Financial Management Inc. increased its stake in shares of Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares during the period. Institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock valued at $4,015,723 in the last three months. Insiders own 42.20% of the company's stock.

Oracle Price Performance

Shares of NYSE ORCL traded up $2.06 during mid-day trading on Wednesday, hitting $163.97. 8,057,828 shares of the stock traded hands, compared to its average volume of 9,493,997. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a twelve month low of $114.55 and a twelve month high of $198.31. The company has a market cap of $458.62 billion, a PE ratio of 40.09, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The firm has a 50 day simple moving average of $143.94 and a two-hundred day simple moving average of $161.60.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm'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 earned $1.41 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a dividend of $0.50 per share. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.22%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio (DPR) is currently 46.95%.

Wall Street Analyst Weigh In

A number of brokerages have recently weighed in on ORCL. Cantor Fitzgerald lowered their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. JPMorgan Chase & Co. lowered their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Stifel Nicolaus lowered their target price on Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research note on Tuesday, March 11th. Piper Sandler reiterated a "neutral" rating and set a $130.00 target price (down previously from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Finally, UBS Group reiterated a "market perform" rating on shares of Oracle in a research note on Tuesday, March 11th. 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 data from MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

Oracle Company 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.