Brucke Financial Inc. Invests $829,000 in Oracle Co. (NYSE:ORCL)

Brucke Financial Inc. acquired a new position in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor acquired 4,873 shares of the enterprise software provider's stock, valued at approximately $829,000.

Other hedge funds and other institutional investors have also recently modified their holdings of the company. R Squared Ltd purchased a new stake in Oracle in the 4th quarter worth about $25,000. Sunbeam Capital Management LLC purchased a new stake in Oracle in the 4th quarter worth about $30,000. Hurley Capital LLC purchased a new stake in Oracle in the 4th quarter worth about $33,000. Synergy Investment Management LLC purchased a new stake in Oracle in the 4th quarter worth about $34,000. Finally, TFC Financial Management Inc. raised its position in Oracle by 129.0% in the 4th 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. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director now owns 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the company'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 transaction of $2,646,700.00. Following the sale, the director now directly owns 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. Corporate insiders own 42.20% of the company's stock.

Oracle Price Performance

Oracle stock traded down $1.87 during trading hours on Thursday, hitting $161.98. 3,622,183 shares of the stock were exchanged, compared to its average volume of 9,481,718. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock has a market capitalization of $453.05 billion, a P/E ratio of 39.56, a P/E/G 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 business's 50-day moving average is $144.16 and its two-hundred day moving average is $161.61.

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

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were issued a $0.50 dividend. The ex-dividend date was Thursday, April 10th. 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 1.23%. Oracle's dividend payout ratio (DPR) is 46.95%.

Analyst Ratings Changes

ORCL has been the topic of several research reports. Mizuho cut their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a report on Tuesday, April 15th. Cantor Fitzgerald lowered their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research note on Tuesday, March 11th. Westpark Capital began coverage on shares of Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 target price for the company. Stephens began coverage on shares of Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price for the company. Finally, Piper Sandler restated a "neutral" rating and issued a $130.00 target price (down from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the company has an average rating of "Moderate Buy" and an average target price 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.