City National Bank of Florida MSD Invests $274,000 in Oracle Co. (NYSE:ORCL)

City National Bank of Florida MSD acquired a new position in shares of Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 1,642 shares of the enterprise software provider's stock, valued at approximately $274,000.

Other institutional investors and hedge funds have also modified their holdings of the company. R Squared Ltd bought a new stake in Oracle in the fourth quarter valued at about $25,000. Hurley Capital LLC bought a new stake in shares of Oracle in the 4th quarter worth about $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle in the 4th quarter worth about $34,000. TFC Financial Management Inc. increased its position in shares of Oracle by 129.0% during 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 in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle during the 4th quarter valued at about $36,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 0.8%

NYSE ORCL traded down $1.27 on Monday, reaching $156.04. The company had a trading volume of 6,526,074 shares, compared to its average volume of 9,509,817. Oracle Co. has a 52 week low of $114.55 and a 52 week high of $198.31. The stock's 50 day moving average is $143.68 and its 200-day moving average is $161.83. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $436.44 billion, a price-to-earnings ratio of 38.15, a PEG ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The company had revenue of $14.13 billion during 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%. The business's revenue was up 6.4% compared to the same quarter last year. During the same period last year, the company earned $1.41 earnings per share. Equities analysts predict that Oracle Co. will post 5 earnings per share for the current 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 1.28%. Oracle's dividend payout ratio (DPR) is 46.95%.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the business'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 directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company's stock, valued at approximately $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. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 over the last three months. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have weighed in on ORCL. Cantor Fitzgerald decreased their price objective 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. Mizuho cut their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Royal Bank of Canada set a $145.00 target price on Oracle and gave the company a "sector perform" rating in a research note on Tuesday, March 11th. JPMorgan Chase & Co. reduced their price target on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating on the stock in a research report on Tuesday, March 11th. Finally, Stephens assumed coverage on shares of Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective on the stock. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average price target 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.