Tidal Investments LLC Has $64.04 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Tidal Investments LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 132.7% in the fourth quarter, according to its most recent filing with the Securities and Exchange Commission. The firm owned 384,283 shares of the enterprise software provider's stock after acquiring an additional 219,115 shares during the quarter. Oracle accounts for about 0.5% of Tidal Investments LLC's investment portfolio, making the stock its 29th largest holding. Tidal Investments LLC's holdings in Oracle were worth $64,037,000 as of its most recent SEC filing.

Other institutional investors have also recently bought and sold shares of the company. Hennion & Walsh Asset Management Inc. raised its stake in shares of Oracle by 25.4% during the 4th quarter. Hennion & Walsh Asset Management Inc. now owns 9,311 shares of the enterprise software provider's stock worth $1,552,000 after purchasing an additional 1,884 shares in the last quarter. Certified Advisory Corp raised its stake in shares of Oracle by 1.8% during the 4th quarter. Certified Advisory Corp now owns 4,600 shares of the enterprise software provider's stock worth $767,000 after purchasing an additional 83 shares in the last quarter. Empirical Asset Management LLC raised its stake in shares of Oracle by 32.3% during the 4th quarter. Empirical Asset Management LLC now owns 15,413 shares of the enterprise software provider's stock worth $2,568,000 after purchasing an additional 3,761 shares in the last quarter. Capital & Planning LLC raised its stake in shares of Oracle by 0.5% during the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock worth $2,621,000 after purchasing an additional 81 shares in the last quarter. Finally, Boston Common Asset Management LLC raised its stake in shares of Oracle by 1.6% during the 4th quarter. Boston Common Asset Management LLC now owns 24,716 shares of the enterprise software provider's stock worth $4,119,000 after purchasing an additional 386 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

NYSE:ORCL traded up $1.80 during trading hours on Thursday, reaching $158.98. The company had a trading volume of 3,481,296 shares, compared to its average volume of 9,467,990. The stock has a 50-day moving average of $143.49 and a two-hundred day moving average of $162.32. Oracle Co. has a one year low of $114.55 and a one year high of $198.31. The firm has a market capitalization of $444.66 billion, a PE ratio of 38.87, a PEG ratio of 3.46 and a beta of 1.27. 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 announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share 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 during the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the company earned $1.41 earnings per share. The business's revenue was up 6.4% on a year-over-year basis. Analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.26%. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio is presently 46.95%.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction 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 owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 27,366 shares of company stock worth $4,015,723. Insiders own 42.20% of the company's stock.

Analyst Ratings Changes

ORCL has been the subject of several analyst reports. Guggenheim restated a "buy" rating and issued a $220.00 target price on shares of Oracle in a report on Thursday, April 3rd. DA Davidson reduced their target price on Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. JPMorgan Chase & Co. reduced their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Finally, Bank of America cut their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has given a strong buy rating to the company. According to MarketBeat, Oracle currently has an average rating of "Moderate Buy" and a consensus 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.