Fundamentun LLC Takes Position in Oracle Co. (NYSE:ORCL)

Fundamentun LLC bought a new position in shares of Oracle Co. (NYSE:ORCL – Get Rating) during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund bought 2,538 shares of the enterprise software provider’s stock, valued at approximately $207,000.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Great West Life Assurance Co. Can bought a new stake in Oracle during the third quarter worth approximately $236,318,000. Bessemer Group Inc. raised its holdings in Oracle by 2,666.2% during the third quarter. Bessemer Group Inc. now owns 2,547,659 shares of the enterprise software provider’s stock worth $155,585,000 after purchasing an additional 2,455,560 shares in the last quarter. Caisse DE Depot ET Placement DU Quebec raised its holdings in Oracle by 102.7% during the second quarter. Caisse DE Depot ET Placement DU Quebec now owns 3,684,705 shares of the enterprise software provider’s stock worth $257,450,000 after purchasing an additional 1,866,463 shares in the last quarter. Primecap Management Co. CA raised its holdings in Oracle by 16.4% during the second quarter. Primecap Management Co. CA now owns 12,019,801 shares of the enterprise software provider’s stock worth $839,823,000 after purchasing an additional 1,693,271 shares in the last quarter. Finally, Renaissance Technologies LLC bought a new stake in Oracle during the second quarter worth approximately $97,485,000. Institutional investors own 40.96% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages recently commented on ORCL. TheStreet raised Oracle from a “c” rating to a “b-” rating in a report on Thursday, January 26th. Cowen dropped their price target on Oracle from $98.00 to $96.00 and set an “outperform” rating on the stock in a report on Tuesday, December 13th. JPMorgan Chase & Co. set a $93.00 price target on Oracle and gave the company an “overweight” rating in a report on Friday, March 10th. BMO Capital Markets upped their price target on Oracle from $95.00 to $96.00 and gave the company a “market perform” rating in a report on Friday, March 10th. Finally, Stifel Nicolaus upped their price target on Oracle from $75.00 to $84.00 in a report on Friday, March 10th. One research analyst has rated the stock with a sell rating, ten have assigned a hold rating and fourteen have given a buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus price target of $95.06.

Insider Activity

In related news, Director Rona Alison Fairhead sold 8,080 shares of the company’s stock in a transaction on Friday, February 3rd. The shares were sold at an average price of $89.82, for a total value of $725,745.60. Following the completion of the sale, the director now directly owns 11,197 shares in the company, valued at $1,005,714.54. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 43.70% of the stock is currently owned by corporate insiders.

Oracle Stock Up 0.5 %

Shares of Oracle stock traded up $0.44 on Friday, hitting $85.26. 13,066,028 shares of the company traded hands, compared to its average volume of 7,456,831. The company has a 50-day moving average price of $87.66 and a 200 day moving average price of $79.45. Oracle Co. has a 12-month low of $60.78 and a 12-month high of $91.22. The company has a market cap of $230.18 billion, a PE ratio of 28.14, a PEG ratio of 2.66 and a beta of 1.02.

Oracle (NYSE:ORCL – Get Rating) last posted its quarterly earnings results on Thursday, March 9th. The enterprise software provider reported $1.22 EPS for the quarter, beating the consensus estimate of $1.20 by $0.02. Oracle had a net margin of 17.46% and a negative return on equity of 262.40%. The business had revenue of $12.40 billion for the quarter, compared to analysts’ expectations of $12.42 billion. During the same period in the previous year, the company posted $0.94 EPS. Oracle’s revenue was up 17.9% on a year-over-year basis. Equities research analysts anticipate that Oracle Co. will post 3.99 EPS for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which will be paid on Monday, April 24th. Stockholders of record on Tuesday, April 11th will be issued a dividend of $0.40 per share. This is a boost from Oracle’s previous quarterly dividend of $0.32. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. The ex-dividend date is Monday, April 10th. Oracle’s payout ratio is currently 42.24%.

About Oracle

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Oracle Corp. engages in the provision of products and services that address all aspects of corporate information technology environments. It operates through the following business segments: Cloud and License, Hardware, and Services. The Cloud and License segment markets, sells, and delivers applications, platform, and infrastructure technologies.