Syon Capital LLC Buys 7,777 Shares of Oracle Co. (NYSE:ORCL)

Syon Capital LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 42.6% in the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 26,038 shares of the enterprise software provider’s stock after purchasing an additional 7,777 shares during the quarter. Syon Capital LLC’s holdings in Oracle were worth $2,745,000 at the end of the most recent quarter.

Several other hedge funds have also recently added to or reduced their stakes in the business. Two Point Capital Management Inc. boosted its stake in Oracle by 11.0% during the 4th quarter. Two Point Capital Management Inc. now owns 83,913 shares of the enterprise software provider’s stock valued at $8,847,000 after purchasing an additional 8,301 shares during the period. Meritage Portfolio Management raised its holdings in Oracle by 41.5% in the 4th quarter. Meritage Portfolio Management now owns 3,412 shares of the enterprise software provider’s stock valued at $360,000 after acquiring an additional 1,000 shares in the last quarter. Roffman Miller Associates Inc. PA raised its holdings in Oracle by 459.6% in the 4th quarter. Roffman Miller Associates Inc. PA now owns 46,510 shares of the enterprise software provider’s stock valued at $4,904,000 after acquiring an additional 38,198 shares in the last quarter. Lyell Wealth Management LP raised its holdings in Oracle by 70.6% in the 4th quarter. Lyell Wealth Management LP now owns 4,397 shares of the enterprise software provider’s stock valued at $464,000 after acquiring an additional 1,820 shares in the last quarter. Finally, Bailard Inc. raised its holdings in Oracle by 189.3% in the 4th quarter. Bailard Inc. now owns 79,636 shares of the enterprise software provider’s stock valued at $8,396,000 after acquiring an additional 52,106 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 42.80% of the stock is currently owned by company insiders.

Oracle Trading Up 2.0 %

Shares of NYSE:ORCL traded up $2.32 during midday trading on Friday, hitting $117.21. The company had a trading volume of 8,254,427 shares, compared to its average volume of 8,476,793. Oracle Co. has a 12 month low of $93.29 and a 12 month high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock has a market cap of $322.15 billion, a price-to-earnings ratio of 30.31, a PEG ratio of 2.31 and a beta of 1.01. The firm has a fifty day simple moving average of $119.30 and a 200 day simple moving average of $113.06.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period last year, the company earned $0.96 EPS. The firm’s revenue was up 7.1% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.37%. The ex-dividend date was Tuesday, April 9th. Oracle’s payout ratio is presently 42.22%.

Analysts Set New Price Targets

Several equities analysts have commented on ORCL shares. The Goldman Sachs Group upped their price target on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. KeyCorp began coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. HSBC increased their target price on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. BMO Capital Markets increased their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Finally, Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

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.