Christopher J. Hasenberg Inc Buys New Shares in Oracle Co. (NYSE:ORCL)

Christopher J. Hasenberg Inc purchased a new position in Oracle Co. (NYSE:ORCL) in the 4th quarter, Holdings Channel.com reports. The fund purchased 2,561 shares of the enterprise software provider’s stock, valued at approximately $270,000. Oracle accounts for about 0.2% of Christopher J. Hasenberg Inc’s investment portfolio, making the stock its 20th largest holding.

Several other institutional investors have also added to or reduced their stakes in the business. Invst LLC lifted its stake in Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after purchasing an additional 86 shares in the last quarter. Nemes Rush Group LLC lifted its position in shares of Oracle by 1.2% in the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock worth $773,000 after buying an additional 86 shares in the last quarter. Avidian Wealth Solutions LLC lifted its position in shares of Oracle by 1.1% in the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after buying an additional 90 shares in the last quarter. Sovereign Financial Group Inc. boosted its stake in Oracle by 2.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after buying an additional 90 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. grew its holdings in Oracle by 0.3% during the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after buying an additional 90 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity

In other Oracle news, CEO Safra Catz sold 790,000 shares of the 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 legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Company insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have recently commented on the company. HSBC raised their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, April 23rd. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. BMO Capital Markets boosted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Finally, KeyCorp assumed coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective on the stock. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Oracle Trading Down 0.6 %

Shares of Oracle stock traded down $0.71 on Monday, hitting $116.50. 5,189,586 shares of the company traded hands, compared to its average volume of 8,437,914. 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 company has a market cap of $320.20 billion, a PE ratio of 30.74, a PEG ratio of 2.35 and a beta of 1.01. The stock’s 50 day moving average price is $119.52 and its 200-day moving average price is $113.21. Oracle Co. has a 52 week low of $93.85 and a 52 week high of $132.77.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts’ consensus estimates 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 during the quarter, compared to analyst estimates of $13.29 billion. During the same period in the previous year, the company posted $0.96 EPS. Oracle’s revenue was up 7.1% on a year-over-year basis. Equities research analysts predict that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.37%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is 42.22%.

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.