Oracle Co. (NYSE:ORCL) Shares Purchased by Breiter Capital Management Inc.

Breiter Capital Management Inc. boosted its holdings in Oracle Co. (NYSE:ORCL) by 1.4% during the fourth quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 17,632 shares of the enterprise software provider’s stock after acquiring an additional 239 shares during the period. Breiter Capital Management Inc.’s holdings in Oracle were worth $934,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. Kanawha Capital Management LLC raised its stake in shares of Oracle by 1.4% during the second quarter. Kanawha Capital Management LLC now owns 182,520 shares of the enterprise software provider’s stock valued at $10,398,000 after purchasing an additional 2,515 shares during the period. Arjuna Capital raised its stake in shares of Oracle by 3.1% during the second quarter. Arjuna Capital now owns 33,159 shares of the enterprise software provider’s stock valued at $1,889,000 after purchasing an additional 994 shares during the period. Balyasny Asset Management LLC raised its stake in shares of Oracle by 131.7% during the second quarter. Balyasny Asset Management LLC now owns 31,744 shares of the enterprise software provider’s stock valued at $1,808,000 after purchasing an additional 131,744 shares during the period. Marshall Wace LLP raised its stake in shares of Oracle by 462.0% during the second quarter. Marshall Wace LLP now owns 19,270 shares of the enterprise software provider’s stock valued at $1,098,000 after purchasing an additional 15,841 shares during the period. Finally, Victory Capital Management Inc. raised its stake in shares of Oracle by 15.2% during the second quarter. Victory Capital Management Inc. now owns 43,001 shares of the enterprise software provider’s stock valued at $2,450,000 after purchasing an additional 5,673 shares during the period. 52.30% of the stock is currently owned by hedge funds and other institutional investors.

Shares of Oracle stock opened at $54.98 on Friday. The company has a current ratio of 2.37, a quick ratio of 2.37 and a debt-to-equity ratio of 3.13. The company’s 50-day moving average price is $54.29 and its two-hundred day moving average price is $54.99. Oracle Co. has a 52 week low of $48.87 and a 52 week high of $60.50. The stock has a market cap of $175.52 billion, a PE ratio of 17.45, a price-to-earnings-growth ratio of 1.62 and a beta of 1.13.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Thursday, December 12th. The enterprise software provider reported $0.90 EPS for the quarter, topping the consensus estimate of $0.88 by $0.02. Oracle had a net margin of 27.62% and a return on equity of 56.86%. The firm had revenue of $9.62 billion for the quarter, compared to analysts’ expectations of $9.65 billion. During the same period in the previous year, the business earned $0.80 earnings per share. Oracle’s revenue for the quarter was down .4% compared to the same quarter last year. On average, equities analysts predict that Oracle Co. will post 3.47 EPS for the current fiscal year.

The business also recently disclosed a quarterly dividend, which was paid on Thursday, January 23rd. Shareholders of record on Thursday, January 9th were issued a dividend of $0.24 per share. The ex-dividend date was Wednesday, January 8th. This represents a $0.96 annualized dividend and a yield of 1.75%. Oracle’s payout ratio is presently 30.38%.

A number of research firms have recently weighed in on ORCL. UBS Group reissued a “neutral” rating and set a $57.00 price target on shares of Oracle in a research report on Monday, December 9th. Jefferies Financial Group reissued a “neutral” rating and set a $60.00 price target on shares of Oracle in a research report on Friday, December 13th. Barclays decreased their price target on shares of Oracle from $61.00 to $60.00 and set an “equal weight” rating for the company in a research report on Friday, December 13th. Credit Suisse Group set a $62.00 price objective on shares of Oracle and gave the stock a “buy” rating in a report on Tuesday, December 17th. Finally, Zacks Investment Research downgraded shares of Oracle from a “hold” rating to a “sell” rating in a report on Tuesday, November 26th. Three research analysts have rated the stock with a sell rating, nineteen have issued a hold rating and eight have issued a buy rating to the stock. The company has an average rating of “Hold” and an average price target of $57.67.

In other Oracle news, Director Bruce R. Chizen sold 225,000 shares of the business’s stock in a transaction dated Monday, January 13th. The stock was sold at an average price of $54.64, for a total transaction of $12,294,000.00. Following the sale, the director now owns 135,813 shares in the company, valued at approximately $7,420,822.32. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Jeffrey Berg sold 9,550 shares of the business’s stock in a transaction dated Friday, November 8th. The stock was sold at an average price of $56.59, for a total value of $540,434.50. In the last 90 days, insiders have sold 289,193 shares of company stock worth $15,846,893. Corporate insiders own 36.60% of the company’s stock.

Oracle Company Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Read More: Growth Stocks

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.