Point72 Hong Kong Ltd Invests $271,000 in Oracle Co. (NYSE:ORCL)

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Point72 Hong Kong Ltd bought a new position in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund bought 5,119 shares of the enterprise software provider’s stock, valued at approximately $271,000.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in the stock. First National Bank of South Miami lifted its position in Oracle by 104.6% during the 4th quarter. First National Bank of South Miami now owns 489 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 250 shares in the last quarter. Lloyd Advisory Services LLC. bought a new position in shares of Oracle in the fourth quarter worth about $26,000. Samalin Investment Counsel LLC bought a new position in shares of Oracle in the fourth quarter worth about $27,000. Solstein Capital LLC bought a new position in shares of Oracle in the fourth quarter worth about $33,000. Finally, Wealth Alliance acquired a new position in shares of Oracle during the fourth quarter worth approximately $64,000. Institutional investors and hedge funds own 51.90% of the company’s stock.

A number of analysts recently weighed in on the stock. BMO Capital Markets lowered their price target on shares of Oracle from $62.00 to $46.00 and set a “market perform” rating for the company in a report on Friday, March 13th. Barclays reiterated a “neutral” rating and issued a $50.00 price objective on shares of Oracle in a research report on Friday, March 13th. Wedbush reiterated a “neutral” rating and issued a $49.00 price objective (down from $56.00) on shares of Oracle in a research report on Wednesday, March 11th. Wells Fargo & Co lowered their target price on Oracle from $65.00 to $55.00 and set an “overweight” rating for the company in a research note on Friday, March 13th. Finally, Goldman Sachs Group restated a “buy” rating and set a $52.00 target price on shares of Oracle in a research report on Thursday. Two investment analysts have rated the stock with a sell rating, seventeen have assigned a hold rating and ten have assigned a buy rating to the company. Oracle currently has a consensus rating of “Hold” and a consensus price target of $52.81.

In related news, Director Bruce R. Chizen sold 225,000 shares of the business’s stock in a transaction that occurred on Monday, January 13th. The stock was sold at an average price of $54.64, for a total value of $12,294,000.00. Following the completion of the transaction, the director now directly owns 135,813 shares in the company, valued at approximately $7,420,822.32. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Dorian Daley sold 50,000 shares of the stock in a transaction that occurred on Tuesday, January 14th. The stock was sold at an average price of $55.01, for a total value of $2,750,500.00. Following the sale, the executive vice president now directly owns 50,000 shares of the company’s stock, valued at $2,750,500. The disclosure for this sale can be found here. Company insiders own 36.60% of the company’s stock.

Shares of Oracle stock traded up $4.54 during trading on Thursday, hitting $50.48. 22,417,252 shares of the company were exchanged, compared to its average volume of 14,198,283. The company has a debt-to-equity ratio of 3.31, a current ratio of 2.12 and a quick ratio of 2.12. The firm has a market capitalization of $150.87 billion, a P/E ratio of 15.87, a price-to-earnings-growth ratio of 1.41 and a beta of 1.07. The firm’s fifty day moving average price is $50.60 and its 200 day moving average price is $53.63. Oracle Co. has a 1-year low of $39.71 and a 1-year high of $60.50.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Thursday, March 12th. The enterprise software provider reported $0.97 earnings per share for the quarter, beating analysts’ consensus estimates of $0.96 by $0.01. The business had revenue of $9.80 billion for the quarter, compared to the consensus estimate of $9.75 billion. Oracle had a net margin of 27.06% and a return on equity of 64.68%. Oracle’s revenue for the quarter was up 1.9% on a year-over-year basis. During the same period last year, the company posted $0.87 EPS. As a group, equities research analysts anticipate that Oracle Co. will post 3.49 earnings per share for the current year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, April 23rd. Stockholders of record on Thursday, April 9th will be given a dividend of $0.24 per share. The ex-dividend date of this dividend is Wednesday, April 8th. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.90%. Oracle’s dividend payout ratio is 30.38%.

Oracle declared that its board has authorized a stock buyback plan on Thursday, March 12th that authorizes the company to repurchase $15.00 billion in shares. This repurchase authorization authorizes the enterprise software provider to buy up to 9.8% of its stock through open market purchases. Stock repurchase plans are typically a sign that the company’s leadership believes its shares are undervalued.

About Oracle

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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