Flavin Financial Services Inc. Invests $2.72 Million in Oracle Co. (NYSE:ORCL)

Flavin Financial Services Inc. purchased a new position in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund purchased 16,321 shares of the enterprise software provider’s stock, valued at approximately $2,720,000. Oracle accounts for about 2.6% of Flavin Financial Services Inc.’s portfolio, making the stock its 12th largest holding.

A number of other hedge funds and other institutional investors have also recently modified their holdings of the business. R Squared Ltd acquired a new position in Oracle in the 4th quarter valued at about $25,000. Winch Advisory Services LLC grew its position in Oracle by 89.7% in the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock valued at $31,000 after acquiring an additional 87 shares in the last quarter. Reston Wealth Management LLC acquired a new position in shares of Oracle during the third quarter worth about $44,000. Synergy Asset Management LLC acquired a new position in shares of Oracle during the fourth quarter worth about $47,000. Finally, Avondale Wealth Management acquired a new position in shares of Oracle during the third quarter worth about $51,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Down 0.9 %

Shares of ORCL stock opened at $168.60 on Tuesday. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The firm has a market capitalization of $471.57 billion, a PE ratio of 41.22, a price-to-earnings-growth ratio of 3.35 and a beta of 1.05. The stock has a fifty day moving average of $171.89 and a two-hundred day moving average of $163.58. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.06 billion during the quarter, compared to analyst estimates of $14.12 billion. During the same quarter last year, the company earned $1.34 EPS. The company’s quarterly revenue was up 8.6% compared to the same quarter last year. As a group, research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Stockholders of record on Thursday, January 23rd were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s dividend payout ratio is 39.12%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 345,174 shares of the company’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. This represents a 23.58 % decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on the company. BMO Capital Markets boosted their target price on Oracle from $173.00 to $205.00 and gave the stock a “market perform” rating in a research note on Tuesday, December 10th. Citigroup increased their target price on Oracle from $157.00 to $194.00 and gave the stock a “neutral” rating in a research report on Tuesday, December 10th. BNP Paribas upgraded Oracle to a “strong-buy” rating in a report on Tuesday, December 10th. DA Davidson increased their target price on Oracle from $140.00 to $150.00 and gave the company a “neutral” rating in a research note on Tuesday, December 10th. Finally, Cantor Fitzgerald initiated coverage on Oracle in a report on Friday, January 17th. They set an “overweight” rating and a $214.00 price objective on the stock. One investment analyst has rated the stock with a sell rating, ten have issued a hold rating, eighteen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the company currently has an average rating of “Moderate Buy” and an average target price of $182.73.

About Oracle

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.