Flynn Zito Capital Management LLC Buys 140 Shares of Oracle Co. (NYSE:ORCL)

Flynn Zito Capital Management LLC grew its stake in Oracle Co. (NYSE:ORCL) by 4.4% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 3,336 shares of the enterprise software provider’s stock after purchasing an additional 140 shares during the period. Flynn Zito Capital Management LLC’s holdings in Oracle were worth $352,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the stock. Fairfield Bush & CO. grew its stake in Oracle by 3.1% during the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock worth $6,105,000 after buying an additional 2,221 shares during the last quarter. AMI Investment Management Inc. lifted its holdings in shares of Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after buying an additional 579 shares during the period. Baird Financial Group Inc. raised its holdings in Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock worth $48,686,000 after purchasing an additional 132,920 shares during the period. Zions Bancorporation N.A. raised its holdings in Oracle by 79.6% in the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after purchasing an additional 3,038 shares during the period. Finally, Covestor Ltd raised its holdings in Oracle by 125.2% in the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after purchasing an additional 1,109 shares during the period. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of equities analysts recently weighed in on ORCL shares. Erste Group Bank reaffirmed a “hold” rating on shares of Oracle in a report on Friday, December 22nd. KeyCorp began coverage on Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. The Goldman Sachs Group boosted their price objective on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Finally, Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Eleven investment analysts have rated the stock with a hold rating and fourteen have given a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Trading Down 2.2 %

NYSE:ORCL traded down $2.67 during trading hours on Thursday, reaching $116.00. 6,633,474 shares of the stock were exchanged, compared to its average volume of 8,575,121. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The business has a 50-day moving average of $119.28 and a two-hundred day moving average of $112.78. Oracle Co. has a twelve month low of $93.29 and a twelve month high of $132.77. The company has a market capitalization of $318.83 billion, a price-to-earnings ratio of 31.31, a PEG ratio of 2.33 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping 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 company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the prior year, the firm earned $0.96 earnings per share. The firm’s revenue was up 7.1% compared to the same quarter last year. On average, equities analysts predict that Oracle Co. will post 4.44 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. The ex-dividend date is Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

Insider Activity

In other 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 value of $99,966,600.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Insiders own 42.80% of the company’s stock.

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.