KG&L Capital Management LLC raised its position in shares of Oracle Co. (NYSE:ORCL – Get Rating) by 454.5% in the 1st quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 19,690 shares of the enterprise software provider’s stock after buying an additional 16,139 shares during the quarter. KG&L Capital Management LLC’s holdings in Oracle were worth $1,629,000 as of its most recent SEC filing.
Several other institutional investors have also added to or reduced their stakes in ORCL. PFG Advisors grew its holdings in Oracle by 3.3% during the 4th quarter. PFG Advisors now owns 3,900 shares of the enterprise software provider’s stock valued at $340,000 after buying an additional 123 shares in the last quarter. Ahrens Investment Partners LLC purchased a new position in shares of Oracle in the 4th quarter worth approximately $44,000. Avantax Advisory Services Inc. boosted its holdings in shares of Oracle by 15.7% in the 4th quarter. Avantax Advisory Services Inc. now owns 29,036 shares of the enterprise software provider’s stock worth $2,532,000 after purchasing an additional 3,948 shares during the period. Lake Street Financial LLC purchased a new position in shares of Oracle in the 4th quarter worth approximately $532,000. Finally, TCI Wealth Advisors Inc. boosted its holdings in shares of Oracle by 6.7% in the 4th quarter. TCI Wealth Advisors Inc. now owns 3,313 shares of the enterprise software provider’s stock worth $289,000 after purchasing an additional 207 shares during the period. Hedge funds and other institutional investors own 42.33% of the company’s stock.
Oracle Trading Up 2.9 %
ORCL opened at $72.24 on Wednesday. The firm has a market cap of $192.51 billion, a price-to-earnings ratio of 30.10, a PEG ratio of 2.00 and a beta of 0.84. Oracle Co. has a 12 month low of $63.76 and a 12 month high of $106.34. The stock has a fifty day moving average price of $70.19 and a 200-day moving average price of $76.55.
Oracle (NYSE:ORCL – Get Rating) last released its quarterly earnings results on Monday, June 13th. The enterprise software provider reported $1.31 EPS for the quarter, topping the consensus estimate of $1.17 by $0.14. The firm had revenue of $11.84 billion during the quarter, compared to analyst estimates of $11.65 billion. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The business’s revenue for the quarter was up 5.5% compared to the same quarter last year. During the same period in the previous year, the company posted $1.40 EPS. On average, equities research analysts forecast that Oracle Co. will post 4.43 EPS for the current year.
Oracle Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a dividend yield of 1.77%. The ex-dividend date of this dividend is Monday, July 11th. Oracle’s payout ratio is 53.33%.
Analysts Set New Price Targets
A number of brokerages have recently commented on ORCL. StockNews.com began coverage on Oracle in a report on Thursday, March 31st. They issued a “buy” rating for the company. Barclays set a $82.00 target price on Oracle in a report on Tuesday, June 14th. BMO Capital Markets dropped their target price on Oracle from $92.00 to $86.00 in a report on Tuesday, June 14th. Stifel Nicolaus dropped their price objective on Oracle from $83.00 to $72.00 in a report on Tuesday, June 14th. Finally, UBS Group set a $75.00 price objective on Oracle in a report on Tuesday, June 14th. Two investment analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and ten have assigned a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Hold” and a consensus price target of $90.26.
Insider Transactions at Oracle
In related news, insider Edward Screven sold 419,174 shares of the business’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the transaction, the insider now directly owns 2,492,613 shares in the company, valued at approximately $172,538,671.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In related news, insider Edward Screven sold 419,174 shares of the business’s stock in a transaction on Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the transaction, the insider now directly owns 2,492,613 shares in the company, valued at approximately $172,538,671.86. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. Also, CEO Safra Catz sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, June 22nd. The stock was sold at an average price of $66.87, for a total value of $66,870,000.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $74,800,247.04. The disclosure for this sale can be found here. In the last three months, insiders sold 3,399,174 shares of company stock valued at $232,369,224. Corporate insiders own 43.40% 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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.
See Also
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