Alight Capital Management LP Boosts Stock Holdings in Oracle Co. (NYSE:ORCL)

Alight Capital Management LP boosted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 33.3% in the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 40,000 shares of the enterprise software provider's stock after purchasing an additional 10,000 shares during the period. Oracle comprises approximately 2.2% of Alight Capital Management LP's investment portfolio, making the stock its 15th biggest position. Alight Capital Management LP's holdings in Oracle were worth $6,666,000 at the end of the most recent quarter.

Several other large investors have also bought and sold shares of ORCL. R Squared Ltd acquired a new stake in Oracle during the 4th quarter worth approximately $25,000. Winch Advisory Services LLC lifted its holdings in shares of Oracle by 89.7% during the fourth quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider's stock worth $31,000 after purchasing an additional 87 shares during the period. Hurley Capital LLC bought a new stake in shares of Oracle in the fourth quarter worth $33,000. Synergy Investment Management LLC acquired a new stake in Oracle in the fourth quarter valued at $34,000. Finally, TFC Financial Management Inc. raised its position in Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Company insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on the company. Mizuho decreased their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. KeyCorp reissued an "overweight" rating and set a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 price target on shares of Oracle and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Citigroup decreased their price objective on shares of Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a research report on Wednesday, March 12th. Finally, BMO Capital Markets dropped their target price on shares of Oracle from $205.00 to $175.00 and set a "market perform" rating on the stock in a report on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average target price of $174.42.

Oracle Stock Up 3.6 %

Shares of Oracle stock traded up $5.28 on Friday, hitting $150.77. The company had a trading volume of 11,338,726 shares, compared to its average volume of 9,444,493. The stock has a market capitalization of $421.70 billion, a price-to-earnings ratio of 36.86, a P/E/G ratio of 3.46 and a beta of 1.27. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 1 year low of $114.55 and a 1 year high of $198.31. The stock has a 50 day moving average of $143.62 and a 200-day moving average of $163.82.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the business posted $1.41 earnings per share. Oracle's revenue was up 6.4% on a year-over-year basis. As a group, sell-side analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.33%. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio is presently 46.95%.

Oracle Profile

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.