Cary Street Partners Financial LLC Invests $2.55 Million in Oracle Co. (NYSE:ORCL)

Cary Street Partners Financial LLC acquired a new position in Oracle Co. (NYSE:ORCL - Free Report) in the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund acquired 15,301 shares of the enterprise software provider's stock, valued at approximately $2,550,000.

Other hedge funds also recently bought and sold shares of the company. Principal Financial Group Inc. boosted its stake in Oracle by 5.3% in the third quarter. Principal Financial Group Inc. now owns 2,416,362 shares of the enterprise software provider's stock valued at $411,748,000 after acquiring an additional 121,874 shares in the last quarter. Diversified Trust Co boosted its position in shares of Oracle by 34.3% in the 4th quarter. Diversified Trust Co now owns 36,311 shares of the enterprise software provider's stock worth $6,051,000 after purchasing an additional 9,271 shares in the last quarter. Spartan Planning & Wealth Management purchased a new position in Oracle during the 4th quarter worth $550,000. One Wealth Capital Management LLC acquired a new position in Oracle during the 4th quarter valued at about $1,530,000. Finally, Range Financial Group LLC purchased a new stake in Oracle in the fourth quarter valued at about $375,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently issued reports on ORCL shares. Stephens started coverage on shares of Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective on the stock. KeyCorp reaffirmed an "overweight" rating and issued a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Westpark Capital assumed coverage on shares of Oracle in a report on Tuesday, April 1st. They set a "buy" rating and a $195.00 price objective on the stock. JMP Securities reissued a "market outperform" rating and issued a $205.00 target price on shares of Oracle in a research report on Wednesday, January 22nd. Finally, Bank of America dropped their price target on Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat, the stock currently has an average rating of "Moderate Buy" and an average price target of $174.42.

Oracle Stock Performance

NYSE ORCL opened at $148.03 on Wednesday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock's 50 day simple moving average is $142.82 and its 200-day simple moving average is $163.46. The company has a market cap of $414.04 billion, a PE ratio of 36.19, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. Oracle Co. has a 1-year low of $114.55 and a 1-year high of $198.31.

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

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.35%. Oracle's dividend payout ratio is 46.95%.

Insider Activity at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of Oracle 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 sale, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. The trade was a 7.93 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by insiders.

Oracle Company 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.

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