CoreCap Advisors LLC Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

CoreCap Advisors LLC increased its stake in Oracle Co. (NYSE:ORCL - Free Report) by 41.2% during the 4th quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 17,290 shares of the enterprise software provider's stock after purchasing an additional 5,046 shares during the period. CoreCap Advisors LLC's holdings in Oracle were worth $2,881,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Principal Financial Group Inc. increased its position in shares of 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 during the period. Range Financial Group LLC bought a new stake in shares of Oracle in the fourth quarter worth about $375,000. Worth Asset Management LLC purchased a new position in Oracle during the 4th quarter valued at about $2,340,000. Fulton Bank N.A. raised its position in Oracle by 14.0% during the 4th quarter. Fulton Bank N.A. now owns 46,740 shares of the enterprise software provider's stock valued at $7,789,000 after purchasing an additional 5,739 shares during the last quarter. Finally, InvesTrust purchased a new stake in Oracle in the 4th quarter worth approximately $8,667,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28 % decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 in the last 90 days. 42.20% of the stock is owned by company insiders.

Analyst Ratings Changes

Several equities research analysts have recently commented on ORCL shares. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. JPMorgan Chase & Co. lowered their price objective on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. StockNews.com downgraded Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Piper Sandler restated a "neutral" rating and issued a $130.00 target price (down previously from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Finally, Barclays reduced their price target on Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Stock Performance

Shares of Oracle stock opened at $149.29 on Thursday. The stock has a market capitalization of $417.56 billion, a price-to-earnings ratio of 36.50, a PEG ratio of 3.46 and a beta of 1.27. The firm's fifty day simple moving average is $142.49 and its 200-day simple moving average is $163.36. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 12 month low of $114.55 and a 12 month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results 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). 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 firm's revenue was up 6.4% on a year-over-year basis. During the same period in the previous year, the firm earned $1.41 EPS. As a group, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were given a dividend of $0.50 per share. 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 annualized dividend and a yield of 1.34%. Oracle's payout ratio is 46.95%.

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.

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