Breed s Hill Capital LLC Increases Holdings in Oracle Co. (NYSE:ORCL)

Breed s Hill Capital LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 48.1% in the 4th quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 6,051 shares of the enterprise software provider's stock after purchasing an additional 1,965 shares during the quarter. Breed s Hill Capital LLC's holdings in Oracle were worth $1,008,000 at the end of the most recent reporting period.

Other large investors have also recently made changes to their positions in the company. R Squared Ltd purchased a new stake in shares of Oracle during the 4th quarter valued at $25,000. Hurley Capital LLC purchased a new stake in shares of Oracle during the 4th quarter valued at $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle during the 4th quarter valued at $34,000. TFC Financial Management Inc. increased its position in shares of Oracle by 129.0% during the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle during the 4th quarter valued at $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ORCL shares. Citigroup decreased their price objective on Oracle from $194.00 to $160.00 and set a "neutral" rating for the company in a report on Wednesday, March 12th. Cantor Fitzgerald decreased their price objective on Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Evercore ISI decreased their price objective on Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Bank of America decreased their price objective on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Finally, Stephens started coverage on Oracle in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective for the company. Fourteen investment analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $174.42.

Oracle Stock Up 0.1%

Shares of NYSE ORCL opened at $157.27 on Friday. Oracle Co. has a 52 week low of $114.55 and a 52 week high of $198.31. The business has a 50-day simple moving average of $143.55 and a two-hundred day simple moving average of $162.24. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market cap of $439.88 billion, a P/E ratio of 38.45, a P/E/G ratio of 3.46 and a beta of 1.27.

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

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.27%. The ex-dividend date was Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. Oracle's dividend payout ratio (DPR) is 46.95%.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,866 shares of Oracle 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 sale, the director now owns 31,764 shares in the company, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $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. In the last 90 days, insiders sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is currently owned by insiders.

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.

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