Capital Investment Counsel Inc Has $5.48 Million Holdings in Oracle Corporation (NYSE:ORCL)

Capital Investment Counsel Inc raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 11.0% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 39,163 shares of the enterprise software provider's stock after purchasing an additional 3,874 shares during the quarter. Oracle makes up about 0.8% of Capital Investment Counsel Inc's investment portfolio, making the stock its 23rd largest position. Capital Investment Counsel Inc's holdings in Oracle were worth $5,475,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. grew its position in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after buying an additional 60 shares during the last quarter. Greenwood Gearhart Inc. lifted its stake in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares during the period. WorthPointe LLC lifted its stake in shares of Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after acquiring an additional 67 shares during the period. Stage Harbor Financial LLC lifted its stake in shares of Oracle by 5.0% in the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after acquiring an additional 68 shares during the period. Finally, J. L. Bainbridge & Co. Inc. raised its holdings in shares of Oracle by 5.5% in the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock worth $226,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

NYSE:ORCL traded up $7.41 during trading hours on Thursday, reaching $237.39. 18,441,376 shares of the stock were exchanged, compared to its average volume of 10,140,491. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $237.94. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $666.79 billion, a P/E ratio of 54.70, a P/E/G ratio of 3.44 and a beta of 1.39. The firm has a 50 day simple moving average of $174.16 and a 200-day simple moving average of $163.33.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. As a group, sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Buying and Selling at Oracle

In other Oracle 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 transaction of $2,646,700.00. Following the completion of the transaction, the director owned 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. 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 transaction, the director owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 440,366 shares of company stock valued at $83,103,603. Corporate insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ORCL. Barclays restated an "overweight" rating and issued a $221.00 price target (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Royal Bank Of Canada raised their target price on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research note on Thursday, June 12th. Bank of America raised their price target on shares of Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, TD Cowen lifted their price target on shares of Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average target price of $204.15.

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.