Curat Global LLC Makes New $246,000 Investment in Oracle Co. (NYSE:ORCL)

Curat Global LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 1,760 shares of the enterprise software provider's stock, valued at approximately $246,000.

Other institutional investors have also recently made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the fourth quarter valued at about $30,000. Hurley Capital LLC acquired a new position in shares of Oracle during the fourth quarter valued at about $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle during the fourth quarter valued at about $34,000. TFC Financial Management Inc. raised its holdings in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after acquiring an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle in the 4th quarter worth about $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 5,000 shares of the company's 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 directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director now owns 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 27,366 shares of company stock worth $4,015,723. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

Shares of Oracle stock traded up $3.08 on Friday, reaching $174.22. 6,828,176 shares of the company traded hands, compared to its average volume of 9,518,460. The firm has a market capitalization of $487.29 billion, a PE ratio of 42.60, a PEG ratio of 3.46 and a beta of 1.32. 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 company has a 50 day moving average of $147.20 and a 200 day moving average of $160.67. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). The business had revenue of $14.13 billion for 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 business's quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.41 earnings per share. Equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a dividend of $0.50 per share. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's dividend payout ratio is presently 46.95%.

Wall Street Analyst Weigh In

A number of equities research analysts recently weighed in on the stock. Piper Sandler restated a "neutral" rating and issued a $130.00 target price (down previously from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Stifel Nicolaus lowered their target price on shares of Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a report on Tuesday, March 11th. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the stock a "sector perform" rating in a report on Tuesday, March 11th. UBS Group restated a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Finally, Stephens began coverage on shares of Oracle in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 target price on the stock. Fourteen research 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 MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and an average price target of $174.42.

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.