Dividend Assets Capital LLC Purchases 38,001 Shares of Oracle Co. (NYSE:ORCL)

Dividend Assets Capital LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 108.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 73,145 shares of the enterprise software provider's stock after purchasing an additional 38,001 shares during the period. Oracle comprises approximately 1.9% of Dividend Assets Capital LLC's investment portfolio, making the stock its 17th largest holding. Dividend Assets Capital LLC's holdings in Oracle were worth $10,226,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Cookson Peirce & Co. Inc. raised its holdings in 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 acquiring an additional 60 shares during the period. Warther Private Wealth LLC grew its position in shares of Oracle by 1.8% in the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock valued at $603,000 after purchasing an additional 63 shares in the last quarter. Howard Bailey Securities LLC grew its position in shares of Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock valued at $379,000 after purchasing an additional 64 shares in the last quarter. New England Capital Financial Advisors LLC raised its stake in shares of Oracle by 6.4% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock valued at $177,000 after purchasing an additional 64 shares during the period. Finally, Cape ANN Savings Bank lifted its holdings in Oracle by 1.1% during the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock worth $970,000 after purchasing an additional 65 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction on 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 owns 31,764 shares of the company's stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock valued at $4,015,723 in the last quarter. Insiders own 42.20% of the company's stock.

Oracle Trading Up 0.3%

Shares of ORCL traded up $0.46 during mid-day trading on Tuesday, reaching $177.61. The company's stock had a trading volume of 11,039,682 shares, compared to its average volume of 9,517,058. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $198.31. The stock has a market cap of $496.77 billion, a PE ratio of 43.43, a P/E/G ratio of 3.46 and a beta of 1.32. The company's fifty day moving average price is $147.83 and its two-hundred day moving average price is $160.13. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data 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). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $14.13 billion during the quarter, compared to analysts' expectations of $14.40 billion. During the same quarter in the prior year, the firm posted $1.41 EPS. The firm's quarterly revenue was up 6.4% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Analyst Ratings Changes

ORCL has been the subject of a number of recent analyst reports. JPMorgan Chase & Co. reduced their target price on Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Mizuho cut their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Piper Sandler reaffirmed a "neutral" rating and set a $130.00 target price (down previously from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Bank of America lowered their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating on the stock in a research note on Tuesday, March 11th. Finally, Stephens began coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target for the company. Thirteen equities research analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company's stock. According to MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $177.35.

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.