DSG Capital Advisors LLC Takes Position in Oracle Co. (NYSE:ORCL)

DSG Capital Advisors LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) during the 4th quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 15,160 shares of the enterprise software provider's stock, valued at approximately $2,526,000.

Several other institutional investors have also modified their holdings of the stock. R Squared Ltd acquired a new stake in shares of Oracle in the fourth quarter valued at $25,000. Sunbeam Capital Management LLC purchased a new position in Oracle during the 4th quarter valued at about $30,000. Hurley Capital LLC purchased a new position in Oracle during the 4th quarter valued at about $33,000. Synergy Investment Management LLC acquired a new position in Oracle in the 4th quarter valued at about $34,000. Finally, TFC Financial Management Inc. increased its stake in Oracle by 129.0% during the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock worth $35,000 after purchasing an additional 120 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. Stifel Nicolaus reduced their price target on shares of Oracle from $175.00 to $150.00 and set a "hold" rating on the stock in a research report on Tuesday, March 11th. KeyCorp reiterated an "overweight" rating and set a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Morgan Stanley decreased their price target on shares of Oracle from $170.00 to $160.00 and set an "equal weight" rating for the company in a research report on Wednesday, April 16th. Mizuho dropped their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Guggenheim reaffirmed a "buy" rating and issued a $220.00 target price on shares of Oracle in a report on Thursday, April 3rd. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has assigned a strong buy rating to the stock. According to data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average price target of $174.42.

Oracle Price Performance

NYSE ORCL traded up $2.06 during mid-day trading on Wednesday, hitting $163.97. The stock had a trading volume of 8,077,633 shares, compared to its average volume of 9,504,402. Oracle Co. has a 52-week low of $114.55 and a 52-week high of $198.31. 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 50 day simple moving average of $144.16 and a 200 day simple moving average of $161.61. The company has a market cap of $458.62 billion, a price-to-earnings ratio of 40.09, a P/E/G ratio of 3.46 and a beta of 1.27.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share (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 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 earnings per share. Equities analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. The ex-dividend date was Thursday, April 10th. This is an increase from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.22%. Oracle's payout ratio is 46.95%.

Insider Activity

In related news, 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 completion of the transaction, the director now owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, 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 transaction of $648,850.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock valued at $4,015,723 over the last 90 days. Insiders own 42.20% of the company's stock.

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.