GAMMA Investing LLC Has $664.81 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

GAMMA Investing LLC lifted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 15,012.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 4,755,096 shares of the enterprise software provider's stock after purchasing an additional 4,723,631 shares during the quarter. GAMMA Investing LLC owned about 0.17% of Oracle worth $664,810,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Cookson Peirce & Co. Inc. raised its stake in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares during the period. Warther Private Wealth LLC raised its position in Oracle by 1.8% in the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock valued at $603,000 after buying an additional 63 shares during the last quarter. Howard Bailey Securities LLC lifted its stake in Oracle by 2.9% in the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock valued at $379,000 after acquiring an additional 64 shares in the last quarter. New England Capital Financial Advisors LLC boosted its position in 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 worth $177,000 after acquiring an additional 64 shares during the last quarter. Finally, Abel Hall LLC raised its holdings in shares of Oracle by 3.0% in the fourth quarter. Abel Hall LLC now owns 2,253 shares of the enterprise software provider's stock valued at $376,000 after purchasing an additional 65 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently commented on ORCL shares. Guggenheim restated a "buy" rating and set a $220.00 price objective on shares of Oracle in a research note on Thursday, April 3rd. Bank of America decreased their target price on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Piper Sandler reaffirmed a "neutral" rating and set a $130.00 price target (down from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Wall Street Zen downgraded shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Finally, UBS Group reaffirmed a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $174.42.

Oracle Price Performance

Shares of ORCL traded up $2.13 during trading hours on Friday, hitting $165.03. 17,537,919 shares of the company were exchanged, compared to its average volume of 9,540,299. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. Oracle Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31. The company has a market cap of $461.58 billion, a price-to-earnings ratio of 40.35, a P/E/G ratio of 3.46 and a beta of 1.27. The firm's fifty day moving average is $144.55 and its 200 day moving average is $161.26.

Oracle (NYSE:ORCL - Get Free Report) last announced 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). The firm had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm's revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.41 earnings per share. On average, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were paid a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is a positive change from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.21%. Oracle's dividend payout ratio (DPR) is 46.95%.

Insider Buying and Selling at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now directly 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. Insiders have sold a total of 27,366 shares of company stock worth $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.