Oracle Co. (NYSE:ORCL) Holdings Boosted by Greenwood Capital Associates LLC

Greenwood Capital Associates LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 14.2% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 51,944 shares of the enterprise software provider's stock after buying an additional 6,440 shares during the period. Oracle comprises 1.0% of Greenwood Capital Associates LLC's investment portfolio, making the stock its 28th biggest holding. Greenwood Capital Associates LLC's holdings in Oracle were worth $7,262,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also modified their holdings of ORCL. McClarren Financial Advisors Inc. boosted its holdings in shares of Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider's stock worth $266,000 after purchasing an additional 1,069 shares during the last quarter. Cornerstone Advisory LLC boosted its holdings in shares of Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after purchasing an additional 3,299 shares during the last quarter. Peak Retirement Planning Inc. acquired a new stake in shares of Oracle during the fourth quarter worth $211,000. AFT Forsyth & Company Inc. boosted its holdings in shares of Oracle by 32.7% during the fourth quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider's stock worth $1,123,000 after purchasing an additional 1,659 shares during the last quarter. Finally, Certuity LLC boosted its holdings in shares of Oracle by 28.9% during the fourth quarter. Certuity LLC now owns 7,811 shares of the enterprise software provider's stock worth $1,302,000 after purchasing an additional 1,753 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction that occurred on 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 transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred 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 transaction, the director now owns 31,764 shares in the company, valued at approximately $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. Over the last 90 days, insiders have sold 27,366 shares of company stock valued at $4,015,723. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of ORCL traded up $23.29 during mid-day trading on Thursday, reaching $199.67. 54,558,768 shares of the company's stock traded hands, compared to its average volume of 9,567,888. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $202.43. The stock has a market capitalization of $558.47 billion, a P/E ratio of 48.82, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The business's 50-day moving average price is $149.60 and its 200-day moving average price is $160.36. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the previous year, the company earned $1.63 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. Equities analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 1.00%. Oracle's dividend payout ratio is currently 46.95%.

Analyst Ratings Changes

Several research analysts recently weighed in on the company. BMO Capital Markets increased their target price on Oracle from $175.00 to $200.00 and gave the stock a "market perform" rating in a research report on Monday. Wall Street Zen lowered Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. Morgan Stanley reissued a "positive" rating on shares of Oracle in a research report on Monday. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Finally, Stephens initiated coverage on Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective on the stock. Twelve equities research analysts have rated the stock with a hold rating, eighteen have assigned a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and an average price target of $192.30.

Oracle Company 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.