Milestone Asset Management Group LLC Makes New $473,000 Investment in Oracle Co. (NYSE:ORCL)

Milestone Asset Management Group LLC bought a new position in Oracle Co. (NYSE:ORCL - Free Report) in the 4th quarter, according to its most recent Form 13F filing with the SEC. The institutional investor bought 2,837 shares of the enterprise software provider's stock, valued at approximately $473,000.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Fire Capital Management LLC bought a new stake in Oracle during the 4th quarter valued at $800,000. Wellington Management Group LLP boosted its position in Oracle by 200.4% in the fourth quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider's stock valued at $28,743,000 after buying an additional 115,059 shares during the last quarter. Mascagni Wealth Management Inc. purchased a new stake in Oracle in the 4th quarter worth approximately $77,000. DSG Capital Advisors LLC purchased a new stake in Oracle in the 4th quarter worth approximately $2,526,000. Finally, Chancellor Financial Group WB LP purchased a new position in shares of Oracle during the 4th quarter valued at approximately $205,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities research analysts recently issued reports on ORCL shares. DA Davidson cut their price objective on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Stephens began coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target on the stock. Royal Bank of Canada set a $145.00 target price on shares of Oracle and gave the company a "sector perform" rating in a report on Tuesday, March 11th. Mizuho decreased their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Finally, Piper Sandler reiterated a "neutral" rating and set a $130.00 target price (down from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Fourteen 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 stock. According to data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Trading Up 1.3%

ORCL traded up $2.13 during trading on Friday, reaching $165.03. 17,537,919 shares of the stock traded hands, compared to its average volume of 9,540,302. 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 stock has a market capitalization of $461.58 billion, a PE ratio of 40.35, a P/E/G ratio of 3.46 and a beta of 1.27. The stock's 50-day moving average is $144.32 and its 200 day moving average is $161.43. Oracle Co. has a 12 month low of $114.55 and a 12 month high of $198.31.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.13 billion for the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the prior year, the company posted $1.41 EPS. Oracle's revenue for the quarter was up 6.4% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. 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 1.21%. The ex-dividend date was Thursday, April 10th. Oracle's dividend payout ratio is currently 46.95%.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the company's 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 completion of the transaction, the director now owns 31,764 shares of the company's stock, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their position. 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 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.