Northstar Group Inc. Acquires 1,255 Shares of Oracle Co. (NYSE:ORCL)

Northstar Group Inc. boosted its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 21.6% in the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,052 shares of the enterprise software provider's stock after purchasing an additional 1,255 shares during the period. Northstar Group Inc.'s holdings in Oracle were worth $986,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also added to or reduced their stakes in the business. Capital & Planning LLC grew its position in shares of Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider's stock valued at $2,621,000 after acquiring an additional 81 shares during the period. Brighton Jones LLC grew its position in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares during the period. Union Bancaire Privee UBP SA bought a new position in shares of Oracle in the 4th quarter valued at about $51,084,000. Revolve Wealth Partners LLC boosted its holdings in shares of Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares during the period. Finally, WealthPLAN Partners LLC boosted its holdings in shares of Oracle by 22.0% during the 4th quarter. WealthPLAN Partners LLC now owns 3,843 shares of the enterprise software provider's stock worth $640,000 after buying an additional 693 shares during the period. Institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

Several analysts recently commented on ORCL shares. Piper Sandler reaffirmed a "neutral" rating and set a $130.00 target price on shares of Oracle in a report on Wednesday, June 11th. CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. JMP Securities lifted their target price on shares of Oracle from $205.00 to $240.00 and gave the stock a "market outperform" rating in a report on Thursday. Stephens started coverage on shares of Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price for the company. Finally, Citigroup lifted their target price on shares of Oracle from $160.00 to $186.00 and gave the stock a "neutral" rating in a report on Monday, June 9th. Twelve investment analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average target price of $194.32.

Oracle Price Performance

ORCL stock opened at $215.54 on Monday. The firm has a market cap of $602.86 billion, a price-to-earnings ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. 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 12-month low of $118.86 and a 12-month high of $216.98. The company's fifty day simple moving average is $152.88 and its 200 day simple moving average is $160.31.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.93%. Oracle's payout ratio is 46.08%.

Insider Activity at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider now owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock worth $80,183,723 over the last quarter. Company insiders own 42.20% of the company's stock.

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.

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