Spring Capital Management LLC Buys 1,656 Shares of Oracle Co. (NYSE:ORCL)

Spring Capital Management LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 2.7% in the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund owned 63,305 shares of the enterprise software provider's stock after purchasing an additional 1,656 shares during the period. Oracle accounts for about 4.8% of Spring Capital Management LLC's investment portfolio, making the stock its 6th biggest holding. Spring Capital Management LLC's holdings in Oracle were worth $8,851,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently bought and sold shares of the stock. Cookson Peirce & Co. Inc. increased its holdings in shares of Oracle by 4.4% in the fourth 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 last quarter. Warther Private Wealth LLC boosted its holdings in shares of Oracle by 1.8% during the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after buying an additional 63 shares during the period. Howard Bailey Securities LLC grew 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 buying an additional 64 shares during the last quarter. New England Capital Financial Advisors LLC raised its holdings in Oracle by 6.4% in the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock valued at $177,000 after acquiring an additional 64 shares during the period. Finally, Cape ANN Savings Bank lifted its position in Oracle by 1.1% during the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock worth $970,000 after acquiring an additional 65 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently weighed in on ORCL. KeyCorp reiterated an "overweight" rating and set a $200.00 target price on shares of Oracle in a research note on Tuesday, March 11th. Cantor Fitzgerald lowered their price objective on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Piper Sandler reissued a "neutral" rating and issued a $130.00 target price (down previously from $190.00) on shares of Oracle in a research report on Wednesday, April 23rd. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Finally, Mizuho cut their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $174.42.

Oracle Trading Down 0.6%

NYSE ORCL traded down $0.97 on Wednesday, hitting $168.17. The company's stock had a trading volume of 6,372,366 shares, compared to its average volume of 9,505,015. The company's 50-day moving average is $145.39 and its 200 day moving average is $160.82. The firm has a market cap of $470.36 billion, a PE ratio of 41.12, a PEG ratio of 3.46 and a beta of 1.32. Oracle Co. has a 1-year low of $118.72 and a 1-year 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.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates 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 during the quarter, compared to analyst estimates of $14.40 billion. During the same quarter in the previous year, the company earned $1.41 earnings per share. The business's revenue for the quarter was up 6.4% on a year-over-year basis. As a group, analysts predict that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Investors of record on Thursday, April 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a yield of 1.19%. Oracle's dividend payout ratio is presently 46.95%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction dated 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 sale, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were 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 $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by company insiders.

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.