Steigerwald Gordon & Koch Inc. Increases Position in Oracle Co. (NYSE:ORCL)

Steigerwald Gordon & Koch Inc. boosted its stake in Oracle Co. (NYSE:ORCL - Free Report) by 967.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 62,453 shares of the enterprise software provider's stock after acquiring an additional 56,600 shares during the period. Steigerwald Gordon & Koch Inc.'s holdings in Oracle were worth $8,732,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Lake Street Private Wealth LLC raised its holdings in shares of Oracle by 21.0% in the first quarter. Lake Street Private Wealth LLC now owns 1,544 shares of the enterprise software provider's stock valued at $216,000 after buying an additional 268 shares during the last quarter. Naples Global Advisors LLC raised its holdings in shares of Oracle by 5.6% in the first quarter. Naples Global Advisors LLC now owns 54,618 shares of the enterprise software provider's stock valued at $7,636,000 after buying an additional 2,875 shares during the last quarter. HF Advisory Group LLC raised its holdings in shares of Oracle by 16.4% in the first quarter. HF Advisory Group LLC now owns 17,579 shares of the enterprise software provider's stock valued at $2,458,000 after buying an additional 2,475 shares during the last quarter. Warren Street Wealth Advisors LLC raised its holdings in shares of Oracle by 9.7% in the first quarter. Warren Street Wealth Advisors LLC now owns 5,721 shares of the enterprise software provider's stock valued at $800,000 after buying an additional 506 shares during the last quarter. Finally, Clare Market Investments LLC raised its holdings in shares of Oracle by 39.8% in the first quarter. Clare Market Investments LLC now owns 13,790 shares of the enterprise software provider's stock valued at $1,928,000 after buying an additional 3,925 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of ORCL stock traded up $3.06 during trading hours on Thursday, hitting $171.16. The company's stock had a trading volume of 7,695,879 shares, compared to its average volume of 9,520,555. The business has a fifty day moving average of $145.94 and a 200-day moving average of $160.87. The stock has a market cap of $478.73 billion, a price-to-earnings ratio of 41.85, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a twelve month low of $118.86 and a twelve month high of $198.31. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results 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 business had revenue of $14.13 billion during 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% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.41 earnings per share. As a group, equities research analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given 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 dividend yield of 1.17%. Oracle's dividend payout ratio is currently 46.95%.

Analyst Ratings Changes

Several research analysts recently issued reports on ORCL shares. DA Davidson cut their price target on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. cut their price target on shares of Oracle from $140.00 to $135.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Evercore ISI cut their price target on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating for the company in a report on Tuesday, March 11th. Piper Sandler reissued a "neutral" rating and set a $130.00 price target (down from $190.00) on shares of Oracle in a report on Wednesday, April 23rd. Finally, Wall Street Zen cut shares of Oracle from a "buy" rating to a "hold" rating in a report on Wednesday, February 19th. Fourteen equities research 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 MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $174.42.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a filing 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 shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 over the last ninety days. 42.20% of the stock is currently owned by 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.