Stonegate Investment Group LLC Has $13.51 Million Stake in Oracle Corporation (NYSE:ORCL)

Stonegate Investment Group LLC raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 4.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 96,658 shares of the enterprise software provider's stock after buying an additional 4,437 shares during the period. Stonegate Investment Group LLC's holdings in Oracle were worth $13,514,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Cookson Peirce & Co. Inc. lifted its position in Oracle by 4.4% during 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. New England Capital Financial Advisors LLC increased its position in shares of Oracle by 6.4% in the fourth 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. Cape ANN Savings Bank increased its holdings in Oracle by 1.1% during the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock valued at $970,000 after purchasing an additional 65 shares during the period. Greenwood Gearhart Inc. increased its holdings in Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after purchasing an additional 66 shares during the period. Finally, WorthPointe LLC raised its holdings in Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after purchasing an additional 67 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of NYSE ORCL opened at $205.06 on Friday. The firm's 50-day moving average price is $160.39 and its 200-day moving average price is $161.52. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market cap of $573.53 billion, a PE ratio of 47.25, a PEG ratio of 3.16 and a beta of 1.32. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.63 earnings per share. As a group, analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insider Buying and Selling

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on 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. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle 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 directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently issued reports on ORCL shares. UBS Group reiterated a "buy" rating and issued a $225.00 price target (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Loop Capital set a $135.00 price target on shares of Oracle in a research note on Tuesday, June 10th. BMO Capital Markets upgraded shares of Oracle from a "market perform" rating to an "outperform" rating and increased their price target for the stock from $200.00 to $235.00 in a research note on Friday, June 13th. Royal Bank Of Canada increased their price target on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Finally, Roth Capital reiterated a "hold" rating on shares of Oracle in a research note on Wednesday. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $196.74.

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.

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