V Square Quantitative Management LLC Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

V Square Quantitative Management LLC increased its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 86.2% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 16,013 shares of the enterprise software provider's stock after acquiring an additional 7,415 shares during the period. V Square Quantitative Management LLC's holdings in Oracle were worth $2,011,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Invst LLC raised its stake in shares of Oracle by 2.7% during the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider's stock valued at $380,000 after acquiring an additional 86 shares during the last quarter. Nemes Rush Group LLC increased its holdings in shares of Oracle by 1.2% during the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider's stock valued at $773,000 after acquiring an additional 86 shares in the last quarter. Avidian Wealth Solutions LLC lifted its stake in shares of Oracle by 1.1% in the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider's stock worth $898,000 after buying an additional 90 shares in the last quarter. Sovereign Financial Group Inc. raised its position in Oracle by 2.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider's stock worth $342,000 after buying an additional 90 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. boosted its holdings in shares of Oracle by 0.3% during the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider's stock valued at $3,525,000 after acquiring an additional 90 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insiders Place Their Bets

In related news, Director George H. Conrades sold 20,000 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company's stock, valued at $2,068,976. The transaction was disclosed in a legal filing with the SEC, which is available at this link. In other Oracle news, CEO Safra Catz sold 790,000 shares of the business's stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company's stock, valued at $141,546,631.68. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director George H. Conrades sold 20,000 shares of the business's stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. Over the last three months, insiders sold 880,000 shares of company stock valued at $110,488,150. Insiders own 42.80% of the company's stock.

Oracle Stock Up 0.1 %

ORCL stock traded up $0.12 during midday trading on Tuesday, reaching $124.64. The company had a trading volume of 5,547,330 shares, compared to its average volume of 8,052,216. Oracle Co. has a 1 year low of $97.29 and a 1 year high of $132.77. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The company has a market capitalization of $342.57 billion, a P/E ratio of 32.89, a PEG ratio of 2.48 and a beta of 1.03. The company has a 50 day moving average of $121.42 and a two-hundred day moving average of $114.76.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating analysts' consensus estimates of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm's revenue was up 7.1% compared to the same quarter last year. During the same period last year, the business earned $0.96 EPS. On average, equities research analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.28%. Oracle's dividend payout ratio is 42.22%.

Wall Street Analyst Weigh In

Several equities research analysts have recently commented on ORCL shares. KeyCorp began coverage on shares of Oracle in a research report on Thursday, March 21st. They set an "overweight" rating and a $150.00 price target for the company. BMO Capital Markets lifted their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a "market perform" rating in a research note on Tuesday, March 12th. Argus raised shares of Oracle from a "hold" rating to a "buy" rating in a research note on Thursday, March 14th. The Goldman Sachs Group increased their price target on Oracle from $115.00 to $130.00 and gave the stock a "neutral" rating in a research report on Wednesday, March 13th. Finally, Oppenheimer started coverage on shares of Oracle in a research report on Thursday, April 18th. They set a "market perform" rating for the company. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average target price of $130.76.

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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