20,162 Shares in Oracle Co. (NYSE:ORCL) Acquired by Wynn Capital LLC

Wynn Capital LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, according to its most recent Form 13F filing with the SEC. The fund bought 20,162 shares of the enterprise software provider’s stock, valued at approximately $2,126,000. Oracle comprises about 1.7% of Wynn Capital LLC’s portfolio, making the stock its 12th biggest holding.

A number of other institutional investors have also made changes to their positions in ORCL. International Assets Investment Management LLC increased its position in shares of Oracle by 3.2% in the third quarter. International Assets Investment Management LLC now owns 4,717 shares of the enterprise software provider’s stock worth $494,000 after purchasing an additional 147 shares during the period. BTC Capital Management Inc. boosted its stake in Oracle by 70.1% in the third quarter. BTC Capital Management Inc. now owns 7,650 shares of the enterprise software provider’s stock valued at $810,000 after buying an additional 3,152 shares in the last quarter. Meridian Wealth Management LLC boosted its stake in Oracle by 2.7% in the third quarter. Meridian Wealth Management LLC now owns 20,051 shares of the enterprise software provider’s stock valued at $2,124,000 after buying an additional 534 shares in the last quarter. Sander Capital Advisors Inc. boosted its stake in Oracle by 74.5% in the third quarter. Sander Capital Advisors Inc. now owns 48,869 shares of the enterprise software provider’s stock valued at $5,176,000 after buying an additional 20,869 shares in the last quarter. Finally, Strategic Blueprint LLC boosted its stake in Oracle by 5.1% in the third quarter. Strategic Blueprint LLC now owns 4,077 shares of the enterprise software provider’s stock valued at $432,000 after buying an additional 197 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have recently commented on ORCL shares. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Oppenheimer started coverage on Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating on the stock. BMO Capital Markets lifted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. KeyCorp initiated coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Finally, The Goldman Sachs Group lifted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Ten research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Stock Performance

Shares of NYSE ORCL traded up $0.30 during trading on Wednesday, reaching $115.39. 5,787,354 shares of the stock traded hands, compared to its average volume of 8,500,789. Oracle Co. has a 52-week low of $93.29 and a 52-week high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50-day moving average of $119.23 and a 200-day moving average of $113.03. The stock has a market capitalization of $317.15 billion, a P/E ratio of 30.47, a price-to-earnings-growth ratio of 2.30 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. During the same quarter in the prior year, the firm earned $0.96 EPS. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. Analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. The ex-dividend date of this dividend is Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.39%. Oracle’s payout ratio is 42.22%.

Insider Activity at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. 42.80% of the stock is currently owned by corporate insiders.

Oracle 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.