Oracle Co. (NYSE:ORCL) Shares Bought by Sargent Investment Group LLC

Sargent Investment Group LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.5% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The fund owned 15,941 shares of the enterprise software provider’s stock after purchasing an additional 230 shares during the quarter. Sargent Investment Group LLC’s holdings in Oracle were worth $1,681,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Bison Wealth LLC boosted its stake in shares of Oracle by 0.8% during the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after acquiring an additional 91 shares during the last quarter. MONECO Advisors LLC grew its holdings in Oracle by 1.1% in the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock valued at $916,000 after buying an additional 94 shares during the period. Everhart Financial Group Inc. grew its holdings in Oracle by 1.4% in the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock valued at $755,000 after buying an additional 96 shares during the period. Nicholas Hoffman & Company LLC. grew its holdings in Oracle by 1.0% in the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock valued at $1,000,000 after buying an additional 98 shares during the period. Finally, J.W. Cole Advisors Inc. grew its holdings in Oracle by 0.5% in the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock valued at $2,255,000 after buying an additional 100 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

ORCL traded up $2.32 during trading on Friday, reaching $117.21. 8,355,111 shares of the company were exchanged, compared to its average volume of 5,810,524. The stock has a market cap of $322.15 billion, a P/E ratio of 30.93, a PEG ratio of 2.35 and a beta of 1.01. The firm has a 50 day moving average of $119.42 and a 200 day moving average of $113.13. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 52 week low of $93.29 and a 52 week high of $132.77.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping 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 company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same quarter in the previous year, the firm posted $0.96 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. On average, sell-side analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. Oracle’s dividend payout ratio (DPR) is 42.22%.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction 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 completion of the sale, the chief executive officer now directly 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 at the SEC website. Insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ORCL shares. 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 company a “market perform” rating in a research note on Tuesday, March 12th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. The Goldman Sachs Group lifted their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, HSBC lifted their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus 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.