Stonegate Investment Group LLC Acquires 519 Shares of Oracle Co. (NYSE:ORCL)

Stonegate Investment Group LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 0.6% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 92,286 shares of the enterprise software provider’s stock after purchasing an additional 519 shares during the quarter. Stonegate Investment Group LLC’s holdings in Oracle were worth $11,592,000 as of its most recent SEC filing.

Other large investors also recently bought and sold shares of the company. Sandy Spring Bank raised its stake in Oracle by 1.4% in the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares in the last quarter. LVM Capital Management Ltd. MI increased its position in shares of Oracle by 3.5% during the fourth quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after purchasing an additional 200 shares in the last quarter. Quantum Private Wealth LLC acquired a new position in shares of Oracle during the third quarter worth $229,000. Cooper Financial Group increased its position in shares of Oracle by 43.4% during the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after purchasing an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC acquired a new position in shares of Oracle during the fourth quarter worth $171,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL traded down $2.74 during mid-day trading on Tuesday, hitting $113.75. The company’s stock had a trading volume of 6,232,464 shares, compared to its average volume of 8,411,357. Oracle Co. has a 1 year low of $93.85 and a 1 year 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 stock has a market cap of $312.64 billion, a price-to-earnings ratio of 30.01, a PEG ratio of 2.35 and a beta of 1.01. The business’s fifty day moving average is $119.63 and its two-hundred day moving average is $113.25.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is currently 42.22%.

Insider Transactions at Oracle

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

Wall Street Analyst Weigh In

A number of brokerages have recently issued reports on ORCL. KeyCorp began coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. Piper Sandler reduced their price target on Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. The Goldman Sachs Group upped 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. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, HSBC upped their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Ten investment analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target 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.