Cherry Tree Wealth Management LLC Purchases 205 Shares of Oracle Co. (NYSE:ORCL)

Cherry Tree Wealth Management LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 55.7% in the fourth quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 573 shares of the enterprise software provider’s stock after purchasing an additional 205 shares during the quarter. Cherry Tree Wealth Management LLC’s holdings in Oracle were worth $60,000 as of its most recent filing with the SEC.

A number of other hedge funds and other institutional investors have also made changes to their positions in ORCL. Sandy Spring Bank boosted its holdings in shares of Oracle by 1.4% during the 4th 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 during the period. LVM Capital Management Ltd. MI boosted its stake in shares of Oracle by 3.5% in the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock valued at $631,000 after purchasing an additional 200 shares during the last quarter. Quantum Private Wealth LLC bought a new stake in shares of Oracle in the 3rd quarter valued at $229,000. Cooper Financial Group boosted its stake in shares of Oracle by 43.4% in the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after purchasing an additional 1,525 shares during the last quarter. Finally, Mendota Financial Group LLC bought a new position in Oracle during the fourth quarter worth $171,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The transaction was disclosed in a filing with the SEC, which is accessible through this link. Also, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. Insiders have sold 835,000 shares of company stock valued at $105,189,850 over the last three months. 42.80% of the stock is owned by company insiders.

Oracle Stock Down 0.4 %

ORCL traded down $0.45 on Tuesday, hitting $117.89. 6,434,951 shares of the company were exchanged, compared to its average volume of 8,246,625. Oracle Co. has a twelve month low of $96.10 and a twelve month high of $132.77. The company has a market cap of $324.02 billion, a price-to-earnings ratio of 31.11, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. 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 firm has a 50-day moving average price of $120.19 and a two-hundred day moving average price of $113.57.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during 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 business’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the business earned $0.96 EPS. On average, equities analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.36%. The ex-dividend date was Tuesday, April 9th. Oracle’s dividend payout ratio (DPR) is currently 42.22%.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. KeyCorp initiated coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price for the company. The Goldman Sachs Group increased their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Oppenheimer started coverage on shares of Oracle in a research note on Thursday, April 18th. They set a “market perform” rating on the stock. Finally, BMO Capital Markets lifted their target price 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. Eleven investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average 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.