Hyman Charles D Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Hyman Charles D grew its stake in shares of Oracle Co. (NYSE:ORCL) by 0.3% during the fourth quarter, Holdings Channel reports. The institutional investor owned 325,379 shares of the enterprise software provider’s stock after buying an additional 1,101 shares during the period. Oracle comprises 2.0% of Hyman Charles D’s holdings, making the stock its 14th biggest position. Hyman Charles D’s holdings in Oracle were worth $34,305,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in Oracle during the 3rd quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its position in shares of Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management purchased a new position in shares of Oracle in the third quarter worth $27,000. Cornerstone Planning Group LLC grew its stake in Oracle by 1,268.0% during the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after acquiring an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. increased its holdings in Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 216 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In other Oracle news, CEO Safra Catz sold 790,000 shares of the 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 sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The disclosure for this sale can be found here. In the last quarter, insiders sold 880,000 shares of company stock worth $110,488,150. 42.80% of the stock is currently owned by corporate insiders.

Oracle Trading Down 0.5 %

Shares of Oracle stock traded down $0.54 on Wednesday, hitting $117.39. 4,635,195 shares of the company traded hands, compared to its average volume of 8,200,177. Oracle Co. has a 52 week low of $96.10 and a 52 week high of $132.77. The company has a market cap of $322.65 billion, a PE ratio of 30.97, a PEG ratio of 2.32 and a beta of 1.03. The stock’s 50 day moving average price is $120.19 and its 200-day moving average price is $113.57. 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 (NYSE:ORCL) last issued its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business’s revenue for the quarter was up 7.1% compared to the same quarter last year. During the same period in the prior year, the business earned $0.96 EPS. Equities research analysts predict that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

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

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ORCL. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, May 1st. KeyCorp began coverage on Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price for the company. 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 upped their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, Oppenheimer assumed coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. Eleven research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

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.