Breed s Hill Capital LLC Takes $454,000 Position in Oracle Co. (NYSE:ORCL)

Breed s Hill Capital LLC bought a new position in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to its most recent filing with the Securities & Exchange Commission. The fund bought 4,310 shares of the enterprise software provider’s stock, valued at approximately $454,000.

Other institutional investors have also added to or reduced their stakes in the company. Wealthspire Advisors LLC increased its stake in Oracle by 7.2% in the 4th quarter. Wealthspire Advisors LLC now owns 20,458 shares of the enterprise software provider’s stock worth $2,157,000 after purchasing an additional 1,372 shares during the period. Catalyst Financial Partners LLC increased its holdings in Oracle by 2.3% during the 4th quarter. Catalyst Financial Partners LLC now owns 5,150 shares of the enterprise software provider’s stock valued at $543,000 after purchasing an additional 114 shares during the period. Pioneer Trust Bank N A OR lifted its holdings in Oracle by 3.9% in the 4th quarter. Pioneer Trust Bank N A OR now owns 96,090 shares of the enterprise software provider’s stock worth $10,131,000 after buying an additional 3,645 shares during the period. Pinnacle Wealth Management Advisory Group LLC increased its stake in shares of Oracle by 3.1% during the fourth quarter. Pinnacle Wealth Management Advisory Group LLC now owns 11,347 shares of the enterprise software provider’s stock valued at $1,196,000 after buying an additional 339 shares during the period. Finally, National Pension Service lifted its stake in Oracle by 2.0% in the fourth quarter. National Pension Service now owns 2,722,472 shares of the enterprise software provider’s stock worth $287,030,000 after acquiring an additional 52,641 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In other Oracle news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, 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 Securities & Exchange Commission, which is available through this link. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were 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 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. Insiders sold 880,000 shares of company stock worth $110,488,150 in the last 90 days. Insiders own 42.80% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL traded down $0.82 during trading hours on Thursday, reaching $116.57. The company had a trading volume of 3,236,172 shares, compared to its average volume of 8,150,866. The firm has a market cap of $320.39 billion, a PE ratio of 30.78, a price-to-earnings-growth ratio of 2.32 and a beta of 1.03. Oracle Co. has a 1-year low of $96.26 and a 1-year high of $132.77. The business’s 50 day moving average price is $120.30 and its 200-day moving average price is $113.59. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. The company 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%. Oracle’s quarterly revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $0.96 EPS. Research analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th were paid a $0.40 dividend. The ex-dividend date of this dividend 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%.

Analyst Ratings Changes

ORCL has been the subject of several research reports. The Goldman Sachs Group increased their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Oppenheimer began coverage on Oracle in a research note on Thursday, April 18th. They set a “market perform” rating for the company. BMO Capital Markets increased their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday. Ten equities research analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average 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.