Hyman Charles D Acquires 1,101 Shares of Oracle Co. (NYSE:ORCL)

Hyman Charles D boosted its holdings in Oracle Co. (NYSE:ORCL) by 0.3% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 325,379 shares of the enterprise software provider’s stock after acquiring an additional 1,101 shares during the quarter. Oracle accounts for about 2.0% of Hyman Charles D’s investment portfolio, 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.

Several other hedge funds have also recently added to or reduced their stakes in the business. Wellington Management Group LLP lifted its stake in shares of Oracle by 9,299.3% during the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after acquiring an additional 8,084,067 shares during the period. Vanguard Group Inc. lifted its position in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after purchasing an additional 7,883,515 shares during the period. DNB Asset Management AS boosted its stake in shares of Oracle by 313.4% in the 4th quarter. DNB Asset Management AS now owns 1,766,621 shares of the enterprise software provider’s stock valued at $186,255,000 after purchasing an additional 1,339,311 shares during the last quarter. International Assets Investment Management LLC grew its position in shares of Oracle by 26,602.4% during the 4th quarter. International Assets Investment Management LLC now owns 1,259,550 shares of the enterprise software provider’s stock worth $132,794,000 after buying an additional 1,254,833 shares during the period. Finally, Northern Trust Corp raised its stake in shares of Oracle by 3.5% during the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after buying an additional 635,994 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the business’s 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 transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other Oracle news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, 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 completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The disclosure for this sale can be found here. Over the last three months, insiders sold 880,000 shares of company stock valued at $110,488,150. 42.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of analysts have commented on the stock. 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 report on Tuesday, March 12th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. The Goldman Sachs Group increased their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. HSBC upped their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Finally, Oppenheimer assumed coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating for the company. Eleven analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Down 0.5 %

ORCL traded down $0.54 during trading hours on Wednesday, hitting $117.39. 4,635,195 shares of the company’s stock were exchanged, compared to its average volume of 8,200,177. The stock has a market cap of $322.65 billion, a price-to-earnings ratio of 30.97, a PEG ratio of 2.32 and a beta of 1.03. Oracle Co. has a 1-year low of $96.10 and a 1-year high of $132.77. The stock’s 50-day moving average is $120.19 and its two-hundred day moving average is $113.57. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $13.29 billion. During the same period in the prior year, the business posted $0.96 EPS. The company’s quarterly revenue was up 7.1% on a year-over-year basis. Sell-side analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.36%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

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.