Stonegate Investment Group LLC Has $11.59 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Stonegate Investment Group LLC raised its position in Oracle Co. (NYSE:ORCL) by 0.6% during the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 92,286 shares of the enterprise software provider’s stock after buying an additional 519 shares during the quarter. Stonegate Investment Group LLC’s holdings in Oracle were worth $11,592,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently modified their holdings of ORCL. Gray Private Wealth LLC bought a new stake in shares of Oracle during the 1st quarter worth $1,007,000. Confluence Wealth Services Inc. lifted its position in shares of Oracle by 4.9% during the 1st quarter. Confluence Wealth Services Inc. now owns 7,286 shares of the enterprise software provider’s stock worth $915,000 after buying an additional 343 shares during the last quarter. Cahaba Wealth Management Inc. lifted its position in shares of Oracle by 6.7% during the 1st quarter. Cahaba Wealth Management Inc. now owns 3,021 shares of the enterprise software provider’s stock worth $379,000 after buying an additional 190 shares during the last quarter. Byrne Asset Management LLC lifted its position in shares of Oracle by 7.2% during the 1st quarter. Byrne Asset Management LLC now owns 5,159 shares of the enterprise software provider’s stock worth $648,000 after buying an additional 345 shares during the last quarter. Finally, American Financial Advisors LLC bought a new position in Oracle in the first quarter valued at about $301,000. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The stock was 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 directly 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 SEC, which is available through the SEC website. Insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several research reports. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Oppenheimer initiated coverage on Oracle in a research report on Thursday, April 18th. They issued a “market perform” rating for the company. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. KeyCorp assumed coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Finally, HSBC increased 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. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Stock Down 2.4 %

Shares of ORCL stock traded down $2.74 during midday trading on Tuesday, reaching $113.75. 6,232,464 shares of the stock were exchanged, compared to its average volume of 8,411,357. The firm has a market cap of $312.64 billion, a PE ratio of 30.01, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01. Oracle Co. has a 1 year low of $93.85 and a 1 year high of $132.77. 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 company’s 50 day moving average is $119.63 and its two-hundred day moving average is $113.25.

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, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion for 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 company’s revenue was up 7.1% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.96 EPS. On average, equities research analysts predict 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 issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.41%. Oracle’s payout ratio is 42.22%.

About Oracle

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.