Cornerstone Select Advisors LLC Takes $454,000 Position in Oracle Co. (NYSE:ORCL)

Cornerstone Select Advisors LLC acquired a new position in Oracle Co. (NYSE:ORCL) in the 4th quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund acquired 2,722 shares of the enterprise software provider’s stock, valued at approximately $454,000.

A number of other institutional investors also recently bought and sold shares of the company. R Squared Ltd purchased a new position in shares of Oracle in the fourth quarter worth approximately $25,000. Winch Advisory Services LLC boosted its stake in shares of Oracle by 89.7% during the 4th quarter. Winch Advisory Services LLC now owns 184 shares of the enterprise software provider’s stock worth $31,000 after acquiring an additional 87 shares during the last quarter. Hurley Capital LLC bought a new stake in shares of Oracle during the 4th quarter valued at $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle in the 4th quarter worth $34,000. Finally, TFC Financial Management Inc. raised its holdings in Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock worth $35,000 after purchasing an additional 120 shares during the period. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $148.03 on Wednesday. The business’s 50 day moving average price is $142.82 and its 200-day moving average price is $163.46. Oracle Co. has a fifty-two week low of $114.55 and a fifty-two week high of $198.31. The company has a market cap of $414.04 billion, a P/E ratio of 36.19, a P/E/G ratio of 3.46 and a beta of 1.27. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts’ consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. During the same quarter last year, the firm earned $1.41 EPS. The company’s revenue was up 6.4% on a year-over-year basis. Sell-side analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 1.35%. The ex-dividend date was Thursday, April 10th. This is a positive change from Oracle’s previous quarterly dividend of $0.40. Oracle’s payout ratio is 46.95%.

Analysts Set New Price Targets

A number of brokerages have commented on ORCL. Barclays reduced their price target on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. KeyCorp reissued an “overweight” rating and issued a $200.00 target price on shares of Oracle in a report on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and set a $220.00 price target on shares of Oracle in a report on Thursday, April 3rd. Morgan Stanley dropped their price target on shares of Oracle from $170.00 to $160.00 and set an “equal weight” rating for the company in a research report on Wednesday, April 16th. Finally, Westpark Capital began coverage on shares of Oracle in a research note on Tuesday, April 1st. They set a “buy” rating and a $195.00 target price on the stock. Fourteen analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.42.

Insider Activity

In related news, Director Leon E. Panetta sold 17,500 shares of the firm’s stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This trade represents a 23.15 % decrease in their position. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director now directly owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. This trade represents a 8.28 % decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by insiders.

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.