Choreo LLC Has $3.30 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Choreo LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 27.2% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The firm owned 31,341 shares of the enterprise software provider’s stock after buying an additional 6,697 shares during the period. Choreo LLC’s holdings in Oracle were worth $3,304,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds have also modified their holdings of the stock. Vanguard Group Inc. boosted its position in Oracle by 5.7% during the third 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 last quarter. Northern Trust Corp increased its position in Oracle by 3.5% in the 3rd quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock worth $1,982,630,000 after purchasing an additional 635,994 shares during the last quarter. Charles Schwab Investment Management Inc. raised its stake in shares of Oracle by 0.5% during the 3rd quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock worth $1,211,307,000 after purchasing an additional 61,604 shares in the last quarter. Invesco Ltd. lifted its holdings in shares of Oracle by 1.1% during the 3rd quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock valued at $897,342,000 after buying an additional 89,876 shares during the last quarter. Finally, Wellington Management Group LLP grew its stake in shares of Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after buying an additional 8,084,067 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several equities analysts recently weighed in on ORCL shares. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. BMO Capital Markets increased their price target on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. The Goldman Sachs Group lifted their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Piper Sandler lowered their target price on shares of Oracle from $125.00 to $122.00 and set an “overweight” rating on the stock in a research report on Tuesday, January 2nd. Finally, StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday, April 23rd. Ten analysts have rated the stock with a hold rating and fifteen have given a buy rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction 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 sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Corporate insiders own 42.80% of the company’s stock.

Oracle Trading Down 0.6 %

Shares of ORCL stock opened at $116.50 on Tuesday. 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 Co. has a 1 year low of $93.85 and a 1 year high of $132.77. The firm’s fifty day simple moving average is $119.52 and its 200 day simple moving average is $113.21. The firm has a market capitalization of $320.20 billion, a P/E ratio of 30.74, a price-to-earnings-growth ratio of 2.35 and a beta of 1.01.

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

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a $0.40 dividend. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.37%. 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.