Dividend Assets Capital LLC Acquires 38,001 Shares of Oracle Co. (NYSE:ORCL)

Dividend Assets Capital LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 108.1% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 73,145 shares of the enterprise software provider’s stock after acquiring an additional 38,001 shares during the quarter. Oracle makes up 1.9% of Dividend Assets Capital LLC’s portfolio, making the stock its 17th biggest position. Dividend Assets Capital LLC’s holdings in Oracle were worth $10,226,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the business. Cookson Peirce & Co. Inc. boosted its stake in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after purchasing an additional 60 shares in the last quarter. Warther Private Wealth LLC increased its position in shares of Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock valued at $603,000 after buying an additional 63 shares during the period. Howard Bailey Securities LLC increased its position in shares of Oracle by 2.9% during the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock valued at $379,000 after buying an additional 64 shares during the period. New England Capital Financial Advisors LLC increased its position in shares of Oracle by 6.4% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock valued at $177,000 after buying an additional 64 shares during the period. Finally, Cape ANN Savings Bank increased its position in shares of Oracle by 1.1% during the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock valued at $970,000 after buying an additional 65 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of recent research reports. Royal Bank of Canada reissued an “outperform” rating on shares of Oracle in a research report on Monday. Mizuho cut their price objective on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Guggenheim reiterated a “buy” rating and issued a $220.00 target price on shares of Oracle in a research note on Thursday, June 5th. KeyCorp reiterated an “overweight” rating and set a $200.00 price target on shares of Oracle in a report on Tuesday, March 11th. Finally, Monness Crespi & Hardt upgraded shares of Oracle from a “sell” rating to a “neutral” rating in a report on Monday, March 3rd. Thirteen analysts have rated the stock with a hold rating, seventeen have issued a buy rating and one has issued a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus target price of $177.35.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company’s stock, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

NYSE ORCL opened at $177.19 on Tuesday. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $198.31. The firm has a market capitalization of $495.60 billion, a P/E ratio of 43.32, a PEG ratio of 3.46 and a beta of 1.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a 50-day moving average price of $147.83 and a 200-day moving average price of $160.13.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. During the same period in the previous year, the company earned $1.41 EPS. Oracle’s revenue for the quarter was up 6.4% compared to the same quarter last year. Equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

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.