Curat Global LLC Takes $246,000 Position in Oracle Co. (NYSE:ORCL)

Curat Global LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCLFree Report) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor purchased 1,760 shares of the enterprise software provider’s stock, valued at approximately $246,000.

A number of other institutional investors have also recently made changes to their positions in ORCL. McClarren Financial Advisors Inc. lifted its holdings in Oracle by 201.7% during the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after purchasing an additional 1,069 shares in the last quarter. Cornerstone Advisory LLC raised its holdings in shares of Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock valued at $2,258,000 after acquiring an additional 3,299 shares in the last quarter. Peak Retirement Planning Inc. purchased a new stake in shares of Oracle in the 4th quarter valued at about $211,000. AFT Forsyth & Company Inc. raised its holdings in shares of Oracle by 32.7% in the 4th quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider’s stock valued at $1,123,000 after acquiring an additional 1,659 shares in the last quarter. Finally, Certuity LLC raised its holdings in shares of Oracle by 28.9% in the 4th quarter. Certuity LLC now owns 7,811 shares of the enterprise software provider’s stock valued at $1,302,000 after acquiring an additional 1,753 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of several recent analyst reports. Barclays lowered their price target on Oracle from $212.00 to $202.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. Guggenheim reaffirmed a “buy” rating and issued a $220.00 price target on shares of Oracle in a report on Thursday. Stifel Nicolaus lowered their price target on Oracle from $175.00 to $150.00 and set a “hold” rating on the stock in a report on Tuesday, March 11th. Westpark Capital started coverage on Oracle in a report on Tuesday, April 1st. They issued a “buy” rating and a $195.00 price target on the stock. Finally, Stephens started coverage on Oracle in a research report on Wednesday, March 19th. They set an “equal weight” rating and a $167.00 price objective on the stock. Fourteen research analysts have rated the stock with a hold rating, fifteen have given a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $174.42.

View Our Latest Analysis on ORCL

Insider Activity

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction 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 transaction, the director now owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director now owns 31,764 shares of the company’s stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 in the last quarter. 42.20% of the stock is owned by company insiders.

Oracle Price Performance

Shares of ORCL stock opened at $171.16 on Friday. The firm has a market cap of $478.73 billion, a P/E ratio of 41.85, a P/E/G ratio of 3.46 and a beta of 1.32. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $198.31. The business’s 50 day moving average price is $146.56 and its 200-day moving average price is $160.77. 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:ORCLGet Free Report) last issued 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). The business had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s quarterly revenue was up 6.4% compared to the same quarter last year. During the same quarter in the prior year, the business posted $1.41 earnings per share. On average, equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. The ex-dividend date was Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. Oracle’s dividend payout ratio (DPR) is presently 46.95%.

Oracle Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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