Oracle Co. (NYSE:ORCL) Shares Purchased by DGS Capital Management LLC

DGS Capital Management LLC boosted its position in Oracle Co. (NYSE:ORCL) by 23.3% in the first quarter, HoldingsChannel.com reports. The firm owned 5,946 shares of the enterprise software provider’s stock after purchasing an additional 1,124 shares during the quarter. DGS Capital Management LLC’s holdings in Oracle were worth $747,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. lifted its position in Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares during the period. Capital World Investors lifted its position in shares of Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after acquiring an additional 3,323,334 shares during the last quarter. Parnassus Investments LLC lifted its position in shares of Oracle by 17.7% during the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after acquiring an additional 2,191,342 shares during the last quarter. Putnam Investments LLC lifted its position in shares of Oracle by 6.0% during the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after acquiring an additional 697,961 shares during the last quarter. Finally, Charles Schwab Investment Management Inc. lifted its position in shares of Oracle by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock valued at $1,223,775,000 after acquiring an additional 204,546 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In other news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. Also, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 348,418 shares of company stock valued at $47,784,717. 42.80% of the stock is owned by insiders.

Analyst Ratings Changes

ORCL has been the subject of a number of recent research reports. Bank of America increased their price objective on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Stifel Nicolaus increased their price objective on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Citigroup cut their price objective on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. Guggenheim reissued a “buy” rating and set a $175.00 target price on shares of Oracle in a research note on Tuesday. Finally, BMO Capital Markets boosted their target price on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Price Performance

NYSE ORCL opened at $138.23 on Thursday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $145.32. The stock’s 50-day moving average is $123.84 and its two-hundred day moving average is $117.48. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The firm has a market cap of $380.94 billion, a P/E ratio of 37.26, a price-to-earnings-growth ratio of 2.52 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The business had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 earnings per share. On average, analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

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.