Exchange Capital Management Inc. Grows Position in Oracle Co. (NYSE:ORCL)

Exchange Capital Management Inc. increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.1% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 4,432 shares of the enterprise software provider’s stock after purchasing an additional 256 shares during the quarter. Exchange Capital Management Inc.’s holdings in Oracle were worth $557,000 as of its most recent filing with the SEC.

Other hedge funds have also recently bought and sold shares of the company. Connor Clark & Lunn Investment Management Ltd. grew its position in shares of Oracle by 39.8% during the third quarter. Connor Clark & Lunn Investment Management Ltd. now owns 7,991 shares of the enterprise software provider’s stock worth $846,000 after acquiring an additional 2,276 shares during the last quarter. Advisors Asset Management Inc. increased its stake in shares of Oracle by 1.9% in the third quarter. Advisors Asset Management Inc. now owns 48,633 shares of the enterprise software provider’s stock valued at $5,151,000 after purchasing an additional 921 shares during the period. Alps Advisors Inc. grew its holdings in Oracle by 107.9% in the 3rd quarter. Alps Advisors Inc. now owns 96,562 shares of the enterprise software provider’s stock worth $10,228,000 after buying an additional 50,121 shares in the last quarter. Adage Capital Partners GP L.L.C. increased its position in Oracle by 2.1% in the 3rd quarter. Adage Capital Partners GP L.L.C. now owns 1,565,216 shares of the enterprise software provider’s stock valued at $165,788,000 after acquiring an additional 32,000 shares during the period. Finally, Elevatus Welath Management boosted its position in Oracle by 10.2% during the 3rd quarter. Elevatus Welath Management now owns 4,906 shares of the enterprise software provider’s stock worth $520,000 after acquiring an additional 453 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 topic of a number of recent analyst reports. Citigroup cut their price objective on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research note on Monday, June 10th. Mizuho increased their price objective on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. Morgan Stanley reissued an “equal weight” rating and set a $125.00 target price on shares of Oracle in a report on Tuesday, June 25th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, Bank of America upped their price objective on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Up 0.1 %

ORCL stock opened at $143.27 on Wednesday. The company has a 50 day moving average of $125.81 and a two-hundred day moving average of $118.49. The company has a market cap of $394.83 billion, a price-to-earnings ratio of 38.62, a PEG ratio of 2.56 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $145.32. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last announced its quarterly earnings data 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). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the prior year, the business posted $1.35 earnings per share. Oracle’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. Oracle’s payout ratio is 43.13%.

Insider Activity at Oracle

In other Oracle news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the transaction, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,639 shares of company stock valued at $53,002,729. 42.80% of the stock is currently owned by corporate 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.