Oracle Co. (NYSE:ORCL) Shares Acquired by Chatham Capital Group Inc.

Chatham Capital Group Inc. increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 6.0% during the 1st quarter, Holdings Channel.com reports. The fund owned 32,709 shares of the enterprise software provider’s stock after buying an additional 1,866 shares during the period. Chatham Capital Group Inc.’s holdings in Oracle were worth $4,109,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other large investors have also recently bought and sold shares of the business. Westend Capital Management LLC bought a new position in shares of Oracle during the first quarter worth about $25,000. Orion Capital Management LLC bought a new position in Oracle in the 3rd quarter worth about $25,000. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle in the third quarter valued at approximately $27,000. Tidemark LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $29,000. Finally, Frank Rimerman Advisors LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $30,000. Institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

Several research firms recently commented on ORCL. Piper Sandler lifted their target price on Oracle from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. TD Cowen lifted their price objective on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Stifel Nicolaus increased their target price on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. DA Davidson restated a “neutral” rating and set a $105.00 price target on shares of Oracle in a research report on Wednesday, June 12th. Finally, Bank of America upped their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Trading Up 0.7 %

Shares of ORCL stock traded up $1.02 during trading hours on Friday, reaching $141.20. 25,814,821 shares of the stock traded hands, compared to its average volume of 11,264,646. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The firm has a market capitalization of $389.13 billion, a PE ratio of 38.06, a PEG ratio of 2.56 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $145.32. The business has a fifty day moving average price of $125.24 and a 200 day moving average price of $118.19.

Oracle (NYSE:ORCL) last announced its 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 firm had revenue of $14.29 billion for 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%. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period last year, the firm earned $1.35 earnings per share. On average, equities research analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Oracle’s payout ratio is presently 43.13%.

Insider Buying and Selling at Oracle

In other news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of 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 legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, 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 Securities & Exchange Commission, which is available at this hyperlink. Also, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction 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 sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders have sold a total of 385,639 shares of company stock valued at $53,002,729 in the last 90 days. 42.80% of the stock is currently owned by corporate insiders.

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.