Cornerstone Wealth Group LLC Buys 105 Shares of Oracle Co. (NYSE:ORCL)

Cornerstone Wealth Group LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 0.6% during the 4th quarter, Holdings Channel.com reports. The institutional investor owned 16,487 shares of the enterprise software provider’s stock after buying an additional 105 shares during the period. Cornerstone Wealth Group LLC’s holdings in Oracle were worth $2,747,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Susquehanna Fundamental Investments LLC purchased a new position in Oracle during the 2nd quarter valued at about $1,516,000. SkyView Investment Advisors LLC increased its stake in shares of Oracle by 30.4% during the second quarter. SkyView Investment Advisors LLC now owns 5,185 shares of the enterprise software provider’s stock valued at $732,000 after purchasing an additional 1,209 shares in the last quarter. Aviso Wealth Management lifted its holdings in shares of Oracle by 7.5% during the second quarter. Aviso Wealth Management now owns 3,375 shares of the enterprise software provider’s stock valued at $476,000 after purchasing an additional 235 shares during the last quarter. Creative Planning boosted its position in shares of Oracle by 23.1% in the 2nd quarter. Creative Planning now owns 744,571 shares of the enterprise software provider’s stock worth $105,133,000 after purchasing an additional 139,513 shares in the last quarter. Finally, Magnolia Capital Advisors LLC grew its stake in shares of Oracle by 91.0% in the 2nd quarter. Magnolia Capital Advisors LLC now owns 12,869 shares of the enterprise software provider’s stock worth $1,817,000 after buying an additional 6,130 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Down 1.5 %

Shares of ORCL stock opened at $183.59 on Monday. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The company has a market cap of $513.50 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 3.62 and a beta of 1.06. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The firm has a fifty day moving average price of $174.41 and a 200-day moving average price of $162.64.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.48 by ($0.01). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $14.06 billion for the quarter, compared to the consensus estimate of $14.12 billion. During the same period in the prior year, the firm posted $1.34 EPS. The business’s revenue for the quarter was up 8.6% on a year-over-year basis. As a group, equities analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. The ex-dividend date of this dividend was Friday, January 10th. Oracle’s payout ratio is 39.12%.

Analyst Upgrades and Downgrades

Several research firms have commented on ORCL. KeyCorp boosted their target price on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. Royal Bank of Canada reissued a “sector perform” rating and set a $165.00 price objective on shares of Oracle in a research report on Thursday, December 5th. Guggenheim lifted their target price on shares of Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Monness Crespi & Hardt downgraded shares of Oracle from a “neutral” rating to a “sell” rating and set a $130.00 target price on the stock. in a research note on Friday, December 20th. Finally, Stifel Nicolaus boosted their price objective on shares of Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a report on Tuesday, December 10th. One analyst has rated the stock with a sell rating, eleven have given a hold rating, seventeen have assigned a buy rating and two have given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average price target of $182.73.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 2,101,154 shares of the firm’s stock in a transaction on Wednesday, January 22nd. The shares were sold at an average price of $185.35, for a total transaction of $389,448,893.90. Following the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $207,331,027.20. This trade represents a 65.26 % decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Insiders own 42.20% of the company’s stock.

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.