Oracle Co. (NYSE:ORCL) Shares Bought by Cornerstone Wealth Management LLC

Cornerstone Wealth Management LLC raised its stake in Oracle Co. (NYSE:ORCL) by 13.3% in the fourth quarter, HoldingsChannel.com reports. The fund owned 8,485 shares of the enterprise software provider’s stock after buying an additional 998 shares during the quarter. Cornerstone Wealth Management LLC’s holdings in Oracle were worth $1,414,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Fred Alger Management LLC boosted its stake in Oracle by 5.4% in the second quarter. Fred Alger Management LLC now owns 26,970 shares of the enterprise software provider’s stock valued at $3,808,000 after acquiring an additional 1,388 shares during the period. Delta Investment Management LLC acquired a new position in Oracle in the second quarter valued at approximately $243,000. Dark Forest Capital Management LP acquired a new position in shares of Oracle during the second quarter worth approximately $856,000. MBB Public Markets I LLC boosted its position in shares of Oracle by 1,903.0% during the second quarter. MBB Public Markets I LLC now owns 149,244 shares of the enterprise software provider’s stock worth $21,073,000 after buying an additional 141,793 shares during the period. Finally, Maverick Capital Ltd. boosted its position in shares of Oracle by 37.5% during the second quarter. Maverick Capital Ltd. now owns 17,122 shares of the enterprise software provider’s stock worth $2,418,000 after buying an additional 4,668 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several brokerages recently commented on ORCL. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Friday. Guggenheim upped their price target on Oracle from $200.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a report on Friday, December 20th. Citigroup upped their price target on Oracle from $157.00 to $194.00 and gave the company a “neutral” rating in a report on Tuesday, December 10th. Finally, BNP Paribas raised shares of Oracle to a “strong-buy” rating in a research note on Tuesday, December 10th. One equities research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Oracle Trading Down 1.5 %

Shares of NYSE:ORCL opened at $183.59 on Friday. The stock has a market capitalization of $513.50 billion, a PE ratio of 44.89, a P/E/G 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 $162.22. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, January 9th. Shareholders of record on Thursday, January 23rd were given 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 dividend payout ratio is 39.12%.

Insiders Place Their Bets

In other Oracle news, CEO Safra Catz sold 345,174 shares of the business’s stock in a transaction on Friday, January 24th. The shares were sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $207,565,931.52. The trade was a 23.58 % decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 42.20% of the company’s stock.

About Oracle

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.