Wynn Capital LLC Takes Position in Oracle Co. (NYSE:ORCL)

Wynn Capital LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) during the fourth quarter, HoldingsChannel.com reports. The fund bought 20,162 shares of the enterprise software provider’s stock, valued at approximately $2,126,000. Oracle makes up about 1.7% of Wynn Capital LLC’s holdings, making the stock its 12th largest holding.

A number of other hedge funds have also recently modified their holdings of ORCL. Bison Wealth LLC raised its stake in Oracle by 0.8% during the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock valued at $1,280,000 after buying an additional 91 shares in the last quarter. MONECO Advisors LLC raised its position in shares of Oracle by 1.1% during the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after purchasing an additional 94 shares during the period. Everhart Financial Group Inc. raised its position in shares of Oracle by 1.4% during the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after purchasing an additional 96 shares during the period. Nicholas Hoffman & Company LLC. raised its position in shares of Oracle by 1.0% during the 3rd quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock worth $1,000,000 after purchasing an additional 98 shares during the period. Finally, J.W. Cole Advisors Inc. raised its position in shares of Oracle by 0.5% during the 3rd quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock worth $2,255,000 after purchasing an additional 100 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Company insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research reports. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. HSBC raised their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. KeyCorp started coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price on the stock. Finally, BMO Capital Markets raised their target price on Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

Oracle Stock Up 0.3 %

Shares of NYSE:ORCL traded up $0.30 during midday trading on Wednesday, hitting $115.39. 5,787,354 shares of the stock were exchanged, compared to its average volume of 8,500,789. Oracle Co. has a 52-week low of $93.29 and a 52-week high of $132.77. The business’s fifty day simple moving average is $119.23 and its two-hundred day simple moving average is $113.03. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The company has a market capitalization of $317.15 billion, a PE ratio of 30.47, a P/E/G ratio of 2.30 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping analysts’ consensus estimates of $1.37 by $0.04. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The business had revenue of $13.28 billion for the quarter, compared to analyst estimates of $13.29 billion. During the same period in the previous year, the company posted $0.96 earnings per share. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. As a group, research analysts predict that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.39%. The ex-dividend date of this dividend is Tuesday, April 9th. Oracle’s payout ratio is 42.22%.

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.