Andar Capital Management HK Ltd Invests $2.11 Million in Oracle Co. (NYSE:ORCL)

Andar Capital Management HK Ltd bought a new position in shares of Oracle Co. (NYSE:ORCL) during the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm bought 20,000 shares of the enterprise software provider’s stock, valued at approximately $2,109,000. Oracle accounts for about 3.0% of Andar Capital Management HK Ltd’s investment portfolio, making the stock its 15th biggest position.

Other hedge funds also recently made changes to their positions in the company. Vanguard Group Inc. increased its stake in Oracle by 5.7% in the third quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares during the last quarter. Northern Trust Corp increased its stake in Oracle by 3.5% in the third quarter. Northern Trust Corp now owns 18,718,180 shares of the enterprise software provider’s stock valued at $1,982,630,000 after acquiring an additional 635,994 shares during the last quarter. Charles Schwab Investment Management Inc. increased its stake in Oracle by 0.5% in the third quarter. Charles Schwab Investment Management Inc. now owns 11,704,523 shares of the enterprise software provider’s stock valued at $1,211,307,000 after acquiring an additional 61,604 shares during the last quarter. Invesco Ltd. boosted its position in Oracle by 1.1% in the third quarter. Invesco Ltd. now owns 8,471,884 shares of the enterprise software provider’s stock valued at $897,342,000 after buying an additional 89,876 shares in the last quarter. Finally, Wellington Management Group LLP increased its holdings in shares of Oracle by 9,299.3% during the third quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after buying an additional 8,084,067 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

ORCL has been the topic of several analyst reports. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, April 23rd. The Goldman Sachs Group boosted their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. HSBC boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, BMO Capital Markets upped their price target on shares of 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 given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Performance

Shares of ORCL traded up $2.19 during mid-day trading on Wednesday, hitting $115.94. 3,391,975 shares of the company traded hands, compared to its average volume of 8,347,840. 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 stock has a 50-day moving average price of $119.63 and a two-hundred day moving average price of $113.25. Oracle Co. has a 1 year low of $93.85 and a 1 year high of $132.77. The stock has a market cap of $318.66 billion, a price-to-earnings ratio of 30.01, a P/E/G ratio of 2.34 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. During the same period in the previous year, the company earned $0.96 earnings per share. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. Equities analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.38%. Oracle’s dividend payout ratio is currently 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.