209,694 Shares in Oracle Co. (NYSE:ORCL) Purchased by Crake Asset Management LLP

Crake Asset Management LLP bought a new stake in Oracle Co. (NYSE:ORCLFree Report) during the fourth quarter, according to its most recent 13F filing with the SEC. The institutional investor bought 209,694 shares of the enterprise software provider’s stock, valued at approximately $22,108,000. Oracle makes up about 2.1% of Crake Asset Management LLP’s investment portfolio, making the stock its 13th largest position.

Several other hedge funds also recently modified their holdings of the company. Pittenger & Anderson Inc. raised its position in shares of Oracle by 21.8% in the 3rd quarter. Pittenger & Anderson Inc. now owns 3,245 shares of the enterprise software provider’s stock worth $344,000 after buying an additional 580 shares during the period. Principal Financial Group Inc. grew its holdings in shares of Oracle by 1.4% during the 3rd quarter. Principal Financial Group Inc. now owns 1,806,258 shares of the enterprise software provider’s stock worth $191,319,000 after purchasing an additional 25,564 shares during the period. Quantum Private Wealth LLC acquired a new stake in Oracle during the 3rd quarter worth approximately $229,000. Tokio Marine Asset Management Co. Ltd. raised its holdings in Oracle by 10.8% in the third quarter. Tokio Marine Asset Management Co. Ltd. now owns 35,918 shares of the enterprise software provider’s stock valued at $3,804,000 after buying an additional 3,507 shares during the period. Finally, West Family Investments Inc. acquired a new position in Oracle during the third quarter valued at approximately $424,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Performance

Oracle stock traded up $1.34 during midday trading on Friday, reaching $123.50. 6,179,367 shares of the stock traded hands, compared to its average volume of 6,325,513. The firm has a fifty day moving average price of $121.27 and a two-hundred day moving average price of $114.52. Oracle Co. has a fifty-two week low of $97.29 and a fifty-two week high of $132.77. The firm has a market cap of $339.44 billion, a price-to-earnings ratio of 32.59, a PEG ratio of 2.48 and a beta of 1.03. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were paid a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.30%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s dividend payout ratio is currently 42.22%.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on the company. KeyCorp began coverage on Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Oppenheimer began coverage on shares of Oracle in a research note on Thursday, April 18th. They set a “market perform” rating on the stock. BMO Capital Markets upped their target price on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research note on Tuesday, March 12th. 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 report on Wednesday, March 13th. Finally, William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note 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. According to data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $130.76.

Get Our Latest Research Report on Oracle

Insider Activity at Oracle

In related news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other Oracle news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated 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 in the company, valued at $2,068,976. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Insiders sold 880,000 shares of company stock worth $110,488,150 in the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Oracle Company Profile

(Free Report)

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.

See Also

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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