Stonegate Investment Group LLC Has $15.37 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Stonegate Investment Group LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 0.3% during the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 92,221 shares of the enterprise software provider’s stock after purchasing an additional 282 shares during the quarter. Stonegate Investment Group LLC’s holdings in Oracle were worth $15,368,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Prospect Financial Services LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $209,000. Perigon Wealth Management LLC lifted its stake in shares of Oracle by 2.0% in the 4th quarter. Perigon Wealth Management LLC now owns 28,583 shares of the enterprise software provider’s stock valued at $4,560,000 after purchasing an additional 549 shares during the period. Revolve Wealth Partners LLC lifted its stake in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after purchasing an additional 404 shares during the period. Griffin Asset Management Inc. raised its stake in Oracle by 2.3% during the 4th quarter. Griffin Asset Management Inc. now owns 56,669 shares of the enterprise software provider’s stock worth $9,443,000 after buying an additional 1,287 shares during the period. Finally, Fortitude Advisory Group L.L.C. raised its stake in Oracle by 3.9% during the 4th quarter. Fortitude Advisory Group L.L.C. now owns 5,220 shares of the enterprise software provider’s stock worth $870,000 after buying an additional 197 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, CEO Safra Catz sold 345,174 shares of the firm’s stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total transaction of $64,050,487.44. Following the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 42.20% of the stock is currently owned by company insiders.

Oracle Price Performance

Shares of NYSE ORCL opened at $158.10 on Tuesday. The stock has a fifty day simple moving average of $174.41 and a two-hundred day simple moving average of $162.79. Oracle Co. has a 1-year low of $106.51 and a 1-year high of $198.31. The firm has a market cap of $442.19 billion, a price-to-earnings ratio of 38.65, a price-to-earnings-growth ratio of 3.62 and a beta of 1.06. 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 posted its 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). The company had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue was up 8.6% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.34 EPS. Analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were given a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.01%. Oracle’s dividend payout ratio (DPR) is presently 39.12%.

Analyst Ratings Changes

A number of research analysts recently weighed in on the company. Monness Crespi & Hardt downgraded Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price target on the stock. in a research note on Friday, December 20th. Royal Bank of Canada reaffirmed a “sector perform” rating and set a $165.00 price target on shares of Oracle in a research note on Thursday, December 5th. Stifel Nicolaus upped their price target on Oracle from $155.00 to $175.00 and gave the stock a “hold” rating in a research note on Tuesday, December 10th. Guggenheim upped their price target on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a research note on Thursday, December 5th. Finally, JMP Securities reissued a “market outperform” rating and set a $205.00 price objective on shares of Oracle in a report on Wednesday, January 22nd. One research analyst has rated the stock with a sell rating, eleven have issued a hold rating, seventeen have issued a buy rating and two have assigned a strong buy rating to the company. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $182.73.

Oracle Company 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.