Brookstone Capital Management Has $2.59 Million Holdings in Oracle Co. (NYSE:ORCL)

Brookstone Capital Management lifted its stake in Oracle Co. (NYSE:ORCL) by 13.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,635 shares of the enterprise software provider’s stock after buying an additional 2,383 shares during the period. Brookstone Capital Management’s holdings in Oracle were worth $2,592,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Norges Bank acquired a new stake in shares of Oracle in the 4th quarter valued at $1,210,181,000. Wellington Management Group LLP increased its stake in shares of Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock valued at $865,472,000 after buying an additional 8,084,067 shares during the period. Vanguard Group Inc. increased its stake in shares of Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares during the period. Boston Partners increased its stake in shares of Oracle by 382.4% in the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after buying an additional 3,617,413 shares during the period. Finally, Capital World Investors increased its stake in shares of Oracle by 22.1% in the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after buying an additional 3,323,334 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Ratings Changes

Several equities research analysts have recently commented on ORCL shares. Sanford C. Bernstein lifted their target price on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Stifel Nicolaus raised their price target on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, June 12th. KeyCorp raised their price target on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. DA Davidson restated a “neutral” rating and issued a $105.00 price target on shares of Oracle in a research report on Wednesday, June 12th. Finally, William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Price Performance

Shares of NYSE ORCL opened at $140.21 on Friday. The business’s 50 day moving average price is $124.23 and its two-hundred day moving average price is $117.62. The company has a market cap of $386.40 billion, a PE ratio of 37.79, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $145.32.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the firm earned $1.35 EPS. The company’s revenue was up 3.3% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Activity at Oracle

In related news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a filing with the SEC, which is available at this link. In other Oracle news, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction 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 completion of the sale, the director now directly owns 17,836 shares in the company, valued at $2,068,976. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,639 shares of company stock worth $53,002,729. Company insiders own 42.80% 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.