Exchange Capital Management Inc. Purchases 256 Shares of Oracle Co. (NYSE:ORCL)

Exchange Capital Management Inc. lifted its position in shares of Oracle Co. (NYSE:ORCL) by 6.1% in the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 4,432 shares of the enterprise software provider’s stock after buying an additional 256 shares during the period. Exchange Capital Management Inc.’s holdings in Oracle were worth $557,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Invst LLC increased its position in Oracle by 2.7% in the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after buying an additional 86 shares during the last quarter. Nemes Rush Group LLC increased its holdings in Oracle by 1.2% in the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock worth $773,000 after acquiring an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC raised its stake in Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after acquiring an additional 90 shares during the period. Sovereign Financial Group Inc. lifted its holdings in Oracle by 2.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after purchasing an additional 90 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. boosted its position in Oracle by 0.3% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock worth $3,525,000 after purchasing an additional 90 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

A number of analysts recently commented on the stock. KeyCorp upped their price target on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Evercore ISI lifted their target price on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. The Goldman Sachs Group raised their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Finally, BMO Capital Markets increased their target price on shares of Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research note on Monday, June 17th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $145.83.

Insider Activity at Oracle

In other news, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction on 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 sale, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction that occurred on 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 transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders have sold 385,639 shares of company stock worth $53,002,729 over the last ninety days. 42.80% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of ORCL stock opened at $143.27 on Wednesday. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The firm has a market cap of $394.83 billion, a P/E ratio of 38.62, a P/E/G ratio of 2.56 and a beta of 1.02. The business’s 50 day moving average price is $125.81 and its 200-day moving average price is $118.49. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week 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). The company had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm posted $1.35 earnings per share. On average, equities research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

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.