Spring Capital Management LLC Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

Spring Capital Management LLC increased its stake in shares of Oracle Co. (NYSE:ORCL) by 2.5% during the fourth quarter, HoldingsChannel reports. The fund owned 63,880 shares of the enterprise software provider’s stock after acquiring an additional 1,565 shares during the quarter. Oracle makes up about 5.3% of Spring Capital Management LLC’s portfolio, making the stock its 6th biggest holding. Spring Capital Management LLC’s holdings in Oracle were worth $6,735,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also bought and sold shares of the stock. Orion Capital Management LLC acquired a new stake in Oracle during the third quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in shares of Oracle by 298.4% in the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle in the 3rd quarter valued at $27,000. Cornerstone Planning Group LLC boosted its stake in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares in the last quarter. Finally, Studio Investment Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $42,000. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently issued reports on the company. KeyCorp assumed coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price target for the company. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Wolfe Research cut their price target on Oracle from $140.00 to $130.00 and set an “outperform” rating for the company in a report on Tuesday, December 12th. The Goldman Sachs Group boosted their price objective on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, UBS Group dropped their price objective on Oracle from $135.00 to $125.00 and set a “buy” rating for the company in a report on Tuesday, December 12th. Ten investment analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $130.76.

Oracle Price Performance

Shares of NYSE:ORCL opened at $125.20 on Thursday. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a twelve month low of $89.71 and a twelve month high of $132.77. The stock’s 50 day moving average is $116.00 and its 200-day moving average is $111.37. The firm has a market capitalization of $344.11 billion, a price-to-earnings ratio of 33.06, a PEG ratio of 2.45 and a beta of 1.00.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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%. Oracle’s revenue was up 7.1% compared to the same quarter last year. During the same quarter in the prior year, the company posted $0.96 earnings per share. Sell-side analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.28%. Oracle’s payout ratio is 42.22%.

Insider Transactions at Oracle

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

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.