Ceeto Capital Group LLC Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Ceeto Capital Group LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 1.3% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 15,930 shares of the enterprise software provider’s stock after purchasing an additional 200 shares during the period. Ceeto Capital Group LLC’s holdings in Oracle were worth $2,001,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ORCL. Westend Capital Management LLC bought a new position in shares of Oracle during the first quarter valued at approximately $25,000. Tidemark LLC bought a new stake in Oracle in the 4th quarter valued at $29,000. Frank Rimerman Advisors LLC bought a new stake in shares of Oracle in the 4th quarter worth about $30,000. Alaska Permanent Fund Corp bought a new stake in shares of Oracle in the 1st quarter worth about $36,000. Finally, Nordwand Advisors LLC bought a new position in Oracle during the 4th quarter valued at about $30,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

NYSE ORCL traded up $1.19 on Friday, hitting $139.01. 5,139,377 shares of the stock traded hands, compared to its average volume of 7,701,505. The business’s fifty day moving average is $135.07 and its two-hundred day moving average is $123.43. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $146.59. The firm has a market capitalization of $383.09 billion, a price-to-earnings ratio of 37.47, a PEG ratio of 2.51 and a beta of 1.02. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

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 business had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter last year, the business posted $1.35 EPS. The company’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a dividend of $0.40 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.15%. Oracle’s dividend payout ratio is currently 43.13%.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George H. Conrades sold 20,000 shares of the firm’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 completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders sold 1,952,500 shares of company stock worth $277,298,174 over the last three months. Company insiders own 42.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several equities research analysts have issued reports on ORCL shares. Piper Sandler reissued an “overweight” rating and issued a $150.00 price objective on shares of Oracle in a research report on Friday, July 12th. Stifel Nicolaus increased their price target on shares of Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Bank of America increased their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Guggenheim reissued a “buy” rating and issued a $175.00 price target on shares of Oracle in a research note on Tuesday, June 25th. Finally, StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

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.