Charter Oak Capital Management LLC Boosts Holdings in Oracle Co. (NYSE:ORCL)

Charter Oak Capital Management LLC grew its position in Oracle Co. (NYSE:ORCL) by 5.3% in the 1st quarter, HoldingsChannel.com reports. The institutional investor owned 2,600 shares of the enterprise software provider’s stock after purchasing an additional 131 shares during the period. Charter Oak Capital Management LLC’s holdings in Oracle were worth $363,000 at the end of the most recent quarter.

Other hedge funds have also recently made changes to their positions in the company. Cookson Peirce & Co. Inc. boosted its position in Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock valued at $237,000 after buying an additional 60 shares during the period. Warther Private Wealth LLC boosted its holdings in shares of Oracle by 1.8% in the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider’s stock valued at $603,000 after acquiring an additional 63 shares in the last quarter. Howard Bailey Securities LLC boosted its holdings in shares of Oracle by 2.9% in the fourth quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider’s stock valued at $379,000 after acquiring an additional 64 shares in the last quarter. New England Capital Financial Advisors LLC boosted its holdings in Oracle by 6.4% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock worth $177,000 after buying an additional 64 shares in the last quarter. Finally, Cape ANN Savings Bank boosted its holdings in Oracle by 1.1% during the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock worth $970,000 after buying an additional 65 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of equities analysts have issued reports on ORCL shares. KeyCorp restated an “overweight” rating and set a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. DA Davidson lowered their target price on shares of Oracle from $150.00 to $140.00 and set a “neutral” rating for the company in a report on Monday, April 14th. JPMorgan Chase & Co. decreased their price objective on shares of Oracle from $140.00 to $135.00 and set a “neutral” rating for the company in a research note on Tuesday, March 11th. Citigroup decreased their price objective on shares of Oracle from $194.00 to $160.00 and set a “neutral” rating for the company in a research note on Wednesday, March 12th. Finally, Guggenheim restated a “buy” rating and issued a $220.00 target price on shares of Oracle in a research note on Thursday. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus target price of $174.42.

Oracle Stock Up 1.8%

ORCL opened at $174.22 on Friday. Oracle Co. has a fifty-two week low of $118.86 and a fifty-two week high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The company has a market capitalization of $487.29 billion, a P/E ratio of 42.60, a P/E/G ratio of 3.46 and a beta of 1.32. The stock has a fifty day moving average of $147.20 and a 200-day moving average of $160.46.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing the consensus estimate of $1.49 by ($0.02). The firm had revenue of $14.13 billion for the quarter, compared to the consensus estimate of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company’s revenue for the quarter was up 6.4% compared to the same quarter last year. During the same period in the prior year, the company earned $1.41 EPS. On average, equities analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Increases Dividend

The company also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were issued a dividend of $0.50 per share. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 annualized dividend and a dividend yield of 1.15%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle’s payout ratio is 46.95%.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the firm’s stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock worth $4,015,723 over the last ninety days. Insiders own 42.20% of the company’s stock.

Oracle 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.