Patrick M Sweeney & Associates Inc. Makes New $295,000 Investment in Oracle Co. (NYSE:ORCL)

Patrick M Sweeney & Associates Inc. bought a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent 13F filing with the SEC. The fund bought 2,797 shares of the enterprise software provider’s stock, valued at approximately $295,000.

Other institutional investors and hedge funds also recently made changes to their positions in the company. BluePath Capital Management LLC acquired a new stake in Oracle in the 3rd quarter valued at about $45,000. FORVIS Wealth Advisors LLC raised its position in Oracle by 14.0% in the 3rd quarter. FORVIS Wealth Advisors LLC now owns 29,541 shares of the enterprise software provider’s stock worth $3,129,000 after purchasing an additional 3,634 shares during the last quarter. Mirae Asset Global Investments Co. Ltd. boosted its position in Oracle by 18.8% in the 3rd quarter. Mirae Asset Global Investments Co. Ltd. now owns 644,762 shares of the enterprise software provider’s stock valued at $68,293,000 after buying an additional 102,182 shares during the last quarter. Rowlandmiller & PARTNERS.ADV increased its stake in shares of Oracle by 79.1% in the 3rd quarter. Rowlandmiller & PARTNERS.ADV now owns 4,115 shares of the enterprise software provider’s stock valued at $436,000 after buying an additional 1,817 shares during the period. Finally, Kanawha Capital Management LLC raised its position in shares of Oracle by 1.6% during the third quarter. Kanawha Capital Management LLC now owns 204,401 shares of the enterprise software provider’s stock worth $21,650,000 after acquiring an additional 3,313 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts recently commented on ORCL shares. BMO Capital Markets lifted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research report on Tuesday, March 12th. KeyCorp began coverage on shares of Oracle in a research note on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target for the company. HSBC raised their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Finally, Argus raised Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Eleven equities research analysts have rated the stock with a hold rating and fourteen have assigned a buy rating to the company. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Transactions at Oracle

In other news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. In the last 90 days, insiders sold 835,000 shares of company stock valued at $105,189,850. Company insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock traded down $0.45 on Tuesday, hitting $117.89. The company’s stock had a trading volume of 6,434,951 shares, compared to its average volume of 8,246,625. Oracle Co. has a fifty-two week low of $96.10 and a fifty-two week high of $132.77. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock’s 50 day moving average is $120.19 and its 200-day moving average is $113.57. The company has a market capitalization of $324.02 billion, a PE ratio of 31.11, a PEG ratio of 2.32 and a beta of 1.03.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, topping the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same period last year, the firm earned $0.96 earnings per share. Equities research analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.36%. Oracle’s payout ratio is 42.22%.

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.