Advance Capital Management Inc. Has $1.75 Million Stake in Oracle Co. (NYSE:ORCL)

Advance Capital Management Inc. lessened its holdings in Oracle Co. (NYSE:ORCL) by 6.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 13,945 shares of the enterprise software provider’s stock after selling 942 shares during the period. Advance Capital Management Inc.’s holdings in Oracle were worth $1,752,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Contour Asset Management LLC boosted its stake in Oracle by 41.5% in the 4th quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after purchasing an additional 643,490 shares during the period. Sandy Spring Bank boosted its position in shares of Oracle by 1.4% in the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after acquiring an additional 1,107 shares during the period. Hancock Whitney Corp grew its stake in shares of Oracle by 12.7% in the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after acquiring an additional 3,291 shares in the last quarter. LVM Capital Management Ltd. MI grew its position in shares of Oracle by 3.5% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after purchasing an additional 200 shares in the last quarter. Finally, Heritage Wealth Advisors grew its position in Oracle by 0.6% during the fourth quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after buying an additional 109 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts recently commented on the company. TD Cowen boosted their price target on Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. DA Davidson reaffirmed a “neutral” rating and set a $105.00 price target on shares of Oracle in a report on Wednesday, June 12th. BMO Capital Markets lifted their price objective on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday. JMP Securities restated a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Finally, Stifel Nicolaus boosted their price target on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $144.79.

Oracle Price Performance

Oracle stock opened at $144.64 on Wednesday. The stock’s 50 day moving average price is $121.81 and its two-hundred day moving average price is $116.50. The stock has a market capitalization of $397.54 billion, a price-to-earnings ratio of 38.99, a PEG ratio of 2.53 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.71. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $145.06.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The company had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 earnings per share. On average, equities analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.11%. Oracle’s payout ratio is 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, Director George H. Conrades sold 25,000 shares of Oracle 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 completion of the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Director George H. Conrades sold 25,000 shares of the stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value 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 disclosure for this sale can be found here. Over the last three months, insiders have sold 880,000 shares of company stock valued at $110,488,150. Corporate insiders own 42.80% 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.