Pointe Capital Management LLC Has $773,000 Stock Position in Oracle Co. (NYSE:ORCL)

Pointe Capital Management LLC raised its stake in Oracle Co. (NYSE:ORCL) by 11.4% during the 4th quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 7,328 shares of the enterprise software provider’s stock after acquiring an additional 751 shares during the quarter. Pointe Capital Management LLC’s holdings in Oracle were worth $773,000 at the end of the most recent reporting period.

Other hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Oracle during the 3rd quarter worth $25,000. Ritter Daniher Financial Advisory LLC DE raised its stake in 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 worth $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new stake in Oracle in the 3rd quarter valued at about $27,000. Cornerstone Planning Group LLC grew its position in shares of Oracle by 1,268.0% during the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after purchasing an additional 317 shares in the last quarter. Finally, BOK Financial Private Wealth Inc. increased its holdings in shares of Oracle by 139.4% during the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 216 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of analyst reports. The Goldman Sachs Group increased their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. HSBC boosted their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, KeyCorp started coverage on shares of Oracle in a research report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Eleven equities research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Buying and Selling

In other news, Director George H. Conrades sold 25,000 shares of the firm’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 completion of the transaction, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, CEO Safra Catz sold 790,000 shares of the firm’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 transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 17,836 shares in the company, valued at $2,071,294.68. The disclosure for this sale can be found here. 42.80% of the stock is owned by corporate insiders.

Oracle Trading Up 0.7 %

Shares of ORCL stock traded up $0.84 during mid-day trading on Friday, reaching $115.80. 4,484,976 shares of the stock traded hands, compared to its average volume of 6,128,065. The company has a market cap of $318.28 billion, a price-to-earnings ratio of 30.55, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03. The company has a quick ratio of 0.85, a current ratio of 0.85 and a debt-to-equity ratio of 13.34. The stock’s fifty day simple moving average is $119.91 and its two-hundred day simple moving average is $113.32. Oracle Co. has a 1-year low of $94.41 and a 1-year high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. During the same quarter last year, the business earned $0.96 EPS. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. On average, research analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. 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 1.38%. Oracle’s payout ratio is 42.22%.

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.