Caprock Group LLC Has $12.21 Million Position in Oracle Co. (NYSE:ORCL)

Caprock Group LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 51.8% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 86,477 shares of the enterprise software provider’s stock after acquiring an additional 29,523 shares during the quarter. Oracle accounts for about 0.5% of Caprock Group LLC’s investment portfolio, making the stock its 26th largest holding. Caprock Group LLC’s holdings in Oracle were worth $12,211,000 at the end of the most recent quarter.

Several other hedge funds have also recently bought and sold shares of the stock. Vanguard Group Inc. lifted its holdings in Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock valued at $18,993,977,000 after purchasing an additional 1,514,569 shares during the last quarter. Capital World Investors boosted its stake in shares of Oracle by 0.4% in the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock valued at $2,319,604,000 after purchasing an additional 82,551 shares in the last quarter. Parnassus Investments LLC grew its stake in shares of Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after buying an additional 2,191,342 shares during the last quarter. Janus Henderson Group PLC increased its holdings in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares in the last quarter. Finally, Putnam Investments LLC grew its holdings in Oracle by 6.0% during the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock worth $1,300,941,000 after acquiring an additional 697,961 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a filing with the SEC, which is available through this link. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last three months. 42.80% of the stock is currently owned by insiders.

Oracle Price Performance

Shares of ORCL stock opened at $141.81 on Friday. The firm has a market capitalization of $390.81 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.55 and a beta of 1.01. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The stock’s 50-day simple moving average is $138.72 and its 200-day simple moving average is $128.47.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. The company’s quarterly revenue was up 3.3% on a year-over-year basis. As a group, equities analysts forecast that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio is presently 43.13%.

Wall Street Analyst Weigh In

Several equities research analysts have recently weighed in on ORCL shares. Piper Sandler reissued an “overweight” rating and set a $150.00 target price on shares of Oracle in a research note on Friday, July 12th. Evercore ISI increased their price objective on Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Sanford C. Bernstein boosted their price target on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Morgan Stanley restated an “equal weight” rating and issued a $125.00 price objective on shares of Oracle in a research note on Tuesday, June 25th. Finally, Mizuho lifted their price target on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average target price of $145.87.

About Oracle

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.