Chicago Capital LLC Has $10.51 Million Stock Position in Oracle Co. (NYSE:ORCL)

Chicago Capital LLC increased its position in Oracle Co. (NYSE:ORCL) by 43.1% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 61,691 shares of the enterprise software provider’s stock after buying an additional 18,584 shares during the period. Chicago Capital LLC’s holdings in Oracle were worth $10,512,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Alaska Permanent Fund Corp bought a new stake in Oracle during the 1st quarter worth approximately $36,000. Park Avenue Securities LLC grew its holdings in Oracle by 2.5% during the first quarter. Park Avenue Securities LLC now owns 22,071 shares of the enterprise software provider’s stock worth $2,772,000 after buying an additional 548 shares in the last quarter. RFG Advisory LLC raised its position in Oracle by 11.7% in the 1st quarter. RFG Advisory LLC now owns 17,999 shares of the enterprise software provider’s stock valued at $2,261,000 after buying an additional 1,884 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Oracle by 5.6% during the 1st quarter. International Assets Investment Management LLC now owns 12,620 shares of the enterprise software provider’s stock valued at $1,584,000 after acquiring an additional 673 shares in the last quarter. Finally, Steph & Co. boosted its holdings in Oracle by 70.7% during the 1st quarter. Steph & Co. now owns 461 shares of the enterprise software provider’s stock worth $58,000 after acquiring an additional 191 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. This trade represents a 0.00 % decrease in their position. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts recently weighed in on ORCL shares. KeyCorp boosted their price target on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. StockNews.com upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. UBS Group reiterated a “market outperform” rating on shares of Oracle in a report on Friday. Piper Sandler boosted their price objective on Oracle from $150.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI raised their target price on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average target price of $168.67.

Oracle Price Performance

Shares of NYSE:ORCL opened at $174.69 on Friday. The company’s fifty day moving average is $156.29 and its 200 day moving average is $138.59. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $178.61. The stock has a market cap of $484.08 billion, a PE ratio of 45.02, a PEG ratio of 3.25 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the business earned $0.95 earnings per share. Research analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.92%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio is 41.24%.

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.