Chatham Capital Group Inc. Buys 132 Shares of Oracle Co. (NYSE:ORCL)

Chatham Capital Group Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 0.4% during the 1st quarter, Holdings Channel.com reports. The firm owned 34,434 shares of the enterprise software provider’s stock after buying an additional 132 shares during the quarter. Chatham Capital Group Inc.’s holdings in Oracle were worth $4,814,000 as of its most recent SEC filing.

Other large investors have also added to or reduced their stakes in the company. McClarren Financial Advisors Inc. raised its holdings in shares of Oracle by 201.7% during the fourth quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock worth $266,000 after purchasing an additional 1,069 shares during the last quarter. Cornerstone Advisory LLC grew its holdings in Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock worth $2,258,000 after acquiring an additional 3,299 shares during the period. Peak Retirement Planning Inc. acquired a new position in Oracle in the fourth quarter valued at approximately $211,000. AFT Forsyth & Company Inc. boosted its position in Oracle by 32.7% in the 4th quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider’s stock worth $1,123,000 after purchasing an additional 1,659 shares in the last quarter. Finally, Certuity LLC grew its stake in shares of Oracle by 28.9% during the 4th quarter. Certuity LLC now owns 7,811 shares of the enterprise software provider’s stock worth $1,302,000 after purchasing an additional 1,753 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Insider Activity

In related news, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company’s stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 27,366 shares of company stock worth $4,015,723. Company insiders own 42.20% of the company’s stock.

Oracle Stock Down 0.6%

Oracle stock opened at $168.17 on Thursday. The stock’s 50 day moving average price is $145.94 and its 200 day moving average price is $160.87. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $198.31. The company has a market cap of $470.36 billion, a PE ratio of 41.12, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate of $1.49 by ($0.02). The company had revenue of $14.13 billion for the quarter, compared to analysts’ expectations of $14.40 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 6.4% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.41 earnings per share. On average, sell-side analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were issued a $0.50 dividend. The ex-dividend date of this dividend was Thursday, April 10th. This is a boost from Oracle’s previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a yield of 1.19%. Oracle’s dividend payout ratio (DPR) is 46.95%.

Analyst Upgrades and Downgrades

A number of equities research analysts recently issued reports on the stock. Piper Sandler reissued a “neutral” rating and issued a $130.00 price target (down previously from $190.00) on shares of Oracle in a research note on Wednesday, April 23rd. Evercore ISI cut their target price on shares of Oracle from $200.00 to $185.00 and set an “outperform” rating for the company in a research note on Tuesday, March 11th. Monness Crespi & Hardt raised shares of Oracle from a “sell” rating to a “neutral” rating in a research note on Monday, March 3rd. Wall Street Zen lowered Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday, February 19th. Finally, Westpark Capital initiated coverage on Oracle in a research report on Tuesday, April 1st. They issued a “buy” rating and a $195.00 target price on the stock. Fourteen research analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $174.42.

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.