Cornerstone Wealth Management LLC Grows Stake in Oracle Co. (NYSE:ORCL)

Cornerstone Wealth Management LLC boosted its position in Oracle Co. (NYSE:ORCL) by 13.3% in the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 8,485 shares of the enterprise software provider’s stock after purchasing an additional 998 shares during the period. Cornerstone Wealth Management LLC’s holdings in Oracle were worth $1,414,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Fred Alger Management LLC grew its holdings in Oracle by 5.4% during the 2nd quarter. Fred Alger Management LLC now owns 26,970 shares of the enterprise software provider’s stock valued at $3,808,000 after buying an additional 1,388 shares during the last quarter. Delta Investment Management LLC acquired a new stake in Oracle during the 2nd quarter valued at $243,000. Dark Forest Capital Management LP acquired a new stake in Oracle during the 2nd quarter valued at $856,000. MBB Public Markets I LLC grew its holdings in Oracle by 1,903.0% during the 2nd quarter. MBB Public Markets I LLC now owns 149,244 shares of the enterprise software provider’s stock valued at $21,073,000 after buying an additional 141,793 shares during the last quarter. Finally, Maverick Capital Ltd. grew its holdings in Oracle by 37.5% during the 2nd quarter. Maverick Capital Ltd. now owns 17,122 shares of the enterprise software provider’s stock valued at $2,418,000 after buying an additional 4,668 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of analyst reports. Jefferies Financial Group increased their target price on Oracle from $190.00 to $220.00 and gave the company a “buy” rating in a report on Thursday, December 5th. Guggenheim raised their price objective on Oracle from $200.00 to $220.00 and gave the stock a “buy” rating in a report on Thursday, December 5th. Monness Crespi & Hardt cut Oracle from a “neutral” rating to a “sell” rating and set a $130.00 price objective on the stock. in a report on Friday, December 20th. Cantor Fitzgerald started coverage on Oracle in a report on Friday, January 17th. They set an “overweight” rating and a $214.00 price objective on the stock. Finally, KeyCorp raised their price objective on Oracle from $190.00 to $200.00 and gave the stock an “overweight” rating in a report on Friday, November 15th. One research analyst has rated the stock with a sell rating, eleven have assigned a hold rating, seventeen have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and a consensus price target of $182.73.

Insider Buying and Selling

In related news, CEO Safra Catz sold 345,174 shares of Oracle stock in a transaction dated Friday, January 24th. The stock was sold at an average price of $185.56, for a total value of $64,050,487.44. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at approximately $207,565,931.52. This trade represents a 23.58 % decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Insiders own 42.20% of the company’s stock.

Oracle Stock Down 1.5 %

Shares of NYSE ORCL opened at $183.59 on Friday. Oracle Co. has a 1 year low of $106.51 and a 1 year high of $198.31. The firm has a market cap of $513.50 billion, a price-to-earnings ratio of 44.89, a PEG ratio of 3.62 and a beta of 1.06. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The stock’s 50-day simple moving average is $174.41 and its 200-day simple moving average is $162.22.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, December 9th. The enterprise software provider reported $1.47 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.48 by ($0.01). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business had revenue of $14.06 billion for the quarter, compared to analysts’ expectations of $14.12 billion. During the same period in the previous year, the firm posted $1.34 earnings per share. The firm’s revenue was up 8.6% compared to the same quarter last year. As a group, equities analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, January 9th. Investors of record on Thursday, January 23rd were paid a $0.40 dividend. The ex-dividend date was Friday, January 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.87%. Oracle’s dividend payout ratio (DPR) is 39.12%.

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.