Wellington Shields Capital Management LLC Has $175,000 Position in Oracle Co. (NYSE:ORCL)

Wellington Shields Capital Management LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 7.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 1,395 shares of the enterprise software provider’s stock after purchasing an additional 100 shares during the period. Wellington Shields Capital Management LLC’s holdings in Oracle were worth $175,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors have also modified their holdings of the company. Norges Bank acquired a new stake in Oracle during the 4th quarter worth $1,210,181,000. Wellington Management Group LLP grew its holdings in Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after acquiring an additional 8,084,067 shares during the period. Vanguard Group Inc. grew its holdings in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares during the period. Boston Partners grew its holdings in Oracle by 382.4% during the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after acquiring an additional 3,617,413 shares during the period. Finally, Capital World Investors grew its holdings in Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after acquiring an additional 3,323,334 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated 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 in the company, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the SEC, which can be accessed through this link. In other Oracle news, Director George H. Conrades sold 20,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders have sold 385,639 shares of company stock worth $53,002,729 in the last ninety days. Insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have commented on the stock. Mizuho lifted their target price on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Piper Sandler boosted their price target on shares of Oracle from $140.00 to $150.00 and gave the company an “overweight” rating in a report on Wednesday, June 12th. JMP Securities reissued a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. KeyCorp boosted their price target on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, June 12th. Finally, Stifel Nicolaus boosted their price target on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average target price of $145.83.

Oracle Stock Up 1.0 %

NYSE:ORCL traded up $1.39 on Wednesday, hitting $142.07. 2,916,329 shares of the company’s stock were exchanged, compared to its average volume of 8,618,366. The firm has a 50-day moving average price of $129.20 and a 200-day moving average price of $120.12. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.79. The company has a market cap of $391.53 billion, a P/E ratio of 38.17, a price-to-earnings-growth ratio of 2.63 and a beta of 1.02.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 earnings per share. As a group, analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

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

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.