Summit Global Investments Has $616,000 Position in Oracle Co. (NYSE:ORCL)

Summit Global Investments lessened its holdings in Oracle Co. (NYSE:ORCL) by 16.4% in the 4th quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 5,839 shares of the enterprise software provider’s stock after selling 1,144 shares during the period. Summit Global Investments’ holdings in Oracle were worth $616,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Sandy Spring Bank grew its position in Oracle by 1.4% in the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock valued at $8,229,000 after acquiring an additional 1,107 shares during the period. LVM Capital Management Ltd. MI increased its position in shares of Oracle by 3.5% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after purchasing an additional 200 shares in the last quarter. Quantum Private Wealth LLC bought a new position in Oracle during the 3rd quarter valued at about $229,000. Cooper Financial Group boosted its position in Oracle by 43.4% in the fourth quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock valued at $531,000 after buying an additional 1,525 shares in the last quarter. Finally, Mendota Financial Group LLC bought a new stake in Oracle during the fourth quarter worth about $171,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. 42.80% of the stock is owned by insiders.

Oracle Price Performance

Shares of ORCL opened at $115.80 on Friday. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The firm has a market capitalization of $318.28 billion, a PE ratio of 30.55, a P/E/G ratio of 2.32 and a beta of 1.03. The stock has a 50 day simple moving average of $119.91 and a 200 day simple moving average of $113.32. Oracle Co. has a 52-week low of $94.41 and a 52-week high of $132.77.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating the consensus estimate of $1.37 by $0.04. The business had revenue of $13.28 billion for the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The firm’s revenue was up 7.1% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.96 EPS. Sell-side analysts predict that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.38%. Oracle’s payout ratio is presently 42.22%.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on the company. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. HSBC increased their target price on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Wednesday. BMO Capital Markets raised their price objective on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a research report on Tuesday, March 12th. Finally, The Goldman Sachs Group upped their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Eleven investment analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $130.76.

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.