Carter Financial Group INC. Buys Shares of 5,284 Oracle Corporation $ORCL

Carter Financial Group INC. bought a new position in Oracle Corporation (NYSE:ORCL) in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,284 shares of the enterprise software provider’s stock, valued at approximately $1,155,000.

Other hedge funds also recently made changes to their positions in the company. Winnow Wealth LLC acquired a new stake in Oracle in the second quarter valued at approximately $28,000. Kilter Group LLC bought a new stake in Oracle during the 2nd quarter worth $30,000. LGT Financial Advisors LLC bought a new stake in Oracle during the 2nd quarter worth $33,000. Legend Financial Advisors Inc. bought a new stake in Oracle during the 2nd quarter worth $34,000. Finally, HighMark Wealth Management LLC acquired a new position in Oracle in the 2nd quarter worth about $38,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Ratings Changes

A number of brokerages have recently commented on ORCL. Mizuho lifted their price target on Oracle from $300.00 to $350.00 and gave the company an “outperform” rating in a research note on Wednesday, September 10th. Rothschild & Co Redburn started coverage on shares of Oracle in a research report on Thursday, September 25th. They set a “sell” rating and a $175.00 target price on the stock. Redburn Partners set a $175.00 target price on shares of Oracle in a report on Thursday, September 25th. Rothschild Redb upgraded shares of Oracle to a “strong sell” rating in a research report on Thursday, September 25th. Finally, UBS Group set a $325.00 target price on Oracle in a report on Thursday. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have given a Buy rating, twelve have assigned a Hold rating and two have assigned a Sell rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $301.57.

Oracle Stock Down 4.6%

Shares of NYSE:ORCL opened at $189.64 on Monday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.91. The business’s 50-day moving average is $245.58 and its 200-day moving average is $241.93. The company has a market capitalization of $544.86 billion, a price-to-earnings ratio of 35.65, a P/E/G ratio of 1.82 and a beta of 1.66.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share for the quarter, topping analysts’ consensus estimates of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The business had revenue of $16.06 billion during the quarter, compared to the consensus estimate of $16.19 billion. During the same period in the previous year, the company posted $1.47 earnings per share. The firm’s revenue for the quarter was up 14.2% on a year-over-year basis. Equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Investors of record on Friday, January 9th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.1%. The ex-dividend date is Friday, January 9th. Oracle’s payout ratio is presently 37.59%.

Insider Buying and Selling at Oracle

In other news, insider Michael D. Sicilia sold 33,845 shares of the stock in a transaction dated Tuesday, September 23rd. The shares were sold at an average price of $321.16, for a total transaction of $10,869,660.20. Following the transaction, the insider owned 132,656 shares of the company’s stock, valued at $42,603,800.96. This represents a 20.33% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Berg sold 49,365 shares of the firm’s stock in a transaction dated Tuesday, October 28th. The shares were sold at an average price of $283.02, for a total value of $13,971,282.30. Following the completion of the sale, the director owned 151,999 shares of the company’s stock, valued at approximately $43,018,756.98. This represents a 24.52% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. Insiders sold 171,513 shares of company stock valued at $50,397,893 over the last 90 days. Insiders own 40.90% of the company’s stock.

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.