DGS Capital Management LLC Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

DGS Capital Management LLC increased its position in Oracle Co. (NYSE:ORCL) by 7.0% in the fourth quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 4,822 shares of the enterprise software provider’s stock after acquiring an additional 315 shares during the period. DGS Capital Management LLC’s holdings in Oracle were worth $508,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Fairfield Bush & CO. increased its stake in shares of Oracle by 3.1% in the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after purchasing an additional 2,221 shares in the last quarter. AMI Investment Management Inc. increased its stake in shares of Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after purchasing an additional 579 shares in the last quarter. Baird Financial Group Inc. increased its stake in shares of Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after purchasing an additional 132,920 shares in the last quarter. Zions Bancorporation N.A. boosted its holdings in Oracle by 79.6% in the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock worth $567,000 after buying an additional 3,038 shares during the last quarter. Finally, Covestor Ltd boosted its holdings in Oracle by 125.2% in the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock worth $165,000 after buying an additional 1,109 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL traded up $0.86 during mid-day trading on Tuesday, hitting $120.74. 1,781,704 shares of the company’s stock were exchanged, compared to its average volume of 8,596,526. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77. The firm has a market capitalization of $331.85 billion, a P/E ratio of 31.63, a P/E/G ratio of 2.34 and a beta of 1.01. The business’s 50 day moving average is $119.15 and its two-hundred day moving average is $112.63. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, topping the consensus estimate of $1.37 by $0.04. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. During the same quarter in the prior year, the firm earned $0.96 earnings per share. The business’s quarterly revenue was up 7.1% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 24th. Stockholders of record on Wednesday, April 10th will be paid a dividend of $0.40 per share. The ex-dividend date is Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.33%. Oracle’s dividend payout ratio (DPR) is 42.22%.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. 42.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

ORCL has been the topic of several research analyst reports. Erste Group Bank reiterated a “hold” rating on shares of Oracle in a report on Friday, December 22nd. BMO Capital Markets lifted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. KeyCorp initiated coverage on Oracle in a report on Thursday, March 21st. They issued an “overweight” rating and a $150.00 price objective on the stock. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, March 21st. Finally, The Goldman Sachs Group boosted their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Ten research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the stock. According to MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $130.76.

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.