Sand Hill Global Advisors LLC Has $732,000 Stock Position in Oracle Co. (NYSE:ORCL)

Sand Hill Global Advisors LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 21.4% in the fourth quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 6,948 shares of the enterprise software provider’s stock after purchasing an additional 1,226 shares during the quarter. Sand Hill Global Advisors LLC’s holdings in Oracle were worth $732,000 at the end of the most recent quarter.

A number of other hedge funds have also made changes to their positions in the company. Sandy Spring Bank raised its stake in shares of Oracle by 1.4% in the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after acquiring an additional 1,107 shares during the last quarter. LVM Capital Management Ltd. MI grew 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 buying an additional 200 shares during the period. Seven Mile Advisory grew its position in shares of Oracle by 10.6% during the 4th quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock worth $552,000 after buying an additional 502 shares during the period. Cooper Financial Group grew its position in shares of Oracle by 43.4% during the 4th quarter. Cooper Financial Group now owns 5,038 shares of the enterprise software provider’s stock worth $531,000 after buying an additional 1,525 shares during the period. Finally, Cerity Partners LLC grew its position in shares of Oracle by 208.2% during the 4th quarter. Cerity Partners LLC now owns 885,056 shares of the enterprise software provider’s stock worth $93,311,000 after buying an additional 597,846 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of a number of analyst reports. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. KeyCorp initiated coverage on shares of Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. BMO Capital Markets upped their price target on shares of Oracle from $126.00 to $142.00 and gave the company a “market perform” rating in a report on Tuesday, March 12th. Finally, HSBC upped their price target on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $130.76.

Insiders Place Their Bets

In other news, Director George H. Conrades sold 20,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other news, Director George H. Conrades sold 20,000 shares of the stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the transaction, the director now directly owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock worth $110,488,150 over the last ninety days. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock traded down $0.02 on Wednesday, hitting $124.61. The company’s stock had a trading volume of 5,702,393 shares, compared to its average volume of 8,028,616. 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 stock’s 50 day moving average is $121.42 and its 200-day moving average is $114.76. Oracle Co. has a fifty-two week low of $97.29 and a fifty-two week high of $132.77. The company has a market capitalization of $342.49 billion, a PE ratio of 32.75, a PEG ratio of 2.50 and a beta of 1.03.

Oracle (NYSE:ORCL) last released its quarterly earnings results 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. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The business had revenue of $13.28 billion for the quarter, compared to the consensus estimate of $13.29 billion. During the same period in the prior year, the company posted $0.96 earnings per share. Oracle’s revenue was up 7.1% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 4.44 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were paid a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.28%. Oracle’s payout ratio is 42.22%.

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.