Chicago Capital LLC Buys 4,239 Shares of Oracle Co. (NYSE:ORCL)

Chicago Capital LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 10.9% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 43,107 shares of the enterprise software provider’s stock after buying an additional 4,239 shares during the quarter. Chicago Capital LLC’s holdings in Oracle were worth $6,087,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Norges Bank purchased a new stake in Oracle in the fourth quarter worth about $1,210,181,000. Janus Henderson Group PLC lifted its holdings in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after purchasing an additional 7,699,141 shares during the last quarter. Boston Partners lifted its holdings in shares of Oracle by 382.4% during the fourth quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after purchasing an additional 3,617,413 shares during the last quarter. Capital World Investors lifted its holdings in shares of Oracle by 22.1% during the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after purchasing an additional 3,323,334 shares during the last quarter. Finally, PineStone Asset Management Inc. lifted its holdings in shares of Oracle by 131.2% during the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after purchasing an additional 2,219,450 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research firms have recently issued reports on ORCL. DA Davidson reiterated a “neutral” rating and set a $105.00 target price on shares of Oracle in a report on Wednesday, June 12th. Argus boosted their price objective on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. TD Cowen boosted their price objective on shares of Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Morgan Stanley restated an “equal weight” rating and issued a $125.00 price objective on shares of Oracle in a report on Tuesday, June 25th. Finally, Sanford C. Bernstein boosted their price objective on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $145.83.

Oracle Trading Down 0.6 %

ORCL stock traded down $0.80 during mid-day trading on Friday, reaching $141.81. The company had a trading volume of 11,154,796 shares, compared to its average volume of 8,056,655. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The company has a market capitalization of $390.81 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01. The firm has a 50 day moving average of $138.72 and a 200 day moving average of $128.33. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $146.59.

Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the company earned $1.35 earnings per share. Oracle’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts predict that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Oracle’s payout ratio is 43.13%.

Insider Activity at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a filing with the SEC, which is available at this link. Also, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction 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 completion of the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock valued at $266,776,624 over the last 90 days. Insiders own 42.80% of the company’s stock.

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.