Wellington Shields Capital Management LLC Has $345,000 Stake in Oracle Co. (NYSE:ORCL)

Wellington Shields Capital Management LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 75.2% in the 2nd quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 2,444 shares of the enterprise software provider’s stock after acquiring an additional 1,049 shares during the quarter. Wellington Shields Capital Management LLC’s holdings in Oracle were worth $345,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in ORCL. Contour Asset Management LLC grew its holdings in Oracle by 41.5% during the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after purchasing an additional 643,490 shares during the last quarter. Hancock Whitney Corp grew its stake in Oracle by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after buying an additional 3,291 shares during the last quarter. Heritage Wealth Advisors raised its holdings in Oracle by 0.6% in the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after acquiring an additional 109 shares during the period. Seven Mile Advisory lifted its position in 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 acquiring an additional 502 shares during the last quarter. Finally, Goelzer Investment Management Inc. boosted its holdings in Oracle by 25.0% during the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after acquiring an additional 1,500 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL traded up $0.77 on Friday, hitting $143.38. The stock had a trading volume of 543,895 shares, compared to its average volume of 7,995,025. The firm’s 50 day moving average price is $138.70 and its 200-day moving average price is $128.12. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59. The company has a market capitalization of $395.14 billion, a price-to-earnings ratio of 38.44, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued 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 1.12%. Oracle’s dividend payout ratio is 43.13%.

Insider Buying and Selling at Oracle

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is currently owned by insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ORCL shares. Stifel Nicolaus lifted their price objective on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, June 12th. UBS Group upped their price target on Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Piper Sandler reissued an “overweight” rating and issued a $150.00 price objective on shares of Oracle in a research report on Friday, July 12th. KeyCorp boosted their target price on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Finally, TD Cowen increased their price target on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.83.

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.