Congress Park Capital LLC Lowers Holdings in Oracle Co. (NYSE:ORCL)

Congress Park Capital LLC decreased its holdings in Oracle Co. (NYSE:ORCL) by 10.8% in the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 16,121 shares of the enterprise software provider’s stock after selling 1,953 shares during the quarter. Congress Park Capital LLC’s holdings in Oracle were worth $2,025,000 at the end of the most recent quarter.

A number of other hedge funds have also bought and sold shares of the business. Orion Capital Management LLC bought a new position in shares of Oracle during the 3rd quarter valued at approximately $25,000. Westend Capital Management LLC bought a new position in Oracle in the 1st quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new position in Oracle in the 3rd quarter worth approximately $27,000. Tidemark LLC bought a new position in Oracle in the 4th quarter worth approximately $29,000. Finally, Nordwand Advisors LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

NYSE:ORCL traded up $2.28 during midday trading on Friday, hitting $142.46. 4,004,036 shares of the stock were exchanged, compared to its average volume of 8,547,720. Oracle Co. has a one year low of $99.26 and a one year high of $145.32. The company has a market capitalization of $392.60 billion, a price-to-earnings ratio of 38.47, a P/E/G ratio of 2.51 and a beta of 1.01. The business has a 50-day moving average price of $124.23 and a two-hundred day moving average price of $117.62. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same quarter in the previous year, the firm posted $1.35 earnings per share. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. Sell-side analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.12%. The ex-dividend date is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analyst Weigh In

Several equities analysts have commented on ORCL shares. HSBC upped their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. BMO Capital Markets upped their target price on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a report on Monday, June 17th. Argus raised their price objective on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Stifel Nicolaus raised their price objective on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Finally, StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $145.83.

Insider Transactions at Oracle

In related news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction that occurred on 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 in the company, valued at approximately $2,068,976. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction on 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 sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. Insiders have sold 385,639 shares of company stock valued at $53,002,729 in the last three months. 42.80% of the stock is owned by corporate insiders.

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.