Carter Financial Group INC. Purchases Shares of 5,284 Oracle Corporation $ORCL

Carter Financial Group INC. acquired a new position in shares of Oracle Corporation (NYSE:ORCL) during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor acquired 5,284 shares of the enterprise software provider’s stock, valued at approximately $1,155,000.

A number of other hedge funds have also recently made changes to their positions in ORCL. Winnow Wealth LLC bought a new position in Oracle in the 2nd quarter valued at about $28,000. Kilter Group LLC purchased a new stake in shares of Oracle in the second quarter worth approximately $30,000. LGT Financial Advisors LLC bought a new position in shares of Oracle in the second quarter valued at approximately $33,000. Legend Financial Advisors Inc. purchased a new position in shares of Oracle during the second quarter valued at approximately $34,000. Finally, HighMark Wealth Management LLC bought a new stake in Oracle during the second quarter worth $38,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent analyst reports. TD Cowen dropped their price objective on Oracle from $400.00 to $350.00 and set a “buy” rating on the stock in a research note on Thursday. KeyCorp dropped their price target on shares of Oracle from $350.00 to $300.00 and set an “overweight” rating on the stock in a research report on Thursday. Mizuho boosted their price target on shares of Oracle from $300.00 to $350.00 and gave the stock an “outperform” rating in a report on Wednesday, September 10th. Bank of America decreased their price objective on shares of Oracle from $368.00 to $300.00 and set a “buy” rating for the company in a research note on Thursday. Finally, Wolfe Research lifted their target price on shares of Oracle from $300.00 to $400.00 and gave the stock an “outperform” rating in a research report on Wednesday, September 10th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have issued a Hold rating and two have given a Sell rating to the company. According to MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $301.57.

Insider Activity

In other Oracle news, EVP Maria Smith sold 5,000 shares of the company’s stock in a transaction dated Thursday, October 23rd. The shares were sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the sale, the executive vice president directly owned 47,083 shares of the company’s stock, valued at $13,212,431.46. This represents a 9.60% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Jeffrey Berg sold 49,365 shares of Oracle stock in a transaction dated Tuesday, October 28th. The stock was sold at an average price of $283.02, for a total transaction of $13,971,282.30. Following the completion of the transaction, the director owned 151,999 shares of the company’s stock, valued at $43,018,756.98. The trade was a 24.52% decrease in their position. Additional details regarding this sale are available in the official SEC disclosure. Over the last three months, insiders have sold 171,513 shares of company stock worth $50,397,893. 40.90% of the stock is owned by company insiders.

Oracle Stock Down 4.6%

ORCL opened at $189.64 on Monday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company’s 50-day moving average price is $245.58 and its two-hundred day moving average price is $241.93. The stock has a market cap of $544.86 billion, a price-to-earnings ratio of 35.65, a PEG ratio of 1.82 and a beta of 1.66. The company has a quick ratio of 0.91, a current ratio of 0.91 and a debt-to-equity ratio of 3.28.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The company had revenue of $16.06 billion during the quarter, compared to analyst estimates of $16.19 billion. During the same quarter last year, the business posted $1.47 EPS. Oracle’s quarterly revenue was up 14.2% compared to the same quarter last year. As a group, equities analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be paid a $0.50 dividend. The ex-dividend date is Friday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. Oracle’s payout ratio is presently 37.59%.

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.