Apollon Wealth Management LLC Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

Apollon Wealth Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 108.8% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 62,733 shares of the enterprise software provider’s stock after acquiring an additional 32,684 shares during the period. Apollon Wealth Management LLC’s holdings in Oracle were worth $6,614,000 as of its most recent SEC filing.

Other hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC bought a new position in Oracle in the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE grew its position in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock valued at $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management purchased a new stake in Oracle during the third quarter worth about $27,000. Cornerstone Planning Group LLC raised its position in Oracle by 1,268.0% in the third quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock worth $36,000 after acquiring an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. boosted its stake in Oracle by 139.4% in the fourth quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after acquiring an additional 216 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 2.2 %

NYSE:ORCL traded up $2.54 during mid-day trading on Monday, reaching $118.34. 5,301,334 shares of the company’s stock traded hands, compared to its average volume of 8,261,409. Oracle Co. has a 12-month low of $96.10 and a 12-month high of $132.77. The company has a debt-to-equity ratio of 13.34, a current ratio of 0.85 and a quick ratio of 0.85. The company has a 50 day moving average price of $120.06 and a 200-day moving average price of $113.46. The firm has a market capitalization of $325.26 billion, a price-to-earnings ratio of 31.22, a PEG ratio of 2.32 and a beta of 1.03.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 EPS for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. On average, sell-side analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were issued 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 dividend yield of 1.35%. Oracle’s dividend payout ratio (DPR) is 42.22%.

Analyst Ratings Changes

A number of research firms recently commented on ORCL. Oppenheimer started coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. HSBC increased their price target on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. Finally, KeyCorp started coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 target price for the company. Eleven research analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $130.76.

Insider Transactions at Oracle

In other Oracle news, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction 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 sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the firm’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 transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. In the last quarter, insiders sold 835,000 shares of company stock valued at $105,189,850. Corporate 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.