Gunderson Capital Management Inc. Takes $2.48 Million Position in Oracle Co. (NYSE:ORCL)

Gunderson Capital Management Inc. acquired a new stake in shares of Oracle Co. (NYSE:ORCL) in the second quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm acquired 20,862 shares of the enterprise software provider’s stock, valued at approximately $2,484,000. Oracle accounts for 1.6% of Gunderson Capital Management Inc.’s portfolio, making the stock its 22nd biggest position.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Atlas Wealth LLC acquired a new stake in shares of Oracle in the fourth quarter valued at $315,000. CoreCap Advisors LLC increased its position in Oracle by 22.4% in the 4th quarter. CoreCap Advisors LLC now owns 8,566 shares of the enterprise software provider’s stock valued at $700,000 after acquiring an additional 1,565 shares in the last quarter. Resources Investment Advisors LLC. raised its stake in shares of Oracle by 34.0% in the first quarter. Resources Investment Advisors LLC. now owns 18,153 shares of the enterprise software provider’s stock worth $1,687,000 after acquiring an additional 4,606 shares during the last quarter. Narus Financial Partners LLC acquired a new position in shares of Oracle during the first quarter worth approximately $327,000. Finally, Garde Capital Inc. increased its holdings in shares of Oracle by 8.2% in the first quarter. Garde Capital Inc. now owns 7,114 shares of the enterprise software provider’s stock valued at $661,000 after purchasing an additional 540 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have weighed in on ORCL shares. Citigroup boosted their price objective on Oracle from $121.00 to $138.00 and gave the stock a “neutral” rating in a report on Monday, September 11th. The Goldman Sachs Group raised shares of Oracle from a “sell” rating to a “neutral” rating and lifted their target price for the stock from $75.00 to $120.00 in a report on Tuesday, June 13th. VNET Group reissued a “maintains” rating on shares of Oracle in a research note on Tuesday, June 13th. Stifel Nicolaus lifted their price objective on Oracle from $84.00 to $120.00 in a research note on Tuesday, June 13th. Finally, UBS Group decreased their target price on Oracle from $140.00 to $135.00 and set a “buy” rating for the company in a research report on Tuesday. Twelve research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $123.06.

Oracle Stock Performance

ORCL stock traded up $0.25 during mid-day trading on Friday, hitting $113.91. 23,215,012 shares of the company were exchanged, compared to its average volume of 13,743,533. Oracle Co. has a 1-year low of $60.78 and a 1-year high of $127.54. The stock has a market capitalization of $312.09 billion, a PE ratio of 33.90, a price-to-earnings-growth ratio of 2.97 and a beta of 1.00. The business has a 50 day simple moving average of $117.29 and a 200-day simple moving average of $105.95. The company has a current ratio of 0.87, a quick ratio of 0.91 and a debt-to-equity ratio of 29.72.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Oracle had a negative return on equity of 3,631.39% and a net margin of 18.40%. The company had revenue of $12.45 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same quarter last year, the firm earned $0.81 earnings per share. The company’s revenue was up 8.8% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 4.49 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.40%. The ex-dividend date of this dividend is Wednesday, October 11th. Oracle’s dividend payout ratio (DPR) is currently 47.62%.

Insider Buying and Selling

In other news, insider Edward Screven sold 354,837 shares of the business’s stock in a transaction that occurred on Tuesday, June 20th. The shares were sold at an average price of $123.39, for a total value of $43,783,337.43. Following the completion of the transaction, the insider now directly owns 2,543,033 shares in the company, valued at approximately $313,784,841.87. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. In related news, insider Edward Screven sold 354,837 shares of the company’s stock in a transaction on Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total transaction of $43,783,337.43. Following the completion of the sale, the insider now directly owns 2,543,033 shares in the company, valued at approximately $313,784,841.87. The sale was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maria Smith sold 3,680 shares of Oracle stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $115.00, for a total value of $423,200.00. Following the completion of the transaction, the executive vice president now owns 16,600 shares in the company, valued at approximately $1,909,000. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 3,949,837 shares of company stock worth $482,142,887. Company insiders own 43.70% 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.