Oracle Co. (NYSE:ORCL) Shares Purchased by Arbor Trust Wealth Advisors LLC

Arbor Trust Wealth Advisors LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCLGet Rating) by 10.2% during the 2nd quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 19,145 shares of the enterprise software provider’s stock after purchasing an additional 1,770 shares during the quarter. Arbor Trust Wealth Advisors LLC’s holdings in Oracle were worth $1,338,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Perfromance Wealth Partners LLC increased its holdings in shares of Oracle by 3.4% in the 2nd quarter. Perfromance Wealth Partners LLC now owns 4,591 shares of the enterprise software provider’s stock valued at $321,000 after acquiring an additional 150 shares during the last quarter. Capital Advisors Inc. OK boosted its position in Oracle by 1.7% during the 2nd quarter. Capital Advisors Inc. OK now owns 11,633 shares of the enterprise software provider’s stock valued at $813,000 after purchasing an additional 200 shares during the period. Wolff Wiese Magana LLC boosted its position in Oracle by 29.0% during the 2nd quarter. Wolff Wiese Magana LLC now owns 2,829 shares of the enterprise software provider’s stock valued at $198,000 after purchasing an additional 636 shares during the period. McKinley Carter Wealth Services Inc. boosted its position in Oracle by 12.1% during the 2nd quarter. McKinley Carter Wealth Services Inc. now owns 13,272 shares of the enterprise software provider’s stock valued at $927,000 after purchasing an additional 1,436 shares during the period. Finally, Joel Isaacson & Co. LLC boosted its position in Oracle by 2.2% during the 2nd quarter. Joel Isaacson & Co. LLC now owns 9,889 shares of the enterprise software provider’s stock valued at $691,000 after purchasing an additional 214 shares during the period. 41.92% of the stock is currently owned by hedge funds and other institutional investors.

Analysts Set New Price Targets

A number of brokerages have issued reports on ORCL. UBS Group set a $75.00 price target on Oracle in a research report on Tuesday, September 13th. Cowen cut their price objective on Oracle from $107.00 to $98.00 in a report on Thursday, June 9th. The Goldman Sachs Group restated a “sell” rating and issued a $75.00 price objective on shares of Oracle in a report on Monday, June 27th. BNP Paribas raised Oracle from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Wednesday, June 29th. Finally, Deutsche Bank Aktiengesellschaft set a $110.00 target price on Oracle in a research report on Monday, June 20th. One equities research analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company’s stock. Based on data from MarketBeat, the company presently has an average rating of “Hold” and an average target price of $88.67.

Insider Buying and Selling at Oracle

In other news, insider Edward Screven sold 419,174 shares of the stock in a transaction dated Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the transaction, the insider now owns 2,492,613 shares of the company’s stock, valued at approximately $172,538,671.86. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Insiders own 39.10% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock traded down $1.47 during trading on Friday, hitting $64.56. The company had a trading volume of 632,089 shares, compared to its average volume of 9,975,058. Oracle Co. has a one year low of $63.76 and a one year high of $106.34. The firm has a market capitalization of $174.03 billion, a P/E ratio of 30.63, a price-to-earnings-growth ratio of 2.02 and a beta of 0.87. The stock’s 50-day moving average price is $74.89 and its 200 day moving average price is $74.58.

Oracle (NYSE:ORCLGet Rating) last announced its quarterly earnings results on Monday, September 12th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.07). The company had revenue of $11.45 billion for the quarter, compared to analyst estimates of $11.44 billion. Oracle had a negative return on equity of 161.07% and a net margin of 13.15%. The firm’s quarterly revenue was up 17.7% on a year-over-year basis. During the same quarter last year, the company posted $0.87 earnings per share. On average, research analysts anticipate that Oracle Co. will post 4.13 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Wednesday, October 12th will be given a dividend of $0.32 per share. The ex-dividend date is Tuesday, October 11th. This represents a $1.28 dividend on an annualized basis and a yield of 1.98%. Oracle’s dividend payout ratio (DPR) is currently 60.95%.

Oracle Company Profile

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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