2,094 Shares in Oracle Co. (NYSE:ORCL) Acquired by Juncture Wealth Strategies LLC

Juncture Wealth Strategies LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) during the second quarter, according to its most recent 13F filing with the SEC. The institutional investor purchased 2,094 shares of the enterprise software provider’s stock, valued at approximately $249,000.

A number of other large investors have also bought and sold shares of ORCL. Fairfield Bush & CO. boosted its position in Oracle by 3.1% in the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock valued at $6,105,000 after buying an additional 2,221 shares during the last quarter. AMI Investment Management Inc. boosted its position in Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after buying an additional 579 shares during the last quarter. Baird Financial Group Inc. boosted its position in Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after buying an additional 132,920 shares during the last quarter. Zions Bancorporation N.A. boosted its position in Oracle by 79.6% in the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock valued at $567,000 after buying an additional 3,038 shares during the last quarter. Finally, Covestor Ltd boosted its position in Oracle by 125.2% in the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after buying an additional 1,109 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the topic of several recent research reports. VNET Group restated a “maintains” rating on shares of Oracle in a research report on Tuesday, June 13th. HSBC assumed coverage on Oracle in a research report on Friday. They issued a “buy” rating and a $144.00 price target on the stock. Mizuho raised their price objective on Oracle from $116.00 to $150.00 in a research note on Tuesday, June 13th. BMO Capital Markets raised their price objective on Oracle from $96.00 to $132.00 in a research note on Tuesday, June 13th. Finally, Morgan Stanley raised their price objective on Oracle from $105.00 to $106.00 and gave the stock an “equal weight” rating in a research note on Tuesday, September 12th. Twelve analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $123.06.

Oracle Trading Down 1.5 %

Oracle stock opened at $112.22 on Tuesday. Oracle Co. has a 52 week low of $60.78 and a 52 week high of $127.54. The stock has a market capitalization of $307.46 billion, a P/E ratio of 33.40, a PEG ratio of 2.98 and a beta of 1.00. The stock has a 50-day simple moving average of $117.28 and a 200 day simple moving average of $106.40. The company has a debt-to-equity ratio of 29.72, a quick ratio of 0.87 and a current ratio of 0.87.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Oracle had a negative return on equity of 470.73% and a net margin of 18.40%. The company had revenue of $12.45 billion during the quarter, compared to analysts’ expectations of $12.48 billion. During the same quarter in the previous year, the company posted $0.81 earnings per share. The business’s revenue was up 8.8% on a year-over-year basis. Analysts expect that Oracle Co. will post 4.49 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed 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 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date of this dividend is Wednesday, October 11th. Oracle’s dividend payout ratio is presently 47.62%.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 1,320 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The stock was sold at an average price of $116.78, for a total transaction of $154,149.60. Following the completion of the sale, the executive vice president now owns 20,280 shares in the company, valued at $2,368,298.40. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. In other Oracle news, Director Michael J. Boskin sold 90,000 shares of the business’s stock in a transaction that occurred on Friday, June 23rd. The shares were sold at an average price of $118.83, for a total transaction of $10,694,700.00. Following the completion of the transaction, the director now directly owns 87,473 shares in the company, valued at $10,394,416.59. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, EVP Maria Smith sold 1,320 shares of the business’s stock in a transaction that occurred on Wednesday, July 5th. The shares were sold at an average price of $116.78, for a total transaction of $154,149.60. Following the transaction, the executive vice president now owns 20,280 shares of the company’s stock, valued at $2,368,298.40. The disclosure for this sale can be found here. Insiders sold a total of 1,845,000 shares of company stock worth $222,934,550 over the last quarter. Company insiders own 43.70% of the company’s stock.

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.