Southland Equity Partners LLC Buys 184 Shares of Oracle Co. (NYSE:ORCL)

Southland Equity Partners LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 12.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 1,643 shares of the enterprise software provider’s stock after purchasing an additional 184 shares during the period. Southland Equity Partners LLC’s holdings in Oracle were worth $230,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Sunbeam Capital Management LLC purchased a new stake in Oracle during the fourth quarter valued at approximately $30,000. Hurley Capital LLC purchased a new stake in Oracle during the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC purchased a new stake in Oracle during the fourth quarter valued at approximately $34,000. Mpwm Advisory Solutions LLC purchased a new stake in Oracle during the fourth quarter valued at approximately $36,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in Oracle during the fourth quarter valued at approximately $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now directly owns 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 427,366 shares of company stock valued at $80,183,723. Company insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have weighed in on ORCL. Royal Bank of Canada upped their price target on shares of Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a research report on Thursday. CIBC reiterated a “buy” rating on shares of Oracle in a research report on Monday. Cantor Fitzgerald dropped their price target on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Oracle from $200.00 to $240.00 and gave the stock a “buy” rating in a research report on Thursday. Finally, DA Davidson upped their price target on shares of Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday. Twelve research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the company’s stock. According to MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $194.32.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $215.54 on Friday. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $216.60. The stock has a market capitalization of $602.86 billion, a P/E ratio of 52.70, a PEG ratio of 3.46 and a beta of 1.32. The firm has a fifty day simple moving average of $152.88 and a two-hundred day simple moving average of $160.62. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same period last year, the company posted $1.63 EPS. The business’s revenue was up 11.3% on a year-over-year basis. On average, analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. Oracle’s dividend payout ratio is presently 46.08%.

Oracle Company 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.