10,126 Shares in Oracle Co. (NYSE:ORCL) Acquired by Krilogy Financial LLC

Krilogy Financial LLC acquired a new position in Oracle Co. (NYSE:ORCL) during the 1st quarter, HoldingsChannel reports. The fund acquired 10,126 shares of the enterprise software provider’s stock, valued at approximately $1,416,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. Norges Bank acquired a new stake in shares of Oracle during the 4th quarter worth about $2,216,314,000. Raymond James Financial Inc. acquired a new position in Oracle during the fourth quarter worth approximately $930,095,000. GAMMA Investing LLC increased its position in Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock worth $664,810,000 after buying an additional 4,723,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its position in Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock worth $2,303,858,000 after buying an additional 2,350,448 shares during the period. Finally, Vanguard Group Inc. increased its holdings in shares of Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of analysts recently weighed in on the company. BMO Capital Markets upgraded Oracle from a “market perform” rating to an “outperform” rating and lifted their price target for the company from $200.00 to $235.00 in a research note on Friday. Royal Bank of Canada upped their price target on Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a research note on Thursday. The Goldman Sachs Group increased their price target on Oracle from $145.00 to $195.00 and gave the company a “neutral” rating in a report on Friday. Barclays increased their price target on Oracle from $202.00 to $221.00 and gave the stock an “overweight” rating in a research report on Friday. Finally, Morgan Stanley restated a “positive” rating on shares of Oracle in a research report on Monday, June 9th. Twelve research analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $194.32.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider now owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. 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. Insiders own 42.20% of the company’s stock.

Oracle Price Performance

Oracle stock 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 company’s 50 day moving average price is $152.88 and its two-hundred day moving average price is $160.46. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $602.86 billion, a P/E ratio of 52.70, a P/E/G ratio of 3.46 and a beta of 1.32.

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

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given 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 (DPR) is currently 46.08%.

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.