Strategic Advisors LLC Acquires 96 Shares of Oracle Co. (NYSE:ORCL)

Strategic Advisors LLC grew its position in Oracle Co. (NYSE:ORCL) by 2.0% during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 4,851 shares of the enterprise software provider’s stock after purchasing an additional 96 shares during the period. Strategic Advisors LLC’s holdings in Oracle were worth $678,000 at the end of the most recent quarter.

Several other large investors have also recently bought and sold shares of ORCL. Capital & Planning LLC grew its holdings in Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock valued at $2,621,000 after buying an additional 81 shares in the last quarter. Brighton Jones LLC grew its holdings in shares of Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Union Bancaire Privee UBP SA acquired a new stake in Oracle in the fourth quarter valued at about $51,084,000. Revolve Wealth Partners LLC boosted its stake in Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock valued at $903,000 after buying an additional 404 shares in the last quarter. Finally, Congress Asset Management Co. boosted its stake in Oracle by 2.5% in the fourth quarter. Congress Asset Management Co. now owns 110,095 shares of the enterprise software provider’s stock valued at $18,346,000 after buying an additional 2,654 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

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

Oracle Price Performance

Shares of NYSE:ORCL opened at $210.94 on Tuesday. 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 Co. has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. The firm has a 50-day simple moving average of $154.61 and a 200 day simple moving average of $160.49. The company has a market cap of $589.98 billion, a PE ratio of 51.57, a P/E/G ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The business 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%. The business’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 earnings per share. On average, sell-side analysts anticipate that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Wall Street Analyst Weigh In

Several analysts recently weighed in on the company. Loop Capital set a $135.00 price objective on Oracle in a research note on Tuesday, June 10th. Evercore ISI reaffirmed an “outperform” rating and issued a $215.00 price objective (up from $180.00) on shares of Oracle in a research note on Thursday, June 12th. BMO Capital Markets upgraded Oracle from a “market perform” rating to an “outperform” rating and increased their target price for the company from $200.00 to $235.00 in a research report on Friday. Piper Sandler restated a “neutral” rating and set a $130.00 price objective on shares of Oracle in a research report on Wednesday, June 11th. Finally, Stifel Nicolaus lifted their target price on Oracle from $150.00 to $180.00 and gave the stock a “hold” rating in a report on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and an average price target of $194.32.

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.