Oracle Co. (NYSE:ORCL) Shares Acquired by Abner Herrman & Brock LLC

Abner Herrman & Brock LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 1,507.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 169,247 shares of the enterprise software provider’s stock after acquiring an additional 158,715 shares during the quarter. Oracle makes up approximately 3.0% of Abner Herrman & Brock LLC’s holdings, making the stock its 11th biggest holding. Abner Herrman & Brock LLC’s holdings in Oracle were worth $20,156,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors have also recently bought and sold shares of the company. BlackRock Inc. boosted its stake in Oracle by 1.4% during the 1st quarter. BlackRock Inc. now owns 117,130,967 shares of the enterprise software provider’s stock valued at $10,883,809,000 after purchasing an additional 1,618,027 shares during the period. State Street Corp grew its holdings in Oracle by 2.6% in the 1st quarter. State Street Corp now owns 62,586,810 shares of the enterprise software provider’s stock worth $5,815,566,000 after buying an additional 1,570,528 shares in the last quarter. Geode Capital Management LLC increased its position in Oracle by 0.5% in the 1st quarter. Geode Capital Management LLC now owns 27,753,778 shares of the enterprise software provider’s stock valued at $2,572,592,000 after acquiring an additional 136,383 shares during the period. FMR LLC boosted its position in Oracle by 12.2% during the 1st quarter. FMR LLC now owns 24,369,890 shares of the enterprise software provider’s stock worth $2,264,450,000 after acquiring an additional 2,644,377 shares during the period. Finally, Morgan Stanley grew its stake in shares of Oracle by 9.6% in the fourth quarter. Morgan Stanley now owns 20,502,544 shares of the enterprise software provider’s stock worth $1,675,878,000 after purchasing an additional 1,794,080 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ORCL shares. Bank of America upped their price objective on shares of Oracle from $112.00 to $132.00 in a report on Tuesday, June 13th. StockNews.com began coverage on shares of Oracle in a report on Thursday, August 17th. They issued a “hold” rating for the company. DA Davidson lowered their price objective on shares of Oracle from $115.00 to $104.00 and set a “neutral” rating on the stock in a research note on Tuesday. UBS Group dropped their target price on Oracle from $140.00 to $135.00 and set a “buy” rating on the stock in a report on Tuesday. Finally, The Goldman Sachs Group raised Oracle from a “sell” rating to a “neutral” rating and boosted their target price for the stock from $75.00 to $120.00 in a report on Tuesday, June 13th. Thirteen equities research analysts have rated the stock with a hold rating and twelve have given a buy rating to the company’s stock. According to data from MarketBeat, Oracle presently has an average rating of “Hold” and an average target price of $122.22.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 3,680 shares of the company’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $115.00, for a total value of $423,200.00. Following the transaction, the executive vice president now directly owns 16,600 shares of the company’s stock, valued at approximately $1,909,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other Oracle news, EVP Maria Smith sold 3,680 shares of the company’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $115.00, for a total value of $423,200.00. Following the transaction, the executive vice president now directly owns 16,600 shares of the company’s stock, valued at approximately $1,909,000. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the company’s stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total value of $211,662,500.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at $138,576,328,095.35. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 4,170,577 shares of company stock valued at $510,048,838. Company insiders own 43.70% of the company’s stock.

Oracle Stock Up 1.8 %

NYSE:ORCL traded up $2.06 during trading hours on Thursday, hitting $113.90. 7,003,995 shares of the company’s stock traded hands, compared to its average volume of 8,986,529. The firm has a market cap of $309.15 billion, a P/E ratio of 36.55, a P/E/G ratio of 3.48 and a beta of 1.00. Oracle Co. has a twelve month low of $60.78 and a twelve month high of $127.54. The company has a debt-to-equity ratio of 55.54, a quick ratio of 0.91 and a current ratio of 0.91. The stock’s fifty day moving average price is $117.41 and its two-hundred day moving average price is $105.85.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, beating the consensus estimate of $1.15 by $0.04. The firm had revenue of $12.45 billion for the quarter, compared to analyst estimates of $12.48 billion. Oracle had a negative return on equity of 470.73% and a net margin of 17.02%. Oracle’s quarterly revenue was up 8.8% on a year-over-year basis. During the same period in the previous year, the firm earned $0.81 earnings per share. On average, research analysts expect that Oracle Co. will post 4.5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 12th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.40%. The ex-dividend date of this dividend is Wednesday, October 11th. Oracle’s payout ratio is 52.29%.

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.