Advance Capital Management Inc. raised its stake in shares of Oracle Co. (NYSE:ORCL – Free Report) by 7.6% during the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 15,875 shares of the enterprise software provider’s stock after purchasing an additional 1,127 shares during the quarter. Oracle comprises 0.2% of Advance Capital Management Inc.’s holdings, making the stock its 21st biggest position. Advance Capital Management Inc.’s holdings in Oracle were worth $1,891,000 as of its most recent filing with the Securities and Exchange Commission.
A number of other hedge funds have also bought and sold shares of ORCL. NewSquare Capital LLC boosted its holdings in shares of Oracle by 843.3% in the 1st quarter. NewSquare Capital LLC now owns 283 shares of the enterprise software provider’s stock valued at $26,000 after acquiring an additional 253 shares during the last quarter. Clear Investment Research LLC purchased a new stake in shares of Oracle in the 4th quarter valued at $25,000. Quintet Private Bank Europe S.A. purchased a new stake in shares of Oracle in the 1st quarter valued at $30,000. Steward Financial Group LLC purchased a new stake in shares of Oracle in the 4th quarter valued at $27,000. Finally, Altshuler Shaham Ltd purchased a new stake in shares of Oracle in the 1st quarter valued at $32,000. Institutional investors and hedge funds own 42.44% of the company’s stock.
Analysts Set New Price Targets
ORCL has been the topic of several recent research reports. Monness Crespi & Hardt downgraded shares of Oracle from a “buy” rating to a “neutral” rating in a report on Tuesday. Deutsche Bank Aktiengesellschaft increased their price target on shares of Oracle from $120.00 to $135.00 in a report on Tuesday, June 13th. Guggenheim increased their price target on shares of Oracle from $120.00 to $150.00 in a report on Tuesday, June 13th. Jefferies Financial Group increased their price target on shares of Oracle from $135.00 to $145.00 and gave the stock a “buy” rating in a report on Thursday, September 7th. Finally, Wolfe Research increased their price target on shares of Oracle from $130.00 to $140.00 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. According to MarketBeat, the company currently has a consensus rating of “Hold” and an average target price of $122.22.
In other news, insider Edward Screven sold 220,740 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The shares were sold at an average price of $126.42, for a total value of $27,905,950.80. Following the completion of the transaction, the insider now owns 2,543,033 shares of the company’s stock, valued at $321,490,231.86. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the firm’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $120.95, for a total transaction of $211,662,500.00. Following the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $138,576,328,095.35. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, insider Edward Screven sold 220,740 shares of the firm’s stock in a transaction that occurred on Friday, June 16th. The stock was sold at an average price of $126.42, for a total transaction of $27,905,950.80. Following the sale, the insider now directly owns 2,543,033 shares in the company, valued at approximately $321,490,231.86. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,170,577 shares of company stock valued at $510,048,838. 43.70% of the stock is currently owned by company insiders.
Oracle Price Performance
Oracle stock opened at $111.84 on Thursday. Oracle Co. has a 12-month low of $60.78 and a 12-month high of $127.54. The stock has a market cap of $303.56 billion, a P/E ratio of 36.55, a PEG ratio of 3.48 and a beta of 1.00. The company has a 50-day moving average price of $117.41 and a 200 day moving average price of $105.85. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 55.54.
Oracle (NYSE:ORCL – Get Free Report) last announced its earnings results on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, topping the consensus estimate of $1.15 by $0.04. The company had revenue of $12.45 billion during the quarter, compared to analyst estimates of $12.48 billion. Oracle had a net margin of 17.02% and a negative return on equity of 470.73%. Oracle’s revenue was up 8.8% compared to the same quarter last year. During the same quarter last year, the firm posted $0.81 earnings per share. Sell-side analysts anticipate that Oracle Co. will post 4.5 earnings per share for the current year.
Oracle Dividend Announcement
The business also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th will be paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, October 11th. Oracle’s dividend payout ratio (DPR) is presently 52.29%.
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.
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