AE Wealth Management LLC Acquires 4,617 Shares of Oracle Co. (NYSE:ORCL)

AE Wealth Management LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 3.6% in the second quarter, according to the company in its most recent filing with the SEC. The fund owned 131,802 shares of the enterprise software provider’s stock after acquiring an additional 4,617 shares during the quarter. AE Wealth Management LLC’s holdings in Oracle were worth $15,696,000 at the end of the most recent quarter.

A number of other hedge funds have also recently made changes to their positions in ORCL. Carolinas Wealth Consulting LLC boosted its position in Oracle by 0.7% in the 1st quarter. Carolinas Wealth Consulting LLC now owns 14,912 shares of the enterprise software provider’s stock worth $104,000 after purchasing an additional 102 shares in the last quarter. Princeton Global Asset Management LLC lifted its position in shares of Oracle by 0.7% during the 1st quarter. Princeton Global Asset Management LLC now owns 16,171 shares of the enterprise software provider’s stock valued at $1,503,000 after buying an additional 106 shares in the last quarter. McAdam LLC lifted its position in shares of Oracle by 1.9% during the 1st quarter. McAdam LLC now owns 5,821 shares of the enterprise software provider’s stock valued at $541,000 after buying an additional 107 shares in the last quarter. Pinnacle Wealth Management Advisory Group LLC lifted its position in shares of Oracle by 1.0% during the 1st quarter. Pinnacle Wealth Management Advisory Group LLC now owns 10,931 shares of the enterprise software provider’s stock valued at $1,016,000 after buying an additional 109 shares in the last quarter. Finally, Sentinus LLC lifted its position in shares of Oracle by 3.7% during the 1st quarter. Sentinus LLC now owns 3,138 shares of the enterprise software provider’s stock valued at $292,000 after buying an additional 111 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 0.2 %

Shares of NYSE:ORCL opened at $113.91 on Friday. The business has a 50-day moving average price of $117.28 and a 200 day moving average price of $106.26. The company has a current ratio of 0.87, a quick ratio of 0.91 and a debt-to-equity ratio of 29.72. The company has a market capitalization of $312.09 billion, a price-to-earnings ratio of 33.90, a PEG ratio of 2.97 and a beta of 1.00. Oracle Co. has a 12-month low of $60.78 and a 12-month high of $127.54.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. Oracle had a negative return on equity of 3,631.39% and a net margin of 18.40%. The firm had revenue of $12.45 billion during the quarter, compared to the consensus estimate of $12.48 billion. During the same period last year, the company earned $0.81 EPS. The company’s quarterly revenue was up 8.8% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 4.49 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Investors of record on Thursday, October 12th will be issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.40%. The ex-dividend date is Wednesday, October 11th. Oracle’s dividend payout ratio (DPR) is 47.62%.

Analyst Upgrades and Downgrades

A number of research analysts have recently issued reports on ORCL shares. StockNews.com started coverage on Oracle in a research report on Thursday, August 17th. They set a “hold” rating on the stock. Monness Crespi & Hardt lowered Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 12th. VNET Group restated a “maintains” rating on shares of Oracle in a report on Tuesday, June 13th. Wolfe Research raised their price objective on Oracle from $130.00 to $140.00 in a report on Tuesday, June 13th. Finally, Stifel Nicolaus raised their price objective on Oracle from $84.00 to $120.00 in a report on Tuesday, June 13th. Twelve investment analysts have rated the stock with a hold rating and thirteen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $123.06.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 3,680 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $115.00, for a total transaction of $423,200.00. Following the completion of the transaction, the executive vice president now directly owns 16,600 shares in the company, valued at approximately $1,909,000. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. In other news, insider Edward Screven sold 354,837 shares of Oracle stock in a transaction dated Tuesday, June 20th. The stock was sold at an average price of $123.39, for a total value of $43,783,337.43. Following the completion of the transaction, the insider now owns 2,543,033 shares in the company, valued at approximately $313,784,841.87. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Smith sold 3,680 shares of Oracle stock in a transaction dated Friday, July 7th. The shares were sold at an average price of $115.00, for a total value of $423,200.00. Following the completion of the transaction, the executive vice president now owns 16,600 shares of the company’s stock, valued at approximately $1,909,000. The disclosure for this sale can be found here. Insiders sold 3,949,837 shares of company stock worth $482,142,887 in the last three months. 43.70% of the stock is owned by company insiders.

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.