Constitution Capital LLC Buys 100 Shares of Oracle Co. (NYSE:ORCL)

Constitution Capital LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 3.4% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 3,000 shares of the enterprise software provider’s stock after acquiring an additional 100 shares during the period. Constitution Capital LLC’s holdings in Oracle were worth $357,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently modified their holdings of the company. First Bank & Trust boosted its position in shares of Oracle by 3.1% in the 2nd quarter. First Bank & Trust now owns 3,223 shares of the enterprise software provider’s stock valued at $384,000 after purchasing an additional 98 shares during the period. Beacon Capital Management LLC raised its position in Oracle by 4.2% in the 2nd quarter. Beacon Capital Management LLC now owns 2,482 shares of the enterprise software provider’s stock valued at $295,000 after purchasing an additional 100 shares during the last quarter. Carolinas Wealth Consulting LLC lifted its stake in Oracle by 0.7% in the first quarter. Carolinas Wealth Consulting LLC now owns 14,912 shares of the enterprise software provider’s stock valued at $104,000 after buying an additional 102 shares during the period. Princeton Global Asset Management LLC increased its holdings in shares of Oracle by 0.7% in the first quarter. Princeton Global Asset Management LLC now owns 16,171 shares of the enterprise software provider’s stock worth $1,503,000 after acquiring an additional 106 shares in the last quarter. Finally, McAdam LLC grew its holdings in shares of Oracle by 1.9% during the first quarter. McAdam LLC now owns 5,821 shares of the enterprise software provider’s stock worth $541,000 after buying an additional 107 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

Several equities analysts have recently issued reports on ORCL shares. StockNews.com initiated coverage on Oracle in a research note on Thursday, August 17th. They issued a “hold” rating on the stock. VNET Group restated a “maintains” rating on shares of Oracle in a report on Tuesday, June 13th. HSBC initiated coverage on shares of Oracle in a research report on Friday. They set a “buy” rating and a $144.00 price objective for the company. Monness Crespi & Hardt cut shares of Oracle from a “buy” rating to a “neutral” rating in a research report on Tuesday, September 12th. Finally, Mizuho restated a “buy” rating and issued a $150.00 target price on shares of Oracle in a research note on Tuesday. Twelve research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $123.06.

Oracle Trading Down 0.3 %

Shares of ORCL traded down $0.34 on Tuesday, hitting $111.87. 3,155,115 shares of the stock traded hands, compared to its average volume of 9,124,601. The company has a quick ratio of 0.87, a current ratio of 0.87 and a debt-to-equity ratio of 29.72. The firm has a market capitalization of $306.50 billion, a P/E ratio of 33.36, a P/E/G ratio of 2.98 and a beta of 1.00. The stock’s 50 day moving average is $117.28 and its two-hundred day moving average is $106.40. Oracle Co. has a 1 year low of $60.78 and a 1 year high of $127.54.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share (EPS) 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 18.40% and a negative return on equity of 470.73%. The business’s quarterly revenue was up 8.8% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.81 earnings per share. As a group, sell-side analysts predict that Oracle Co. will post 4.49 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.43%. The ex-dividend date is Wednesday, October 11th. Oracle’s dividend payout ratio is currently 47.62%.

Insider Transactions at Oracle

In related news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the business’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 value of $211,662,500.00. Following the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $138,576,328,095.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the company’s stock in a transaction 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 completion of the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $138,576,328,095.35. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Michael J. Boskin sold 90,000 shares of the stock in a transaction on Friday, June 23rd. The shares were sold at an average price of $118.83, for a total transaction of $10,694,700.00. Following the completion of the sale, the director now directly owns 87,473 shares of the company’s stock, valued at $10,394,416.59. The disclosure for this sale can be found here. In the last three months, insiders sold 1,845,000 shares of company stock valued at $222,934,550. Company insiders own 43.70% of the company’s stock.

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.