Allred Capital Management LLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

Allred Capital Management LLC grew its holdings in Oracle Co. (NYSE:ORCLGet Rating) by 5.7% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm owned 14,984 shares of the enterprise software provider’s stock after acquiring an additional 804 shares during the period. Allred Capital Management LLC’s holdings in Oracle were worth $1,239,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Haverford Trust Co increased its stake in Oracle by 0.7% during the 1st quarter. Haverford Trust Co now owns 1,571,954 shares of the enterprise software provider’s stock worth $130,048,000 after buying an additional 10,599 shares during the period. MCF Advisors LLC bought a new position in shares of Oracle during the first quarter worth about $477,000. Wilbanks Smith & Thomas Asset Management LLC lifted its position in shares of Oracle by 1.1% during the first quarter. Wilbanks Smith & Thomas Asset Management LLC now owns 103,055 shares of the enterprise software provider’s stock worth $7,553,000 after purchasing an additional 1,168 shares during the last quarter. Financial Architects Inc raised its stake in Oracle by 25.5% during the first quarter. Financial Architects Inc now owns 8,836 shares of the enterprise software provider’s stock valued at $731,000 after buying an additional 1,793 shares in the last quarter. Finally, Levy Wealth Management Group LLC raised its stake in Oracle by 10.1% during the first quarter. Levy Wealth Management Group LLC now owns 2,737 shares of the enterprise software provider’s stock valued at $226,000 after buying an additional 250 shares in the last quarter. Hedge funds and other institutional investors own 42.33% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 980,000 shares of the firm’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $69.80, for a total transaction of $68,404,000.00. Following the transaction, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $78,077,721.60. The transaction was disclosed in a filing with the SEC, which is available through this link. In other news, CEO Safra Catz sold 980,000 shares of the firm’s stock in a transaction dated Friday, June 24th. The stock was sold at an average price of $69.80, for a total value of $68,404,000.00. Following the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $78,077,721.60. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Edward Screven sold 419,174 shares of Oracle stock in a transaction dated Wednesday, June 29th. The stock was sold at an average price of $69.22, for a total value of $29,015,224.28. Following the sale, the insider now directly owns 2,492,613 shares in the company, valued at $172,538,671.86. The disclosure for this sale can be found here. Insiders have sold a total of 3,399,174 shares of company stock worth $232,369,224 over the last three months. Corporate insiders own 43.40% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. Monness Crespi & Hardt cut their price objective on Oracle from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Tuesday, June 14th. StockNews.com initiated coverage on Oracle in a research note on Thursday, March 31st. They set a “buy” rating on the stock. Barclays set a $82.00 price target on Oracle in a research report on Tuesday, June 14th. The Goldman Sachs Group reiterated a “sell” rating and set a $75.00 price target on shares of Oracle in a research report on Monday, June 27th. Finally, Cowen dropped their price target on Oracle from $107.00 to $98.00 and set an “outperform” rating on the stock in a research report on Thursday, June 9th. Two equities research analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and an average price target of $88.95.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $0.60 during midday trading on Thursday, hitting $76.47. 148,955 shares of the stock were exchanged, compared to its average volume of 8,573,193. Oracle Co. has a 52-week low of $63.76 and a 52-week high of $106.34. The business’s fifty day simple moving average is $70.67 and its two-hundred day simple moving average is $76.09. The company has a market capitalization of $203.79 billion, a PE ratio of 31.86, a P/E/G ratio of 2.11 and a beta of 0.84.

Oracle (NYSE:ORCLGet Rating) last announced its quarterly earnings data on Monday, June 13th. The enterprise software provider reported $1.31 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.17 by $0.14. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The business had revenue of $11.84 billion during the quarter, compared to analyst estimates of $11.65 billion. During the same period last year, the company earned $1.40 earnings per share. Oracle’s quarterly revenue was up 5.5% compared to the same quarter last year. As a group, equities analysts anticipate that Oracle Co. will post 4.43 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Tuesday, July 26th. Shareholders of record on Tuesday, July 12th were issued a dividend of $0.32 per share. The ex-dividend date was Monday, July 11th. This represents a $1.28 annualized dividend and a yield of 1.67%. Oracle’s dividend payout ratio (DPR) is currently 53.33%.

Oracle Company Profile

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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