Oracle Co. (NYSE:ORCL) Stake Boosted by Opes Wealth Management LLC

Opes Wealth Management LLC increased its position in shares of Oracle Co. (NYSE:ORCLGet Rating) by 28.7% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 3,626 shares of the enterprise software provider’s stock after purchasing an additional 808 shares during the quarter. Opes Wealth Management LLC’s holdings in Oracle were worth $300,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the company. Evolution Advisers Inc. bought a new stake in Oracle in the fourth quarter valued at $33,000. Steward Financial Group LLC bought a new stake in Oracle in the first quarter valued at $33,000. Bivin & Associates Inc. bought a new stake in Oracle in the fourth quarter valued at $35,000. Outfitter Financial LLC bought a new stake in Oracle in the fourth quarter valued at $43,000. Finally, Western Pacific Wealth Management LP bought a new stake in Oracle in the fourth quarter valued at $43,000. 42.33% of the stock is currently owned by institutional investors.

Analyst Ratings Changes

ORCL has been the topic of a number of recent research reports. BNP Paribas upgraded Oracle from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research note on Wednesday, June 29th. JPMorgan Chase & Co. set a $82.00 target price on Oracle in a research note on Thursday, June 16th. Jefferies Financial Group lifted their price objective on shares of Oracle from $75.00 to $80.00 in a research note on Tuesday, June 14th. Monness Crespi & Hardt cut their price objective on shares of Oracle from $126.00 to $113.00 and set a “buy” rating on the stock in a research note on Tuesday, June 14th. Finally, UBS Group set a $75.00 price objective on shares of Oracle in a research note on Tuesday, June 14th. Two research analysts have rated the stock with a sell rating, fourteen have given a hold rating and nine have assigned a buy rating to the stock. Based on data from MarketBeat.com, Oracle has an average rating of “Hold” and an average target price of $89.91.

Oracle Price Performance

Shares of ORCL opened at $75.87 on Thursday. The company has a market capitalization of $202.19 billion, a price-to-earnings ratio of 31.61, a P/E/G ratio of 2.11 and a beta of 0.84. Oracle Co. has a fifty-two week low of $63.76 and a fifty-two week high of $106.34. The business’s 50-day moving average is $70.67 and its 200-day moving average is $76.09.

Oracle (NYSE:ORCLGet Rating) last issued its earnings results on Monday, June 13th. The enterprise software provider reported $1.31 earnings per share for the quarter, beating analysts’ consensus estimates of $1.17 by $0.14. The company had revenue of $11.84 billion for the quarter, compared to the consensus estimate of $11.65 billion. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The firm’s quarterly revenue was up 5.5% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.40 EPS. Equities research analysts expect that Oracle Co. will post 4.43 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Tuesday, July 26th. Stockholders of record on Tuesday, July 12th were issued a $0.32 dividend. The ex-dividend date was Monday, July 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.69%. Oracle’s dividend payout ratio is 53.33%.

Insider Activity

In related news, CEO Safra Catz sold 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 22nd. The stock was sold at an average price of $66.87, for a total value of $66,870,000.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $74,800,247.04. The sale was disclosed in a document filed with the SEC, which is available at this link. In related news, insider Edward Screven sold 419,174 shares of the business’s stock in a transaction that occurred on 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 completion of the sale, the insider now owns 2,492,613 shares of the company’s stock, valued at approximately $172,538,671.86. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, CEO Safra Catz sold 1,000,000 shares of the business’s stock in a transaction that occurred on Wednesday, June 22nd. The shares were sold at an average price of $66.87, for a total value of $66,870,000.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $74,800,247.04. The disclosure for this sale can be found here. Insiders have sold 3,399,174 shares of company stock worth $232,369,224 in the last 90 days. Company insiders own 43.40% of the company’s stock.

Oracle 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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