Oracle Co. (NYSE:ORCL) Shares Acquired by SignalPoint Asset Management LLC

SignalPoint Asset Management LLC increased its holdings in Oracle Co. (NYSE:ORCLGet Rating) by 4.6% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 6,592 shares of the enterprise software provider’s stock after buying an additional 287 shares during the period. SignalPoint Asset Management LLC’s holdings in Oracle were worth $545,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also modified their holdings of the company. Qube Research & Technologies Ltd bought a new stake in Oracle in the 4th quarter valued at about $31,330,000. RFG Advisory LLC lifted its position in Oracle by 27.8% in the 4th quarter. RFG Advisory LLC now owns 4,281 shares of the enterprise software provider’s stock valued at $373,000 after purchasing an additional 930 shares during the last quarter. Everett Harris & Co. CA lifted its position in Oracle by 3.3% in the 4th quarter. Everett Harris & Co. CA now owns 5,694 shares of the enterprise software provider’s stock valued at $497,000 after purchasing an additional 184 shares during the last quarter. SlateStone Wealth LLC raised its position in shares of Oracle by 34.4% during the 4th quarter. SlateStone Wealth LLC now owns 3,920 shares of the enterprise software provider’s stock worth $342,000 after buying an additional 1,004 shares in the last quarter. Finally, Clarius Group LLC raised its position in shares of Oracle by 1.3% during the 4th quarter. Clarius Group LLC now owns 28,950 shares of the enterprise software provider’s stock worth $2,525,000 after buying an additional 360 shares in the last quarter. 42.33% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In related news, CEO Safra Catz sold 1,000,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $74,800,247.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, CEO Safra Catz sold 1,000,000 shares of the firm’s stock in a transaction 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 transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $74,800,247.04. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Edward Screven sold 419,174 shares of the firm’s stock in a transaction on Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total transaction of $29,015,224.28. Following the completion of the transaction, the insider now directly owns 2,492,613 shares of the company’s stock, valued at $172,538,671.86. The disclosure for this sale can be found here. In the last three months, insiders have sold 3,399,174 shares of company stock worth $232,369,224. Company insiders own 39.10% of the company’s stock.

Oracle Stock Down 0.1 %

NYSE:ORCL traded down $0.05 during mid-day trading on Friday, reaching $77.35. 4,858,132 shares of the company were exchanged, compared to its average volume of 5,848,196. Oracle Co. has a 12 month low of $63.76 and a 12 month high of $106.34. The company has a fifty day moving average of $71.70 and a 200 day moving average of $75.58. The stock has a market cap of $206.13 billion, a PE ratio of 32.23, a PEG ratio of 2.19 and a beta of 0.87.

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

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Tuesday, July 26th. Investors of record on Tuesday, July 12th were given a $0.32 dividend. The ex-dividend date of this dividend was Monday, July 11th. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.65%. Oracle’s dividend payout ratio is 53.33%.

Analyst Ratings Changes

A number of analysts recently commented on ORCL shares. Barclays set a $82.00 target price on shares of Oracle in a report on Tuesday, June 14th. Cowen dropped their target price on shares of Oracle from $107.00 to $98.00 and set an “outperform” rating on the stock in a research report on Thursday, June 9th. Exane BNP Paribas raised shares of Oracle from a “neutral” rating to an “outperform” rating in a research report on Wednesday, June 29th. UBS Group set a $75.00 target price on shares of Oracle in a research report on Tuesday, June 14th. Finally, BNP Paribas raised shares of Oracle from a “neutral” rating to an “outperform” rating and set a $90.00 target price on the stock in a research report on Wednesday, June 29th. Two analysts have rated the stock with a sell rating, fourteen have assigned a hold rating and nine have issued a buy rating to the stock. Based on data from MarketBeat, the stock has a consensus rating of “Hold” and an average target price of $88.95.

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.

Further Reading

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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