Oracle Co. (NYSE:ORCL) Shares Purchased by Everhart Financial Group Inc.

Everhart Financial Group Inc. raised its stake in shares of Oracle Co. (NYSE:ORCL) by 2.1% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 13,067 shares of the enterprise software provider’s stock after purchasing an additional 274 shares during the period. Everhart Financial Group Inc.’s holdings in Oracle were worth $1,827,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the fourth quarter worth $30,000. Hurley Capital LLC purchased a new position in Oracle in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle during the 4th quarter worth approximately $34,000. TFC Financial Management Inc. increased its holdings in shares of Oracle by 129.0% in the fourth quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider’s stock valued at $35,000 after purchasing an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC purchased a new position in Oracle during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on the company. Loop Capital set a $135.00 target price on Oracle in a research note on Tuesday. Barclays cut their price objective on Oracle from $212.00 to $202.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. DA Davidson increased their target price on shares of Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday. Bank of America lifted their price target on shares of Oracle from $156.00 to $220.00 and gave the company a “neutral” rating in a research report on Thursday. Finally, Wall Street Zen cut shares of Oracle from a “buy” rating to a “hold” rating in a research report on Wednesday, February 19th. Eleven investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $193.59.

Oracle Trading Up 13.2%

NYSE ORCL opened at $199.67 on Friday. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $202.49. The company has a market capitalization of $558.47 billion, a price-to-earnings ratio of 48.82, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The firm’s fifty day moving average price is $151.06 and its 200 day moving average price is $160.44.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The business’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 earnings per share. On average, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 1.00%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s payout ratio is currently 46.95%.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction dated Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the firm’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 27,366 shares of company stock worth $4,015,723. Insiders own 42.20% 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.