Oracle Co. (NYSE:ORCL) Shares Bought by Retirement Solution LLC

Retirement Solution LLC raised its stake in Oracle Co. (NYSE:ORCL) by 24.9% during the 1st quarter, HoldingsChannel reports. The firm owned 2,278 shares of the enterprise software provider’s stock after acquiring an additional 454 shares during the period. Oracle accounts for 0.1% of Retirement Solution LLC’s portfolio, making the stock its 27th biggest position. Retirement Solution LLC’s holdings in Oracle were worth $318,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently modified their holdings of ORCL. Cookson Peirce & Co. Inc. raised its holdings in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider’s stock worth $237,000 after acquiring an additional 60 shares during the last quarter. New England Capital Financial Advisors LLC boosted its position in shares of Oracle by 6.4% in the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider’s stock worth $177,000 after buying an additional 64 shares during the period. Cape ANN Savings Bank boosted its holdings in Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider’s stock valued at $970,000 after purchasing an additional 65 shares during the last quarter. Greenwood Gearhart Inc. boosted its holdings in Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider’s stock valued at $955,000 after purchasing an additional 66 shares during the last quarter. Finally, WorthPointe LLC boosted its holdings in Oracle by 4.0% in the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider’s stock valued at $289,000 after purchasing an additional 67 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of research reports. DA Davidson increased their price target on Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a research report on Thursday. Westpark Capital increased their price target on Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a research note on Thursday. Morgan Stanley reissued a “positive” rating on shares of Oracle in a research note on Monday, June 9th. Stephens began coverage on Oracle in a report on Wednesday, March 19th. They issued an “equal weight” rating and a $167.00 target price for the company. Finally, Royal Bank of Canada increased their target price on Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a report on Thursday. Twelve analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has given a strong buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $194.32.

Insider Activity

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider now owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 427,366 shares of company stock valued at $80,183,723. Company insiders own 42.20% of the company’s stock.

Oracle Stock Performance

NYSE ORCL opened at $215.54 on Friday. The stock has a market capitalization of $602.86 billion, a PE ratio of 52.70, a P/E/G ratio of 3.46 and a beta of 1.32. The business has a 50 day simple moving average of $152.88 and a two-hundred day simple moving average of $160.46. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $216.60.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s dividend payout ratio is currently 46.08%.

Oracle Company 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.