Oracle Co. (NYSE:ORCL) Shares Bought by Sagespring Wealth Partners LLC

Sagespring Wealth Partners LLC raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 15.4% in the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 17,011 shares of the enterprise software provider’s stock after buying an additional 2,271 shares during the quarter. Sagespring Wealth Partners LLC’s holdings in Oracle were worth $2,378,000 as of its most recent SEC filing.

A number of other hedge funds have also modified their holdings of the business. Sunbeam Capital Management LLC purchased a new position in shares of Oracle during the 4th quarter worth $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle in the fourth quarter valued at about $33,000. Synergy Investment Management LLC acquired a new stake in Oracle during the fourth quarter worth about $34,000. Mpwm Advisory Solutions LLC purchased a new position in Oracle during the fourth quarter worth about $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Oracle in the 4th quarter valued at about $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction on 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 transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the firm’s stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,366 shares of company stock valued at $80,183,723. Corporate insiders own 42.20% of the company’s stock.

Oracle Trading Down 2.0%

Shares of NYSE:ORCL opened at $210.94 on Tuesday. Oracle Co. has a 52 week low of $118.86 and a 52 week high of $216.60. The company’s 50 day moving average is $154.61 and its two-hundred day moving average is $160.49. The company has a market cap of $589.98 billion, a PE ratio of 51.57, a P/E/G ratio of 3.46 and a beta of 1.32. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65.

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

Oracle Announces Dividend

The firm 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. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s payout ratio is currently 46.08%.

Analyst Ratings Changes

A number of analysts have recently issued reports on ORCL shares. Royal Bank of Canada raised their price target on shares of Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a report on Thursday, June 12th. Guggenheim restated a “buy” rating and issued a $220.00 target price on shares of Oracle in a research report on Thursday, June 12th. The Goldman Sachs Group reaffirmed a “neutral” rating and issued a $195.00 price target (up previously from $145.00) on shares of Oracle in a research note on Friday. Cantor Fitzgerald cut their price objective on Oracle from $214.00 to $175.00 and set an “overweight” rating for the company in a research report on Tuesday, March 11th. Finally, Westpark Capital boosted their price objective on shares of Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company’s stock. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $194.32.

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.