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

Premier Path Wealth Partners LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 4.2% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 6,980 shares of the enterprise software provider’s stock after acquiring an additional 279 shares during the period. Premier Path Wealth Partners LLC’s holdings in Oracle were worth $986,000 at the end of the most recent reporting period.

Several other hedge funds have also made changes to their positions in ORCL. International Assets Investment Management LLC lifted its position in Oracle by 153.3% in the fourth quarter. International Assets Investment Management LLC now owns 11,947 shares of the enterprise software provider’s stock valued at $1,260,000 after purchasing an additional 7,230 shares during the period. Federated Hermes Inc. lifted its holdings in Oracle by 5.7% in the fourth quarter. Federated Hermes Inc. now owns 48,925 shares of the enterprise software provider’s stock valued at $5,158,000 after acquiring an additional 2,620 shares during the period. GUNN & Co INVESTMENT MANAGEMENT INC. purchased a new stake in shares of Oracle during the 4th quarter worth $3,244,000. Jennison Associates LLC purchased a new position in shares of Oracle in the 4th quarter valued at about $21,495,000. Finally, Larson Financial Group LLC increased its holdings in shares of Oracle by 42.2% in the 4th quarter. Larson Financial Group LLC now owns 1,901 shares of the enterprise software provider’s stock valued at $200,000 after purchasing an additional 564 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Oracle news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 in the last 90 days. 42.80% of the stock is owned by company insiders.

Oracle Trading Up 0.8 %

NYSE ORCL traded up $1.11 during mid-day trading on Friday, hitting $139.19. The company’s stock had a trading volume of 4,544,571 shares, compared to its average volume of 8,163,030. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The stock’s fifty day simple moving average is $138.95 and its two-hundred day simple moving average is $126.55. The firm has a market capitalization of $383.59 billion, a P/E ratio of 37.51, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the firm posted $1.35 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Research analysts expect that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.15%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analyst Weigh In

A number of research firms have recently issued reports on ORCL. Evercore ISI lifted their price target on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. DA Davidson reissued a “neutral” rating and issued a $105.00 target price on shares of Oracle in a report on Wednesday, June 12th. BMO Capital Markets lifted their price target on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research note on Monday, June 17th. TD Cowen increased their price objective on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, Piper Sandler restated an “overweight” rating and set a $150.00 target price on shares of Oracle in a research report on Friday, July 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $145.83.

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.