Oracle Co. (NYSE:ORCL) Shares Bought by Register Financial Advisors LLC

Register Financial Advisors LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 9.2% in the first quarter, HoldingsChannel.com reports. The institutional investor owned 5,528 shares of the enterprise software provider’s stock after purchasing an additional 468 shares during the quarter. Register Financial Advisors LLC’s holdings in Oracle were worth $694,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors and hedge funds have also bought and sold shares of the company. Capital Asset Advisory Services LLC lifted its holdings in Oracle by 3.1% in the first quarter. Capital Asset Advisory Services LLC now owns 7,750 shares of the enterprise software provider’s stock valued at $968,000 after acquiring an additional 236 shares during the period. Fifth Third Wealth Advisors LLC increased its holdings in shares of Oracle by 2.8% during the 1st quarter. Fifth Third Wealth Advisors LLC now owns 23,521 shares of the enterprise software provider’s stock valued at $2,955,000 after purchasing an additional 634 shares in the last quarter. Cypress Wealth Services LLC lifted its stake in shares of Oracle by 2.9% in the 1st quarter. Cypress Wealth Services LLC now owns 5,303 shares of the enterprise software provider’s stock valued at $666,000 after purchasing an additional 148 shares during the period. Transform Wealth LLC purchased a new stake in Oracle during the first quarter worth $201,000. Finally, Tarbox Family Office Inc. acquired a new stake in Oracle during the first quarter valued at $206,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Oracle news, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Jeffrey Berg sold 22,500 shares of Oracle stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the sale, the director now owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The disclosure for this sale can be found here. Over the last three months, insiders have sold 385,639 shares of company stock worth $53,002,729. Insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on ORCL shares. JMP Securities reiterated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Guggenheim reaffirmed a “buy” rating and issued a $175.00 price target on shares of Oracle in a report on Tuesday. BMO Capital Markets raised their price objective on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a report on Monday, June 17th. UBS Group upped their target price on Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, Mizuho lifted their price target on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Trading Up 0.7 %

Shares of ORCL traded up $1.02 during midday trading on Friday, reaching $141.20. The company had a trading volume of 25,814,269 shares, compared to its average volume of 8,723,608. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $145.32. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The firm has a 50 day simple moving average of $125.24 and a 200-day simple moving average of $117.96. The stock has a market cap of $389.13 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.51 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the business posted $1.35 earnings per share. Research analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, July 11th. Oracle’s dividend payout ratio is presently 43.13%.

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.