Dumont & Blake Investment Advisors LLC Acquires 150 Shares of Oracle Co. (NYSE:ORCL)

Dumont & Blake Investment Advisors LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 1.2% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 12,344 shares of the enterprise software provider’s stock after purchasing an additional 150 shares during the quarter. Dumont & Blake Investment Advisors LLC’s holdings in Oracle were worth $1,551,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in the business. Vanguard Group Inc. raised its stake in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after buying an additional 7,883,515 shares during the period. Capital World Investors raised its position in shares of Oracle by 22.1% during the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after purchasing an additional 3,323,334 shares during the period. Parnassus Investments LLC lifted its holdings in shares of Oracle by 17.7% in the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after purchasing an additional 2,191,342 shares in the last quarter. Putnam Investments LLC grew its position in Oracle by 6.0% in the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after purchasing an additional 697,961 shares during the period. Finally, Charles Schwab Investment Management Inc. increased its stake in Oracle by 1.7% during the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock valued at $1,223,775,000 after purchasing an additional 204,546 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other 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 completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In other 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 value of $34,042,967.40. Following the sale, the insider now directly 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 the business’s stock in a transaction that occurred on 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 transaction, the director now directly owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 385,639 shares of company stock worth $53,002,729. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Performance

NYSE ORCL traded up $1.02 on Friday, hitting $141.20. 25,814,821 shares of the stock traded hands, compared to its average volume of 11,264,646. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The business’s fifty day moving average is $125.24 and its two-hundred day moving average is $118.08. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $145.32. The firm has a market capitalization of $389.13 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.56 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly 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 return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the company posted $1.35 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. As a group, equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. Morgan Stanley reiterated an “equal weight” rating and set a $125.00 price objective on shares of Oracle in a report on Tuesday, June 25th. BMO Capital Markets lifted their price target on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. Mizuho increased their price objective on Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Stifel Nicolaus lifted their target price on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus 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.