New Century Financial Group LLC Has $687,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

New Century Financial Group LLC lifted its position in Oracle Co. (NYSE:ORCL) by 9.5% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 5,466 shares of the enterprise software provider’s stock after buying an additional 473 shares during the quarter. New Century Financial Group LLC’s holdings in Oracle were worth $687,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of ORCL. Orion Capital Management LLC bought a new position in Oracle during the third quarter valued at about $25,000. Westend Capital Management LLC acquired a new stake in Oracle in the 1st quarter valued at about $25,000. Spartan Planning & Wealth Management acquired a new position in Oracle during the 3rd quarter worth $27,000. Tidemark LLC bought a new position in Oracle in the fourth quarter valued at about $29,000. Finally, Nordwand Advisors LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated 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 transaction, the insider now directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In related news, insider Edward Screven sold 235,918 shares of the 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 transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. Also, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. Over the last quarter, insiders sold 385,639 shares of company stock valued at $53,002,729. Company insiders own 42.80% of the company’s stock.

Oracle Stock Performance

ORCL stock traded up $1.10 during midday trading on Thursday, reaching $144.38. 3,560,778 shares of the company’s stock traded hands, compared to its average volume of 11,810,036. The company has a 50-day moving average price of $126.95 and a two-hundred day moving average price of $118.95. The firm has a market capitalization of $397.89 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 2.60 and a beta of 1.02. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.32.

Oracle (NYSE:ORCL) last announced 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). The company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.35 earnings per share. As a group, equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current 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 given a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.11%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent analyst reports. Sanford C. Bernstein increased their price target on Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Oppenheimer started coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. JPMorgan Chase & Co. upped their target price on shares of Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. JMP Securities reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Finally, Stifel Nicolaus increased their price target on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

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.