Nisa Investment Advisors LLC Raises Stake in Oracle Co. (NYSE:ORCL)

Nisa Investment Advisors LLC boosted its position in Oracle Co. (NYSE:ORCL) by 0.0% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 603,261 shares of the enterprise software provider’s stock after purchasing an additional 204 shares during the period. Oracle comprises approximately 0.5% of Nisa Investment Advisors LLC’s portfolio, making the stock its 26th biggest holding. Nisa Investment Advisors LLC’s holdings in Oracle were worth $85,180,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Werlinich Asset Management LLC raised its position in Oracle by 3.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after buying an additional 70 shares during the last quarter. ERn Financial LLC raised its holdings in shares of Oracle by 0.6% during the second quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock valued at $1,823,000 after purchasing an additional 80 shares during the last quarter. Abich Financial Wealth Management LLC lifted its position in Oracle by 18.0% during the first quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after purchasing an additional 81 shares during the period. Hoxton Planning & Management LLC boosted its holdings in Oracle by 2.6% in the second quarter. Hoxton Planning & Management LLC now owns 3,278 shares of the enterprise software provider’s stock worth $463,000 after purchasing an additional 82 shares during the last quarter. Finally, Invst LLC grew its position in Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after purchasing an additional 86 shares during the period. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold a total of 1,862,500 shares of company stock worth $266,776,624 in the last three months. Insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of Oracle stock traded up $0.15 during trading on Monday, reaching $137.62. 2,319,839 shares of the stock traded hands, compared to its average volume of 8,251,078. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The company has a market capitalization of $379.26 billion, a price-to-earnings ratio of 36.87, a P/E/G ratio of 2.45 and a beta of 1.02. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The business has a fifty day simple moving average of $138.39 and a two-hundred day simple moving average of $125.89.

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 analysts’ consensus estimates 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 during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the firm earned $1.35 EPS. The business’s revenue was up 3.3% compared to the same quarter last year. Sell-side analysts expect that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. Oracle’s payout ratio is currently 43.13%.

Analyst Ratings Changes

Several equities analysts have recently weighed in on ORCL shares. KeyCorp increased their price target on Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, June 12th. TD Cowen raised their target price on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Piper Sandler reaffirmed an “overweight” rating and set a $150.00 price target on shares of Oracle in a research report on Friday, July 12th. BMO Capital Markets raised their price objective on shares of Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a report on Monday, June 17th. Finally, Sanford C. Bernstein upped their target price on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Oracle presently has a consensus 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.