Arjuna Capital Buys 129 Shares of Oracle Co. (NYSE:ORCL)

Arjuna Capital grew its stake in Oracle Co. (NYSE:ORCL) by 1.1% in the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,258 shares of the enterprise software provider’s stock after purchasing an additional 129 shares during the quarter. Arjuna Capital’s holdings in Oracle were worth $1,731,000 at the end of the most recent quarter.

Several other institutional investors have also added to or reduced their stakes in the stock. Westend Capital Management LLC bought a new stake in Oracle during the 1st quarter valued at approximately $25,000. Tidemark LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $29,000. Nordwand Advisors LLC purchased a new stake in Oracle in the fourth quarter worth $30,000. Frank Rimerman Advisors LLC bought a new position in Oracle in the fourth quarter worth $30,000. Finally, POM Investment Strategies LLC purchased a new position in Oracle during the second quarter valued at $30,000. 42.44% of the stock is currently owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent research reports. JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. KeyCorp upped their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. BMO Capital Markets lifted their target price on shares of 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 price target on Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, Bank of America raised their price objective on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average target price of $145.83.

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 shares were 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 of the company’s stock, valued at approximately $379,042,045.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 235,918 shares of the firm’s 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 sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is owned by corporate insiders.

Oracle Price Performance

ORCL traded up $1.89 during trading on Friday, hitting $141.31. 7,979,860 shares of the company traded hands, compared to its average volume of 8,052,333. The company has a market cap of $389.43 billion, a PE ratio of 38.09, a P/E/G ratio of 2.49 and a beta of 1.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $146.59. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The stock’s 50-day simple moving average is $138.57 and its two-hundred day simple moving average is $127.17.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’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 earned $1.35 EPS. As a group, sell-side analysts anticipate that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Oracle’s dividend payout ratio is currently 43.13%.

About Oracle

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.