Oracle Co. (NYSE:ORCL) Shares Bought by Spire Wealth Management

Spire Wealth Management lifted its position in shares of Oracle Co. (NYSE:ORCL) by 4.7% during the 2nd quarter, according to its most recent disclosure with the SEC. The firm owned 20,308 shares of the enterprise software provider’s stock after buying an additional 903 shares during the period. Spire Wealth Management’s holdings in Oracle were worth $2,868,000 as of its most recent SEC filing.

A number of other hedge funds have also recently bought and sold shares of the company. Werlinich Asset Management LLC raised its position in shares of Oracle by 3.1% during the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after acquiring an additional 70 shares during the last quarter. RFP Financial Group LLC raised its holdings in Oracle by 2.7% during the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after purchasing an additional 75 shares during the last quarter. ERn Financial LLC lifted its position in Oracle by 0.6% during the 2nd 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 period. Key Financial Inc boosted its stake in shares of Oracle by 1.2% in the 2nd quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock valued at $932,000 after purchasing an additional 80 shares during the last quarter. Finally, Abich Financial Wealth Management LLC grew its position in shares of Oracle by 18.0% during the 1st quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock worth $67,000 after buying an additional 81 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other Oracle 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 $164,630,281,802.57. The sale was disclosed in a document filed with the SEC, which is available through this link. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction on 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 completion of the transaction, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock valued at $266,776,624 in the last quarter. Company insiders own 42.80% of the company’s stock.

Oracle Stock Up 1.3 %

Shares of NYSE ORCL traded up $1.87 during mid-day trading on Friday, hitting $141.29. The company had a trading volume of 7,980,679 shares, compared to its average volume of 8,052,333. 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 firm has a 50-day simple moving average of $138.57 and a two-hundred day simple moving average of $127.34. The company has a market capitalization of $389.38 billion, a PE ratio of 38.08, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $146.59.

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 analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages have issued reports on ORCL. BMO Capital Markets raised their price objective on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. Piper Sandler reissued an “overweight” rating and issued a $150.00 target price on shares of Oracle in a research note on Friday, July 12th. Deutsche Bank Aktiengesellschaft upped their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Mizuho lifted their price objective on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Finally, Morgan Stanley reaffirmed an “equal weight” rating and issued a $125.00 target price on shares of Oracle in a research note on Tuesday, June 25th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target 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.