Foster Group Inc. Raises Stock Position in Oracle Co. (NYSE:ORCL)

Foster Group Inc. grew its holdings in Oracle Co. (NYSE:ORCL) by 1.2% during the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,359 shares of the enterprise software provider’s stock after acquiring an additional 186 shares during the period. Foster Group Inc.’s holdings in Oracle were worth $2,310,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other hedge funds have also recently made changes to their positions in ORCL. Westend Capital Management LLC bought a new position in shares of Oracle during the 1st quarter valued at about $25,000. Tidemark LLC purchased a new position in shares of Oracle in the 4th quarter worth approximately $29,000. Nordwand Advisors LLC purchased a new stake in Oracle during the 4th quarter valued at $30,000. Frank Rimerman Advisors LLC bought a new stake in Oracle in the fourth quarter worth $30,000. Finally, POM Investment Strategies LLC purchased a new position in Oracle during the second quarter worth $30,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several analysts have issued reports on the stock. Bank of America raised their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Deutsche Bank Aktiengesellschaft upped their price target on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. TD Cowen raised their price objective on shares of Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Finally, Citigroup reduced their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a report on Monday, June 10th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Insider Activity

In other news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction 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 legal filing with the SEC, which is accessible through this link. In other news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred 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 sale, 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 document filed with the SEC, which is available at this hyperlink. Also, Director Jeffrey Berg sold 22,500 shares of the firm’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 owns 210,712 shares in the company, valued at approximately $30,157,101.44. 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 currently owned by insiders.

Oracle Stock Up 1.3 %

Shares of ORCL traded up $1.87 during trading on Friday, reaching $141.29. The company’s stock had a trading volume of 7,980,679 shares, compared to its average volume of 8,052,333. The company has a market cap of $389.38 billion, a price-to-earnings ratio of 38.08, a P/E/G ratio of 2.49 and a beta of 1.02. The company has a fifty day moving average of $138.57 and a two-hundred day moving average of $127.34. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59.

Oracle (NYSE:ORCL) last issued its earnings results 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 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 analyst estimates of $14.57 billion. During the same quarter last year, the company posted $1.35 EPS. The business’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, sell-side analysts predict that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced 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 of this dividend was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Oracle’s payout ratio is currently 43.13%.

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.