Oracle Co. (NYSE:ORCL) Shares Bought by Montag A & Associates Inc.

Montag A & Associates Inc. grew its position in Oracle Co. (NYSE:ORCL) by 2.2% during the second quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 28,616 shares of the enterprise software provider’s stock after purchasing an additional 610 shares during the quarter. Montag A & Associates Inc.’s holdings in Oracle were worth $4,041,000 at the end of the most recent reporting period.

Other institutional investors have also modified their holdings of the company. Interchange Capital Partners LLC raised its stake in Oracle by 193.5% during the 2nd quarter. Interchange Capital Partners LLC now owns 6,809 shares of the enterprise software provider’s stock worth $961,000 after acquiring an additional 4,489 shares in the last quarter. Essex Financial Services Inc. increased its position in Oracle by 12.3% during the second quarter. Essex Financial Services Inc. now owns 22,869 shares of the enterprise software provider’s stock worth $3,229,000 after buying an additional 2,513 shares during the period. Turtle Creek Wealth Advisors LLC lifted its stake in Oracle by 26.7% in the second quarter. Turtle Creek Wealth Advisors LLC now owns 2,455 shares of the enterprise software provider’s stock valued at $347,000 after buying an additional 518 shares during the last quarter. Aptus Capital Advisors LLC boosted its holdings in shares of Oracle by 19.8% in the second quarter. Aptus Capital Advisors LLC now owns 19,196 shares of the enterprise software provider’s stock valued at $2,710,000 after acquiring an additional 3,176 shares during the period. Finally, Nilsine Partners LLC increased its holdings in shares of Oracle by 2.0% in the 2nd quarter. Nilsine Partners LLC now owns 27,881 shares of the enterprise software provider’s stock valued at $3,937,000 after acquiring an additional 543 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

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

Oracle Stock Up 1.3 %

Shares of NYSE:ORCL traded up $1.87 during midday trading on Friday, hitting $141.29. 7,980,679 shares of the company’s stock traded hands, compared to its average volume of 5,303,795. The firm’s fifty day moving average price is $138.57 and its two-hundred day moving average price is $127.44. 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 twelve month low of $99.26 and a twelve month high of $146.59. The company has a market cap of $389.38 billion, a PE ratio of 38.08, a P/E/G ratio of 2.55 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued its 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 during the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. Oracle’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the company earned $1.35 EPS. On average, equities research analysts anticipate that Oracle Co. will post 5.02 EPS for the current fiscal 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 issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.13%. Oracle’s dividend payout ratio is presently 43.13%.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. 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 research report on Monday, June 17th. Morgan Stanley restated an “equal weight” rating and issued a $125.00 price target on shares of Oracle in a research report on Tuesday, June 25th. DA Davidson reaffirmed a “neutral” rating and set a $105.00 price objective on shares of Oracle in a research report on Wednesday, June 12th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Finally, Mizuho increased their price target on Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus target price of $145.83.

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.