Addison Advisors LLC Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

Addison Advisors LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 5,566 shares of the enterprise software provider’s stock after purchasing an additional 300 shares during the period. Addison Advisors LLC’s holdings in Oracle were worth $786,000 as of its most recent SEC filing.

Several other hedge funds have also made changes to their positions in the business. Norges Bank acquired a new stake in Oracle during the 4th quarter worth approximately $1,210,181,000. Janus Henderson Group PLC increased its position in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. Boston Partners raised its stake in shares of Oracle by 382.4% in the fourth quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after acquiring an additional 3,617,413 shares in the last quarter. Capital World Investors boosted its holdings in Oracle by 22.1% in the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after purchasing an additional 3,323,334 shares during the period. Finally, PineStone Asset Management Inc. grew its stake in Oracle by 131.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after purchasing an additional 2,219,450 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of equities research analysts have issued reports on the company. Bank of America increased their price target on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. Stifel Nicolaus boosted their price target on shares of Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Guggenheim reissued a “buy” rating and issued a $175.00 price objective on shares of Oracle in a research report on Tuesday, June 25th. Finally, Sanford C. Bernstein lifted their price objective on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Performance

NYSE ORCL traded down $1.46 during trading on Friday, reaching $141.15. The company’s stock had a trading volume of 1,871,573 shares, compared to its average volume of 8,002,744. The business’s fifty day moving average price is $138.70 and its 200-day moving average price is $128.12. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The firm has a market cap of $388.99 billion, a price-to-earnings ratio of 38.44, a P/E/G ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) 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 analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 EPS. As a group, analysts anticipate that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

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

Insider Activity

In other Oracle news, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related 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 completion of the sale, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was 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 $30,157,101.44. 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 over the last quarter. Corporate insiders own 42.80% of the company’s stock.

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.