Opes Wealth Management LLC Purchases 168 Shares of Oracle Co. (NYSE:ORCL)

Opes Wealth Management LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 9.0% during the 2nd quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,034 shares of the enterprise software provider’s stock after acquiring an additional 168 shares during the quarter. Opes Wealth Management LLC’s holdings in Oracle were worth $287,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also bought and sold shares of ORCL. Norges Bank bought a new position in Oracle in the fourth quarter valued at approximately $1,210,181,000. Janus Henderson Group PLC lifted its stake in Oracle by 148.8% in the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock valued at $1,616,855,000 after buying an additional 7,699,141 shares in the last quarter. Boston Partners lifted its stake in 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 buying an additional 3,617,413 shares in the last quarter. Capital World Investors lifted its stake 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 buying an additional 3,323,334 shares in the last quarter. Finally, PineStone Asset Management Inc. lifted its stake in Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after buying an additional 2,219,450 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.6 %

NYSE ORCL opened at $141.78 on Friday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59. The business has a fifty day moving average price of $138.72 and a two-hundred day moving average price of $128.33. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The stock has a market capitalization of $390.73 billion, a PE ratio of 38.22, a PEG ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The company had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period last year, the company posted $1.35 EPS. Equities analysts expect that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders 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 dividend on an annualized basis and a dividend yield of 1.13%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analyst Weigh In

ORCL has been the topic of a number of research reports. Bank of America boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Stifel Nicolaus boosted their price objective on shares of Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, June 12th. Mizuho boosted their price objective on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Sanford C. Bernstein boosted 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. Finally, JMP Securities reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $145.83.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was 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 filing with the SEC, which can be accessed through the SEC website. In related news, 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 sale, the director now owns 210,712 shares in the company, valued at approximately $30,157,101.44. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The stock was 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 of the company’s stock, valued at $8,010,030.10. 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 90 days. 42.80% of the stock is owned by insiders.

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.