Rathbones Group PLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

Rathbones Group PLC grew its stake in Oracle Co. (NYSE:ORCL) by 1.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,634 shares of the enterprise software provider’s stock after purchasing an additional 567 shares during the quarter. Rathbones Group PLC’s holdings in Oracle were worth $5,032,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also modified their holdings of the company. Werlinich Asset Management LLC increased its stake in Oracle by 3.1% during the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after buying an additional 70 shares in the last quarter. RFP Financial Group LLC lifted its holdings in Oracle by 2.7% in the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock valued at $405,000 after purchasing an additional 75 shares in the last quarter. ERn Financial LLC boosted its stake in Oracle by 0.6% during the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after purchasing an additional 80 shares during the last quarter. Key Financial Inc grew its holdings in shares of Oracle by 1.2% during the second quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock worth $932,000 after buying an additional 80 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its position in shares of Oracle by 18.0% in the first quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction 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 sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this hyperlink. In related news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction that occurred 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 sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Jeffrey Berg sold 22,500 shares of Oracle 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 completion of the transaction, the director now owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Oracle Trading Up 0.4 %

Shares of NYSE ORCL opened at $162.03 on Monday. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market capitalization of $446.53 billion, a PE ratio of 43.67, a PEG ratio of 2.89 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $173.93. The stock has a fifty day simple moving average of $139.85 and a 200-day simple moving average of $130.16.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the company posted $0.95 EPS. Oracle’s revenue was up 6.9% compared to the same quarter last year. On average, equities analysts forecast that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle’s dividend payout ratio is presently 43.13%.

Analysts Set New Price Targets

Several analysts recently issued reports on the stock. TD Cowen upped their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Deutsche Bank Aktiengesellschaft increased their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 17th. Stifel Nicolaus boosted their price objective on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. BMO Capital Markets raised their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday, September 10th. Finally, Bank of America lifted their price target on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and eighteen have assigned a buy rating to the company. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $161.13.

Oracle 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.