Oracle Co. (NYSE:ORCL) Shares Acquired by Nemes Rush Group LLC

Nemes Rush Group LLC increased its position in Oracle Co. (NYSE:ORCL) by 1.2% in the fourth quarter, according to its most recent disclosure with the SEC. The institutional investor owned 7,334 shares of the enterprise software provider’s stock after purchasing an additional 86 shares during the period. Nemes Rush Group LLC’s holdings in Oracle were worth $773,000 at the end of the most recent reporting period.

Other hedge funds have also bought and sold shares of the company. Invst LLC boosted its stake in shares of Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after purchasing an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC boosted its stake in shares of Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after purchasing an additional 90 shares during the last quarter. Sovereign Financial Group Inc. boosted its stake in shares of Oracle by 2.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after purchasing an additional 90 shares during the last quarter. Bison Wealth LLC boosted its stake in Oracle by 0.8% during the third quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after acquiring an additional 91 shares in the last quarter. Finally, MONECO Advisors LLC boosted its stake in Oracle by 1.1% during the third quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after acquiring an additional 94 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ORCL. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. HSBC raised their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research note on Wednesday, March 13th. The Goldman Sachs Group increased their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Oppenheimer began coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating for the company. Finally, StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Ten investment analysts have rated the stock with a hold rating and fifteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Insider Activity at Oracle

In related news, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In related news, Director Michael J. Boskin sold 45,000 shares of the firm’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the transaction, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total value of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The disclosure for this sale can be found here. Insiders have sold a total of 880,000 shares of company stock worth $110,488,150 over the last quarter. Insiders own 42.80% of the company’s stock.

Oracle Trading Down 0.4 %

NYSE ORCL traded down $0.47 on Wednesday, hitting $124.16. 1,895,136 shares of the stock were exchanged, compared to its average volume of 7,989,035. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a fifty day moving average price of $121.42 and a two-hundred day moving average price of $114.76. The firm has a market capitalization of $341.25 billion, a P/E ratio of 32.75, a P/E/G ratio of 2.50 and a beta of 1.03. Oracle Co. has a 52-week low of $97.29 and a 52-week high of $132.77.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The firm’s quarterly revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the company posted $0.96 earnings per share. Research analysts forecast that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 dividend on an annualized basis and a yield of 1.29%. Oracle’s dividend payout ratio is currently 42.22%.

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.