Oak Thistle LLC Buys New Shares in Oracle Co. (NYSE:ORCL)

Oak Thistle LLC bought a new stake in Oracle Co. (NYSE:ORCL) during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor bought 5,147 shares of the enterprise software provider’s stock, valued at approximately $647,000.

A number of other institutional investors have also added to or reduced their stakes in the company. Orion Capital Management LLC bought a new position in shares of Oracle during the third quarter valued at about $25,000. Westend Capital Management LLC bought a new position in shares of Oracle during the first quarter valued at about $25,000. Spartan Planning & Wealth Management bought a new position in shares of Oracle during the third quarter valued at about $27,000. Tidemark LLC bought a new position in shares of Oracle during the fourth quarter valued at about $29,000. Finally, Nordwand Advisors LLC bought a new position in shares of Oracle during the fourth quarter valued at about $30,000. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent research reports. Morgan Stanley reaffirmed an “equal weight” rating and set a $125.00 price objective on shares of Oracle in a research note on Tuesday, June 25th. Citigroup dropped their target price on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a report on Monday, June 10th. Sanford C. Bernstein increased their target price on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Bank of America increased their target price on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Finally, JMP Securities reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. In other Oracle news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders sold 385,639 shares of company stock valued at $53,002,729 over the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Up 1.3 %

Shares of ORCL traded up $1.89 on Monday, hitting $143.09. 6,530,824 shares of the stock traded hands, compared to its average volume of 8,706,194. The company has a market capitalization of $394.34 billion, a PE ratio of 38.54, a P/E/G ratio of 2.56 and a beta of 1.02. 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 business has a 50 day simple moving average of $125.24 and a 200 day simple moving average of $118.19. Oracle Co. has a one year low of $99.26 and a one year high of $145.32.

Oracle (NYSE:ORCL) last announced its quarterly 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 firm had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $1.35 EPS. As a group, equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

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.