Comprehensive Financial Consultants Institutional Inc. Has $470,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Comprehensive Financial Consultants Institutional Inc. grew its position in shares of Oracle Co. (NYSE:ORCL) by 6.7% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,740 shares of the enterprise software provider’s stock after purchasing an additional 234 shares during the quarter. Comprehensive Financial Consultants Institutional Inc.’s holdings in Oracle were worth $470,000 as of its most recent SEC filing.

Other hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC bought a new position in shares of Oracle during the first quarter worth about $25,000. Orion Capital Management LLC bought a new stake in Oracle in the third quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new stake in Oracle in the third quarter worth approximately $27,000. Tidemark LLC bought a new stake in Oracle in the fourth quarter worth approximately $29,000. Finally, Frank Rimerman Advisors LLC bought a new stake in Oracle in the fourth quarter worth approximately $30,000. 42.44% of the stock is currently owned by institutional investors.

Insider Activity at Oracle

In other Oracle news, Director George H. Conrades sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. In other Oracle news, Director George H. Conrades sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction that occurred on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Insiders sold 385,639 shares of company stock worth $53,002,729 in the last ninety days. 42.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of research analyst reports. Sanford C. Bernstein boosted their price objective on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Bank of America boosted their price objective on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. HSBC boosted their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Morgan Stanley restated an “equal weight” rating and set a $125.00 price objective on shares of Oracle in a report on Tuesday, June 25th. Finally, Mizuho boosted their price objective on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Price Performance

NYSE ORCL traded down $4.37 during trading on Tuesday, reaching $140.66. The company’s stock had a trading volume of 14,334,453 shares, compared to its average volume of 8,662,155. The stock has a market capitalization of $387.64 billion, a PE ratio of 37.91, a P/E/G ratio of 2.63 and a beta of 1.02. 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 firm has a fifty day moving average of $129.20 and a 200 day moving average of $120.12. Oracle Co. has a one year low of $99.26 and a one year high of $145.79.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The firm had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 earnings per share. Analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is presently 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.