Oxford Wealth Group LLC Makes New $1.50 Million Investment in Oracle Co. (NYSE:ORCL)

Oxford Wealth Group LLC purchased a new position in Oracle Co. (NYSE:ORCL) in the 1st quarter, HoldingsChannel reports. The institutional investor purchased 11,929 shares of the enterprise software provider’s stock, valued at approximately $1,498,000. Oracle comprises approximately 1.4% of Oxford Wealth Group LLC’s investment portfolio, making the stock its 20th biggest position.

Several other large investors have also recently made changes to their positions in the stock. Vanguard Group Inc. raised its position in shares of Oracle by 1.0% in the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after acquiring an additional 1,514,569 shares in the last quarter. Capital World Investors raised its position in shares of Oracle by 0.4% in the 1st quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after acquiring an additional 82,551 shares in the last quarter. Parnassus Investments LLC increased its position in Oracle by 17.7% during the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after buying an additional 2,191,342 shares in the last quarter. Janus Henderson Group PLC increased its position in Oracle by 148.8% during the 1st 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. Finally, Putnam Investments LLC increased its position in Oracle by 6.0% during the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after buying an additional 697,961 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 1.9 %

Oracle stock traded down $2.67 during midday trading on Tuesday, reaching $135.64. The company’s stock had a trading volume of 6,504,164 shares, compared to its average volume of 8,452,332. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The company has a market cap of $373.80 billion, a P/E ratio of 36.56, a P/E/G ratio of 2.51 and a beta of 1.02. The business has a 50-day simple moving average of $135.56 and a 200-day simple moving average of $123.87.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on ORCL shares. Morgan Stanley reiterated an “equal weight” rating and set a $125.00 price target on shares of Oracle in a research report on Tuesday, June 25th. Guggenheim reiterated a “buy” rating and set a $175.00 price target on shares of Oracle in a research report on Tuesday, June 25th. KeyCorp increased their target price on Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft increased their target price on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction dated 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 sale, the director now 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 the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, 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 value of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,952,500 shares of company stock worth $277,298,174. Corporate insiders own 42.80% of the company’s stock.

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.