Objective Capital Management LLC Purchases New Shares in Oracle Co. (NYSE:ORCL)

Objective Capital Management LLC purchased a new position in Oracle Co. (NYSE:ORCL) in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The firm purchased 1,976 shares of the enterprise software provider’s stock, valued at approximately $248,000.

Other large investors also recently bought and sold shares of the company. Westend Capital Management LLC purchased a new stake in Oracle during the 1st quarter valued at about $25,000. Tidemark LLC purchased a new stake in shares of Oracle during the fourth quarter valued at approximately $29,000. Nordwand Advisors LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $30,000. Frank Rimerman Advisors LLC purchased a new position in Oracle in the 4th quarter worth approximately $30,000. Finally, Alaska Permanent Fund Corp bought a new position in Oracle in the 1st quarter valued at approximately $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research analysts have recently weighed in on the company. KeyCorp boosted their price target on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft raised their price target on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 17th. Citigroup decreased their price objective 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. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Finally, UBS Group boosted their target price on shares of Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction 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 owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction 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 owns 58,090 shares in the company, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold 1,907,500 shares of company stock valued at $272,074,924 in the last ninety days. Corporate insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of Oracle stock traded down $4.23 on Friday, hitting $133.28. 8,251,585 shares of the company traded hands, compared to its average volume of 7,048,810. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $146.59. The business has a 50-day simple moving average of $136.33 and a 200 day simple moving average of $124.26. 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 stock has a market capitalization of $367.30 billion, a P/E ratio of 35.92, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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 company had revenue of $14.29 billion during 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%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.35 earnings per share. 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 disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.20%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s payout ratio is 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.