Marietta Wealth Management LLC Acquires Shares of 2,634 Oracle Co. (NYSE:ORCL)

Marietta Wealth Management LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL) in the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund acquired 2,634 shares of the enterprise software provider’s stock, valued at approximately $372,000.

Other institutional investors and hedge funds have also modified their holdings of the company. Contour Asset Management LLC increased its holdings in shares of Oracle by 41.5% in the 4th quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock worth $231,203,000 after purchasing an additional 643,490 shares in the last quarter. Hancock Whitney Corp increased its holdings in shares of Oracle by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after purchasing an additional 3,291 shares in the last quarter. Heritage Wealth Advisors increased its holdings in shares of Oracle by 0.6% in the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after purchasing an additional 109 shares in the last quarter. Seven Mile Advisory increased its holdings in shares of Oracle by 10.6% in the 4th quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock worth $552,000 after purchasing an additional 502 shares in the last quarter. Finally, Goelzer Investment Management Inc. grew its holdings in shares of Oracle by 25.0% in the first quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock worth $941,000 after acquiring an additional 1,500 shares during the period. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several brokerages recently commented on ORCL. UBS Group lifted their price objective on Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Piper Sandler reaffirmed an “overweight” rating and issued a $150.00 price objective on shares of Oracle in a report on Friday, July 12th. JPMorgan Chase & Co. lifted their price objective on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft lifted their price objective on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Finally, JMP Securities restated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle Price Performance

Shares of NYSE ORCL traded up $0.54 during midday trading on Friday, reaching $137.47. 4,893,787 shares of the stock traded hands, compared to its average volume of 8,289,465. 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 stock has a market capitalization of $378.85 billion, a PE ratio of 37.05, a P/E/G ratio of 2.39 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $146.59. The company’s 50 day moving average is $138.39 and its 200 day moving average is $125.79.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS 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 firm had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the company posted $1.35 earnings per share. The firm’s revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts anticipate that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a dividend of $0.40 per share. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.16%. Oracle’s payout ratio is presently 43.13%.

Insider Activity at Oracle

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The stock was 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 $8,010,030.10. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction 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 transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s 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 transaction, 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. In the last 90 days, insiders have sold 1,862,500 shares of company stock worth $266,776,624. Company insiders own 42.80% of the company’s stock.

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.