Oracle Co. (NYSE:ORCL) Shares Bought by Focus Financial Network Inc.

Focus Financial Network Inc. grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 21.7% in the second quarter, according to its most recent filing with the SEC. The firm owned 10,290 shares of the enterprise software provider’s stock after acquiring an additional 1,835 shares during the quarter. Focus Financial Network Inc.’s holdings in Oracle were worth $1,433,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also modified their holdings of ORCL. Westend Capital Management LLC acquired a new position in shares of Oracle during the 1st quarter valued at $25,000. Tidemark LLC acquired a new stake in shares of Oracle in the fourth quarter valued at $29,000. Nordwand Advisors LLC bought a new position in Oracle during the fourth quarter valued at about $30,000. Frank Rimerman Advisors LLC acquired a new position in Oracle during the fourth quarter worth about $30,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in Oracle in the 2nd quarter valued at about $35,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 0.5 %

Shares of ORCL stock traded up $0.73 on Wednesday, hitting $139.90. The company’s stock had a trading volume of 1,247,574 shares, compared to its average volume of 8,187,721. 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 $385.54 billion, a price-to-earnings ratio of 37.59, a P/E/G ratio of 2.45 and a beta of 1.02. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59. The firm’s fifty day moving average price is $138.96 and its 200-day moving average price is $126.21.

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 analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the firm earned $1.35 EPS. Oracle’s quarterly revenue was up 3.3% on a year-over-year basis. Research analysts anticipate that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s payout ratio is 43.13%.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the stock. JPMorgan Chase & Co. lifted their price objective on shares of Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. TD Cowen upped their price target on Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. UBS Group increased their price objective on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Morgan Stanley restated an “equal weight” rating and issued a $125.00 target price on shares of Oracle in a report on Tuesday, June 25th. Finally, StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Insider Buying and Selling

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In other news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, 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 completion of the sale, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. In the last three months, insiders sold 1,862,500 shares of company stock valued at $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.