1,504 Shares in Oracle Co. (NYSE:ORCL) Purchased by Bensler LLC

Bensler LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL) in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 1,504 shares of the enterprise software provider’s stock, valued at approximately $212,000.

Other large investors have also bought and sold shares of the company. Patriot Financial Group Insurance Agency LLC lifted its holdings in shares of Oracle by 11.9% during the second quarter. Patriot Financial Group Insurance Agency LLC now owns 17,711 shares of the enterprise software provider’s stock valued at $2,501,000 after purchasing an additional 1,883 shares in the last quarter. Atomi Financial Group Inc. lifted its stake in Oracle by 17.2% during the 2nd quarter. Atomi Financial Group Inc. now owns 14,992 shares of the enterprise software provider’s stock valued at $2,117,000 after acquiring an additional 2,195 shares during the period. Cambridge Investment Research Advisors Inc. grew its stake in shares of Oracle by 10.2% in the second quarter. Cambridge Investment Research Advisors Inc. now owns 231,437 shares of the enterprise software provider’s stock worth $32,679,000 after acquiring an additional 21,460 shares during the period. Granite Harbor Advisors Inc. purchased a new position in shares of Oracle during the second quarter valued at approximately $204,000. Finally, Dearborn Partners LLC boosted its holdings in Oracle by 4.3% in the second quarter. Dearborn Partners LLC now owns 2,484 shares of the enterprise software provider’s stock worth $351,000 after purchasing an additional 102 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

A number of equities research analysts have weighed in on ORCL shares. DA Davidson reiterated a “neutral” rating and set a $105.00 target price on shares of Oracle in a research note on Wednesday, June 12th. BMO Capital Markets raised their target price on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research report on Monday, June 17th. Stifel Nicolaus upped their price target on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Evercore ISI raised their price objective on shares of Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, Guggenheim reaffirmed a “buy” rating and set a $175.00 target price on shares of Oracle in a report on Tuesday, June 25th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle Trading Down 0.3 %

ORCL stock traded down $0.42 during midday trading on Tuesday, reaching $138.48. The company’s stock had a trading volume of 3,778,124 shares, compared to its average volume of 8,104,249. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $146.59. The firm has a market capitalization of $381.63 billion, a price-to-earnings ratio of 37.33, a PEG ratio of 2.49 and a beta of 1.02. The stock has a fifty day simple moving average of $138.90 and a two-hundred day simple moving average of $126.85. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

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 business had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the business posted $1.35 EPS. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared 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 1.16%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s payout ratio is presently 43.13%.

Insider Activity

In other news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction dated 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 transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other news, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the transaction, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, 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 value of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,862,500 shares of company stock worth $266,776,624. 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.