Werba Rubin Papier Wealth Management Buys 391 Shares of Oracle Co. (NYSE:ORCL)

Werba Rubin Papier Wealth Management boosted its stake in Oracle Co. (NYSE:ORCL) by 14.9% during the second quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,016 shares of the enterprise software provider’s stock after purchasing an additional 391 shares during the period. Werba Rubin Papier Wealth Management’s holdings in Oracle were worth $426,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the stock. Westend Capital Management LLC purchased a new stake in shares of Oracle during the first quarter worth about $25,000. Tidemark LLC purchased a new stake in Oracle in the 4th quarter worth approximately $29,000. Nordwand Advisors LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $30,000. Frank Rimerman Advisors LLC purchased a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. Finally, POM Investment Strategies LLC bought a new position in shares of Oracle during the second quarter valued at approximately $30,000. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

A number of research analysts have issued reports on the stock. Guggenheim reissued a “buy” rating and set a $175.00 price objective on shares of Oracle in a research report on Tuesday, June 25th. TD Cowen boosted their price target on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. JMP Securities reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. Finally, Citigroup lowered their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. Fourteen research analysts have rated the stock with a hold rating and sixteen have given a buy rating to the company. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $145.87.

Insiders Place Their Bets

In related 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 transaction 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, 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 value of $2,068,350.00. Following the completion of the transaction, the director now directly 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 1,862,500 shares of company stock valued at $266,776,624 over the last ninety days. 42.80% of the stock is owned by insiders.

Oracle Price Performance

Shares of Oracle stock traded down $0.80 during trading on Friday, reaching $141.81. 11,154,796 shares of the stock traded hands, compared to its average volume of 8,056,655. 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 company has a market capitalization of $390.81 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 2.55 and a beta of 1.01. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The business has a fifty day simple moving average of $138.72 and a two-hundred day simple moving average of $128.47.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the company earned $1.35 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. Sell-side analysts expect that Oracle Co. will post 5.02 EPS 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 given a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.13%. Oracle’s dividend payout ratio is currently 43.13%.

Oracle Company 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.