Angeles Wealth Management LLC Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Angeles Wealth Management LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 44.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 5,061 shares of the enterprise software provider’s stock after acquiring an additional 1,551 shares during the period. Angeles Wealth Management LLC’s holdings in Oracle were worth $715,000 as of its most recent SEC filing.

A number of other institutional investors have also recently made changes to their positions in ORCL. International Assets Investment Management LLC grew its position in Oracle by 153.3% in the 4th quarter. International Assets Investment Management LLC now owns 11,947 shares of the enterprise software provider’s stock worth $1,260,000 after purchasing an additional 7,230 shares during the period. Brio Consultants LLC lifted its stake in shares of Oracle by 4.1% in the 4th quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after purchasing an additional 117 shares during the period. Precision Wealth Strategies LLC boosted its holdings in shares of Oracle by 4.1% in the fourth quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock worth $417,000 after buying an additional 155 shares during the last quarter. Gilbert & Cook Inc. bought a new stake in Oracle during the fourth quarter valued at about $359,000. Finally, Aveo Capital Partners LLC bought a new stake in Oracle during the 4th quarter valued at approximately $290,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $155.82 on Wednesday. The company has a market capitalization of $429.42 billion, a PE ratio of 42.00, a price-to-earnings-growth ratio of 2.56 and a beta of 1.01. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $160.52. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The stock’s fifty day moving average is $138.90 and its two-hundred day moving average is $129.13.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the firm posted $0.95 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts expect that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. Oracle’s payout ratio is 43.13%.

Analyst Ratings Changes

Several equities research analysts have recently issued reports on ORCL shares. Deutsche Bank Aktiengesellschaft lifted their target price on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Bank of America lifted their price objective on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research note on Tuesday. Argus increased their target price on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Stifel Nicolaus upped their price target on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research note on Tuesday. Finally, StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Tuesday. Twelve analysts have rated the stock with a hold rating and nineteen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $157.52.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction 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 transaction, the insider now directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Oracle news, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly 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 can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the business’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 completion of the sale, the director now 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. Over the last quarter, insiders 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.