Oracle Co. (NYSE:ORCL) Shares Purchased by Total Clarity Wealth Management Inc.

Total Clarity Wealth Management Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 8.9% in the 2nd quarter, HoldingsChannel.com reports. The fund owned 3,683 shares of the enterprise software provider’s stock after purchasing an additional 301 shares during the period. Total Clarity Wealth Management Inc.’s holdings in Oracle were worth $520,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Westend Capital Management LLC purchased a new stake in Oracle in the 1st quarter valued at $25,000. Tidemark LLC acquired a new position in Oracle in the fourth quarter valued at $29,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle in the fourth quarter valued at about $30,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle in the second quarter valued at about $30,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle during the second quarter worth about $35,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $170.37 on Tuesday. The stock has a market cap of $472.09 billion, a price-to-earnings ratio of 45.92, a PEG ratio of 2.95 and a beta of 1.01. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $173.99. The company’s 50-day moving average price is $140.35 and its 200 day moving average price is $130.57. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the prior year, the firm earned $0.95 earnings per share. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, research analysts forecast that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders 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 0.94%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Insider Activity

In related news, 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 transaction of $2,068,350.00. Following the completion of 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 document filed with the SEC, which is available at the SEC website. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred 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 sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock worth $266,776,624 over the last three months. 42.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

Several analysts have commented on the company. Barclays upped their price objective on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Mizuho boosted their target price on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Morgan Stanley increased their price target on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. Argus boosted their price objective on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Finally, Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Eleven analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average target price of $163.88.

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.