Allworth Financial LP Has $1.58 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Allworth Financial LP lifted its position in shares of Oracle Co. (NYSE:ORCLGet Rating) by 19.0% during the 2nd quarter, Holdings Channel reports. The firm owned 22,659 shares of the enterprise software provider’s stock after purchasing an additional 3,610 shares during the quarter. Allworth Financial LP’s holdings in Oracle were worth $1,583,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors also recently modified their holdings of the company. Ferguson Wellman Capital Management Inc. boosted its holdings in shares of Oracle by 2.6% during the 1st quarter. Ferguson Wellman Capital Management Inc. now owns 5,041 shares of the enterprise software provider’s stock worth $417,000 after buying an additional 126 shares during the period. Dividend Assets Capital LLC boosted its holdings in Oracle by 14.0% in the 1st quarter. Dividend Assets Capital LLC now owns 1,125 shares of the enterprise software provider’s stock valued at $93,000 after purchasing an additional 138 shares during the period. Financial Management Professionals Inc. boosted its holdings in Oracle by 7.1% in the 1st quarter. Financial Management Professionals Inc. now owns 2,145 shares of the enterprise software provider’s stock valued at $177,000 after purchasing an additional 143 shares during the period. Crewe Advisors LLC boosted its holdings in Oracle by 4.9% in the 1st quarter. Crewe Advisors LLC now owns 3,189 shares of the enterprise software provider’s stock valued at $264,000 after purchasing an additional 150 shares during the period. Finally, 1900 Wealth Management LLC boosted its holdings in Oracle by 0.9% in the 1st quarter. 1900 Wealth Management LLC now owns 16,541 shares of the enterprise software provider’s stock valued at $1,368,000 after purchasing an additional 150 shares during the period. 41.92% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Performance

Shares of NYSE ORCL opened at $66.03 on Friday. Oracle Co. has a 52-week low of $63.76 and a 52-week high of $106.34. The firm has a 50 day moving average price of $74.89 and a two-hundred day moving average price of $74.58. The stock has a market cap of $177.99 billion, a P/E ratio of 31.44, a price-to-earnings-growth ratio of 2.06 and a beta of 0.87.

Oracle (NYSE:ORCLGet Rating) last announced its quarterly earnings results on Monday, September 12th. The enterprise software provider reported $0.81 earnings per share (EPS) for the quarter, missing the consensus estimate of $0.88 by ($0.07). Oracle had a net margin of 13.15% and a negative return on equity of 161.07%. The business had revenue of $11.45 billion during the quarter, compared to analyst estimates of $11.44 billion. During the same quarter last year, the company posted $0.87 earnings per share. The company’s revenue was up 17.7% compared to the same quarter last year. Analysts predict that Oracle Co. will post 4.13 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, October 25th. Shareholders of record on Wednesday, October 12th will be given a $0.32 dividend. This represents a $1.28 annualized dividend and a yield of 1.94%. The ex-dividend date of this dividend is Tuesday, October 11th. Oracle’s dividend payout ratio (DPR) is currently 60.95%.

Insider Buying and Selling at Oracle

In other Oracle news, insider Edward Screven sold 419,174 shares of the company’s stock in a transaction that occurred on Wednesday, June 29th. The shares were sold at an average price of $69.22, for a total value of $29,015,224.28. Following the completion of the transaction, the insider now directly owns 2,492,613 shares in the company, valued at approximately $172,538,671.86. The sale was disclosed in a filing with the SEC, which is available at this hyperlink. Corporate insiders own 39.10% of the company’s stock.

Analyst Ratings Changes

ORCL has been the subject of a number of recent research reports. BNP Paribas raised shares of Oracle from a “neutral” rating to an “outperform” rating and set a $90.00 price objective for the company in a report on Wednesday, June 29th. Jefferies Financial Group set a $80.00 price objective on shares of Oracle in a report on Tuesday, September 13th. Stifel Nicolaus cut their price objective on shares of Oracle from $83.00 to $72.00 in a report on Tuesday, June 14th. Daiwa Capital Markets cut their price objective on shares of Oracle from $87.00 to $70.00 and set a “neutral” rating for the company in a report on Monday, June 27th. Finally, Guggenheim assumed coverage on shares of Oracle in a research report on Friday, August 12th. They issued a “buy” rating and a $107.00 target price for the company. One investment analyst has rated the stock with a sell rating, sixteen have assigned a hold rating and eleven have assigned a buy rating to the company. According to data from MarketBeat.com, the stock currently has an average rating of “Hold” and an average target price of $88.67.

About Oracle

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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 Advertising, and NetSuite applications suite, as well as Oracle Fusion Sales, Service, and Marketing.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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