Great Lakes Retirement Inc. Acquires 15,288 Shares of Oracle Co. (NYSE:ORCL)

Great Lakes Retirement Inc. grew its holdings in Oracle Co. (NYSE:ORCL) by 112.0% during the 1st quarter, HoldingsChannel reports. The firm owned 28,939 shares of the enterprise software provider’s stock after purchasing an additional 15,288 shares during the quarter. Great Lakes Retirement Inc.’s holdings in Oracle were worth $4,046,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors also recently modified their holdings of ORCL. Capital & Planning LLC increased its stake in shares of Oracle by 0.5% in the 4th quarter. Capital & Planning LLC now owns 15,727 shares of the enterprise software provider’s stock valued at $2,621,000 after purchasing an additional 81 shares during the last quarter. Brighton Jones LLC grew its position in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider’s stock worth $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Union Bancaire Privee UBP SA bought a new stake in Oracle during the 4th quarter worth $51,084,000. Revolve Wealth Partners LLC grew its position in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider’s stock worth $903,000 after acquiring an additional 404 shares during the last quarter. Finally, WealthPLAN Partners LLC grew its position in Oracle by 22.0% during the 4th quarter. WealthPLAN Partners LLC now owns 3,843 shares of the enterprise software provider’s stock worth $640,000 after acquiring an additional 693 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 427,366 shares of company stock valued at $80,183,723 over the last three months. Corporate insiders own 42.20% of the company’s stock.

Oracle Stock Performance

ORCL stock opened at $215.54 on Monday. The firm has a market cap of $602.86 billion, a PE ratio of 52.70, a P/E/G ratio of 3.46 and a beta of 1.32. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The business has a 50 day moving average of $152.88 and a 200-day moving average of $160.31. Oracle Co. has a 12-month low of $118.86 and a 12-month high of $216.98.

Oracle (NYSE:ORCL) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the company posted $1.63 earnings per share. As a group, sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. The ex-dividend date is Thursday, July 10th. Oracle’s dividend payout ratio is presently 46.08%.

Analyst Ratings Changes

ORCL has been the topic of a number of research reports. Westpark Capital boosted their price objective on Oracle from $195.00 to $246.00 and gave the stock a “buy” rating in a research report on Thursday. Morgan Stanley restated a “positive” rating on shares of Oracle in a research report on Monday, June 9th. UBS Group boosted their price objective on Oracle from $200.00 to $225.00 and gave the stock a “buy” rating in a research report on Thursday. KeyCorp lifted their target price on Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday. Finally, Bank of America lifted their target price on Oracle from $156.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday. Twelve analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has given a strong buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average target price of $194.32.

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.