Oracle Co. (NYSE:ORCL) Shares Bought by Goldstone Financial Group LLC

Goldstone Financial Group LLC raised its position in Oracle Co. (NYSE:ORCL) by 2.8% during the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 5,623 shares of the enterprise software provider’s stock after purchasing an additional 151 shares during the quarter. Goldstone Financial Group LLC’s holdings in Oracle were worth $786,000 as of its most recent filing with the Securities and Exchange Commission.

Several other large investors also recently made changes to their positions in ORCL. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. Hurley Capital LLC acquired a new position in shares of Oracle during the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle during the fourth quarter valued at approximately $34,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle during the fourth quarter valued at approximately $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Oracle during the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’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 transaction of $76,168,000.00. Following the completion of the sale, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the business’s stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock worth $80,183,723 over the last three months. 42.20% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of research analysts recently commented on ORCL shares. Bank of America raised their price objective on shares of Oracle from $156.00 to $220.00 and gave the company a “neutral” rating in a research note on Thursday. Citigroup raised their price objective on shares of Oracle from $160.00 to $186.00 and gave the company a “neutral” rating in a research note on Monday, June 9th. Mizuho decreased their price target on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley restated a “positive” rating on shares of Oracle in a research report on Monday. Finally, JMP Securities lifted their price target on shares of Oracle from $205.00 to $240.00 and gave the stock a “market outperform” rating in a research report on Thursday. Twelve research analysts have rated the stock with a hold rating, nineteen have issued a buy rating and one has assigned a strong buy rating to the company. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $194.32.

Oracle Trading Up 7.8%

NYSE:ORCL opened at $215.54 on Friday. The company has a 50-day moving average price of $152.88 and a 200-day moving average price of $160.62. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $216.60. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market cap of $602.86 billion, a price-to-earnings ratio of 52.70, a P/E/G ratio of 3.46 and a beta of 1.32.

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

Oracle Announces Dividend

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

About Oracle

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.