Sax Wealth Advisors LLC Purchases 763 Shares of Oracle Co. (NYSE:ORCL)

Sax Wealth Advisors LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 40.6% in the second quarter, according to its most recent disclosure with the SEC. The firm owned 2,641 shares of the enterprise software provider’s stock after purchasing an additional 763 shares during the period. Sax Wealth Advisors LLC’s holdings in Oracle were worth $373,000 as of its most recent filing with the SEC.

Other institutional investors have also recently bought and sold shares of the company. Contour Asset Management LLC boosted its holdings in shares of Oracle by 41.5% during the 4th quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock worth $231,203,000 after buying an additional 643,490 shares during the period. Sandy Spring Bank increased its stake in shares of Oracle by 1.4% during the fourth quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after purchasing an additional 1,107 shares during the period. Hancock Whitney Corp increased its stake in shares of Oracle by 12.7% during the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after purchasing an additional 3,291 shares during the period. Heritage Wealth Advisors lifted its holdings in Oracle by 0.6% during the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after purchasing an additional 109 shares during the last quarter. Finally, Seven Mile Advisory grew its holdings in Oracle by 10.6% in the 4th quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock valued at $552,000 after buying an additional 502 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several research analysts have recently commented on the stock. Argus raised their target price on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. Citigroup cut their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. UBS Group raised their price target on Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Finally, Sanford C. Bernstein upped their price objective on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average target price of $145.83.

Oracle Trading Up 2.4 %

ORCL traded up $3.10 during trading on Friday, hitting $132.06. The company’s stock had a trading volume of 5,597,278 shares, compared to its average volume of 8,406,326. The firm has a market capitalization of $363.94 billion, a P/E ratio of 35.60, a PEG ratio of 2.49 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59. 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 price is $137.08 and its 200-day moving average price is $125.06.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the company posted $1.35 EPS. The firm’s revenue was up 3.3% on a year-over-year basis. Analysts anticipate that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.21%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio is 43.13%.

Insider Activity

In other news, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the transaction, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. In other Oracle news, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the transaction, the director now directly owns 210,712 shares in the company, valued at $30,157,101.44. The transaction was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred 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 in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last quarter. 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.