Apollon Wealth Management LLC Has $8.59 Million Position in Oracle Co. (NYSE:ORCL)

Apollon Wealth Management LLC trimmed its position in shares of Oracle Co. (NYSE:ORCL) by 0.8% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 60,836 shares of the enterprise software provider’s stock after selling 521 shares during the period. Apollon Wealth Management LLC’s holdings in Oracle were worth $8,590,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the company. Westend Capital Management LLC acquired a new position in Oracle during the first quarter valued at approximately $25,000. Tidemark LLC bought a new stake in Oracle during the 4th quarter valued at approximately $29,000. Nordwand Advisors LLC bought a new position in Oracle in the 4th quarter worth approximately $30,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Oracle in the fourth quarter worth $30,000. Finally, Bbjs Financial Advisors LLC acquired a new position in Oracle during the 2nd quarter valued at $35,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.3 %

Shares of ORCL traded up $0.45 during trading hours on Monday, hitting $137.92. 3,622,823 shares of the stock traded hands, compared to its average volume of 8,260,227. The business has a fifty day moving average of $138.39 and a 200-day moving average of $125.89. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm has a market capitalization of $380.09 billion, a PE ratio of 37.18, a price-to-earnings-growth ratio of 2.45 and a beta of 1.02. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59.

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

Oracle Announces Dividend

The firm also recently announced 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 1.16%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio is presently 43.13%.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ORCL shares. UBS Group increased their target price on shares of Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Sanford C. Bernstein lifted their price target on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. TD Cowen raised their price objective on shares of Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Bank of America raised their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Finally, Guggenheim reiterated a “buy” rating and issued a $175.00 price objective on shares of Oracle in a research note on Tuesday, June 25th. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and an average price target of $145.83.

Insider Buying and Selling at Oracle

In related news, Director Jeffrey Berg sold 22,500 shares of Oracle stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the sale, the director now directly owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The sale was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In other news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total transaction 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 approximately $30,157,101.44. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,862,500 shares of company stock worth $266,776,624. Insiders own 42.80% of the company’s stock.

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.