Clay Northam Wealth Management LLC Buys Shares of 1,587 Oracle Co. (NYSE:ORCL)

Clay Northam Wealth Management LLC purchased a new stake in Oracle Co. (NYSE:ORCL) in the second quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor purchased 1,587 shares of the enterprise software provider’s stock, valued at approximately $224,000.

Other large investors have also made changes to their positions in the company. Vanguard Group Inc. increased its position in shares of Oracle by 1.0% during the first quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider’s stock worth $18,993,977,000 after purchasing an additional 1,514,569 shares in the last quarter. Capital World Investors increased its position in shares of Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider’s stock worth $2,319,604,000 after purchasing an additional 82,551 shares in the last quarter. Parnassus Investments LLC increased its position in shares of Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after purchasing an additional 2,191,342 shares in the last quarter. Janus Henderson Group PLC increased its position in shares of Oracle by 148.8% during the first quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares in the last quarter. Finally, Putnam Investments LLC increased its position in shares of Oracle by 6.0% during the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock worth $1,300,941,000 after purchasing an additional 697,961 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

ORCL stock traded up $0.54 during mid-day trading on Friday, hitting $137.47. The stock had a trading volume of 4,893,787 shares, compared to its average volume of 6,503,547. The firm has a fifty day simple moving average of $138.39 and a 200 day simple moving average of $125.89. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $146.59. 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 $378.85 billion, a P/E ratio of 37.05, a P/E/G ratio of 2.45 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its 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). The company had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the previous year, the firm earned $1.35 EPS. As a group, research analysts forecast that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given 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 payout ratio is 43.13%.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Oracle news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,862,500 shares of company stock valued at $266,776,624. Corporate insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several recent analyst reports. Citigroup lowered their price target on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. Bank of America upped their price target on Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. KeyCorp upped their price target on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. Mizuho upped their target price on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.83.

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.