Oracle Co. (NYSE:ORCL) Shares Purchased by FAS Wealth Partners Inc.

FAS Wealth Partners Inc. raised its position in shares of Oracle Co. (NYSE:ORCL) by 18.1% during the 2nd quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 3,936 shares of the enterprise software provider’s stock after buying an additional 604 shares during the quarter. FAS Wealth Partners Inc.’s holdings in Oracle were worth $556,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Norges Bank acquired a new stake in shares of Oracle during the 4th quarter worth approximately $1,210,181,000. Janus Henderson Group PLC raised its position in shares of Oracle by 148.8% during the 1st 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 during the period. Boston Partners raised its position in shares of Oracle by 382.4% during the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after purchasing an additional 3,617,413 shares during the period. Capital World Investors raised its position in shares of Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after purchasing an additional 3,323,334 shares during the period. Finally, PineStone Asset Management Inc. raised its position in shares of Oracle by 131.2% during the 2nd quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after purchasing an additional 2,219,450 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In other 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 value 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 sale was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Jeffrey Berg sold 22,500 shares of Oracle stock in a transaction dated 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 sale, 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 document filed with the SEC, which can be accessed through this link. Also, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is owned by insiders.

Wall Street Analyst Weigh In

A number of brokerages recently issued reports on ORCL. Evercore ISI increased their price objective on Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Morgan Stanley reissued an “equal weight” rating and issued a $125.00 price objective on shares of Oracle in a report on Tuesday, June 25th. Argus increased their price objective on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Bank of America increased their price objective on Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Finally, Stifel Nicolaus increased their price objective on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the company currently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Stock Up 1.1 %

Shares of NYSE:ORCL traded up $1.55 during midday trading on Thursday, hitting $139.43. 4,588,058 shares of the stock were exchanged, compared to its average volume of 8,052,760. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The business’s fifty day simple moving average is $138.65 and its two-hundred day simple moving average is $127.08. The company has a market capitalization of $384.25 billion, a PE ratio of 37.58, a P/E/G ratio of 2.49 and a beta of 1.02.

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

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.15%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

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.