Stonebridge Financial Planning Group LLC Purchases 323 Shares of Oracle Co. (NYSE:ORCL)

Stonebridge Financial Planning Group LLC increased its position in Oracle Co. (NYSE:ORCL) by 6.5% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,323 shares of the enterprise software provider’s stock after purchasing an additional 323 shares during the period. Stonebridge Financial Planning Group LLC’s holdings in Oracle were worth $752,000 at the end of the most recent reporting period.

Other hedge funds also recently bought and sold shares of the company. Werlinich Asset Management LLC increased its holdings in Oracle by 3.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after acquiring an additional 70 shares in the last quarter. RFP Financial Group LLC increased its holdings in Oracle by 2.7% in the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after acquiring an additional 75 shares in the last quarter. ERn Financial LLC increased its holdings in Oracle by 0.6% in the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after acquiring an additional 80 shares in the last quarter. Key Financial Inc increased its holdings in Oracle by 1.2% in the 2nd quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock worth $932,000 after acquiring an additional 80 shares in the last quarter. Finally, Abich Financial Wealth Management LLC increased its holdings in Oracle by 18.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock worth $67,000 after acquiring an additional 81 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. DA Davidson increased their target price on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a report on Tuesday. Guggenheim reissued a “buy” rating and issued a $175.00 target price on shares of Oracle in a report on Tuesday, June 25th. Citigroup upped their price target on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research note on Wednesday. Deutsche Bank Aktiengesellschaft upped their price target on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Finally, BMO Capital Markets lifted their price objective on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research note on Tuesday. Eleven equities research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $158.68.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’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 completion of the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on 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 owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction that occurred on 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 completion of the sale, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is owned by corporate insiders.

Oracle Stock Performance

ORCL stock opened at $161.36 on Friday. The company has a market capitalization of $447.12 billion, a P/E ratio of 43.49, a PEG ratio of 2.89 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business has a 50-day moving average price of $139.50 and a 200 day moving average price of $129.55. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $162.34.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The firm’s revenue was up 6.9% on a year-over-year basis. During the same period in the previous year, the company posted $0.95 earnings per share. As a group, equities research analysts forecast that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.99%. Oracle’s dividend payout ratio is presently 43.13%.

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.