Alpha Financial Partners LLC Has $276,000 Stake in Oracle Co. (NYSE:ORCL)

Alpha Financial Partners LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 6.2% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 1,954 shares of the enterprise software provider’s stock after purchasing an additional 114 shares during the quarter. Alpha Financial Partners LLC’s holdings in Oracle were worth $276,000 as of its most recent filing with the SEC.

Other large investors also recently made changes to their positions in the company. Brio Consultants LLC raised its position in Oracle by 4.1% in the 4th quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after purchasing an additional 117 shares during the last quarter. Precision Wealth Strategies LLC increased its stake in shares of Oracle by 4.1% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock valued at $417,000 after buying an additional 155 shares during the period. Gilbert & Cook Inc. bought a new stake in shares of Oracle during the fourth quarter worth $359,000. Aveo Capital Partners LLC acquired a new position in shares of Oracle during the fourth quarter valued at $290,000. Finally, 9258 Wealth Management LLC boosted its holdings in Oracle by 0.6% in the fourth quarter. 9258 Wealth Management LLC now owns 90,285 shares of the enterprise software provider’s stock valued at $9,519,000 after acquiring an additional 560 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle 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 transaction of $3,220,200.00. Following the completion of the transaction, the director now owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction that occurred on 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 of the company’s stock, valued at $30,157,101.44. The disclosure for this sale can be found here. In the last quarter, insiders have sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several analysts have weighed in on the company. UBS Group boosted their price objective on Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday, September 10th. JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Tuesday, September 10th. Piper Sandler increased their price objective on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. DA Davidson raised their price objective on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research note on Tuesday, September 10th. Finally, Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research report on Monday. Eleven equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average target price of $163.88.

Oracle Stock Performance

Shares of ORCL stock opened at $170.37 on Tuesday. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $173.99. The company’s 50 day moving average price is $140.35 and its two-hundred day moving average price is $130.57. The company has a market capitalization of $472.09 billion, a P/E ratio of 45.92, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analysts’ expectations 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% compared to the same quarter last year. During the same period in the previous year, the firm posted $0.95 EPS. On average, analysts expect that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.94%. Oracle’s payout ratio is presently 43.13%.

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.