Kooman & Associates Purchases New Position in Oracle Co. (NYSE:ORCL)

Kooman & Associates purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund purchased 1,558 shares of the enterprise software provider’s stock, valued at approximately $220,000.

A number of other hedge funds also recently bought and sold shares of ORCL. Contour Asset Management LLC boosted its position in shares of Oracle by 41.5% in the 4th quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock worth $231,203,000 after purchasing an additional 643,490 shares in the last quarter. Hancock Whitney Corp lifted its position in Oracle by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after acquiring an additional 3,291 shares in the last quarter. Heritage Wealth Advisors lifted its position in Oracle by 0.6% in the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after acquiring an additional 109 shares in the last quarter. Seven Mile Advisory lifted its position in Oracle by 10.6% in the 4th quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock valued at $552,000 after acquiring an additional 502 shares in the last quarter. Finally, Goelzer Investment Management Inc. lifted its position in Oracle by 25.0% in the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after acquiring an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently issued reports on ORCL. Mizuho upped their price objective on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Oppenheimer reaffirmed a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Melius Research upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Monday. Guggenheim boosted their target price on shares of Oracle from $185.00 to $200.00 and gave the company a “buy” rating in a research note on Friday, September 13th. Finally, Evercore ISI boosted their target price on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $163.88.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of the firm’s stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The sale was disclosed in a filing with the SEC, which is accessible through this hyperlink. In related news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at $7,076,685. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred 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 in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,868,820 shares of company stock valued at $267,819,424 over the last 90 days. Insiders own 42.80% of the company’s stock.

Oracle Trading Down 1.7 %

Shares of ORCL stock opened at $167.47 on Wednesday. The stock has a fifty day simple moving average of $140.89 and a two-hundred day simple moving average of $130.95. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $173.99. The firm has a market capitalization of $464.05 billion, a PE ratio of 45.14, a PEG ratio of 2.95 and a beta of 1.01. 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 (NYSE:ORCL) last released 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter in the prior year, the firm earned $0.95 EPS. The business’s revenue was up 6.9% on a year-over-year basis. On average, analysts predict that Oracle Co. will post 5.06 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 0.96%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is currently 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.