Oracle Co. (NYSE:ORCL) Stock Position Increased by Weaver Consulting Group

Weaver Consulting Group grew its position in Oracle Co. (NYSE:ORCL) by 4.2% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 2,509 shares of the enterprise software provider’s stock after purchasing an additional 101 shares during the period. Weaver Consulting Group’s holdings in Oracle were worth $315,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. Orion Capital Management LLC bought a new stake in Oracle during the 3rd quarter valued at $25,000. Westend Capital Management LLC bought a new stake in shares of Oracle during the first quarter valued at about $25,000. Spartan Planning & Wealth Management acquired a new stake in Oracle in the third quarter worth about $27,000. Tidemark LLC bought a new position in Oracle in the 4th quarter valued at about $29,000. Finally, Nordwand Advisors LLC acquired a new position in Oracle during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now owns 17,836 shares in the company, valued at $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction dated Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. Insiders have sold a total of 385,639 shares of company stock worth $53,002,729 in the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

Several research firms have recently issued reports on ORCL. TD Cowen increased their price objective on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Stifel Nicolaus lifted their price target on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Sanford C. Bernstein boosted their price objective on Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. Citigroup decreased their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. Finally, KeyCorp boosted their price target on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Stock Performance

Shares of NYSE ORCL traded up $1.02 during trading hours on Friday, reaching $141.20. The stock had a trading volume of 25,814,821 shares, compared to its average volume of 11,264,646. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $145.32. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The business’s fifty day moving average is $125.24 and its two-hundred day moving average is $117.96. The company has a market cap of $389.13 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.54 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the company posted $1.35 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, research analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Oracle’s dividend payout ratio is 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.