Strata Wealth Advisors LLC Buys Shares of 1,610 Oracle Co. (NYSE:ORCL)

Strata Wealth Advisors LLC bought a new stake in Oracle Co. (NYSE:ORCL) during the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm bought 1,610 shares of the enterprise software provider’s stock, valued at approximately $202,000.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in the business. Contour Asset Management LLC lifted 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 acquiring an additional 643,490 shares during the period. Sandy Spring Bank lifted its position in shares of Oracle by 1.4% during the 4th quarter. Sandy Spring Bank now owns 78,049 shares of the enterprise software provider’s stock worth $8,229,000 after buying an additional 1,107 shares during the period. Hancock Whitney Corp lifted its position in shares of Oracle by 12.7% during the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after buying an additional 3,291 shares during the period. LVM Capital Management Ltd. MI lifted its position in shares of Oracle by 3.5% during the 4th quarter. LVM Capital Management Ltd. MI now owns 5,986 shares of the enterprise software provider’s stock worth $631,000 after buying an additional 200 shares during the period. Finally, Heritage Wealth Advisors lifted its position in shares of Oracle by 0.6% during the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after buying an additional 109 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities analysts have issued reports on ORCL shares. Morgan Stanley reiterated an “equal weight” rating and issued a $125.00 price objective on shares of Oracle in a research report on Tuesday, June 25th. Citigroup lowered 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. Argus lifted their target price on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Sanford C. Bernstein lifted their target price on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Fourteen equities 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.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Stock Up 0.7 %

Shares of Oracle stock traded up $1.02 during trading 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. The company has a market capitalization of $389.13 billion, a price-to-earnings ratio of 38.06, a P/E/G ratio of 2.56 and a beta of 1.01. The stock has a fifty day moving average price of $125.24 and a two-hundred day moving average price of $118.19. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.32. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last released its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) 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 company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the company posted $1.35 EPS. The business’s revenue was up 3.3% on a year-over-year basis. Sell-side analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.13%. Oracle’s payout ratio is presently 43.13%.

Insider Buying and Selling

In other news, insider Edward Screven sold 37,221 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total value of $5,218,011.99. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $368,246,045.16. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other news, Director George H. Conrades sold 25,000 shares of the firm’s stock in a transaction that occurred on 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 completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, insider Edward Screven sold 37,221 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were sold at an average price of $140.19, for a total value of $5,218,011.99. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $368,246,045.16. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 385,639 shares of company stock worth $53,002,729. Corporate insiders own 42.80% of the company’s stock.

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.