1,973 Shares in Oracle Co. (NYSE:ORCL) Bought by Financial Partners Group LLC

Financial Partners Group LLC bought a new position in Oracle Co. (NYSE:ORCL) in the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 1,973 shares of the enterprise software provider’s stock, valued at approximately $248,000.

Other large investors have also recently added to or reduced their stakes in the company. Vanguard Group Inc. raised its position in Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after buying an additional 7,883,515 shares during the last quarter. Capital World Investors grew its stake in shares of Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after acquiring an additional 3,323,334 shares in the last quarter. Parnassus Investments LLC raised its holdings in shares of Oracle by 17.7% in the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after purchasing an additional 2,191,342 shares during the last quarter. Putnam Investments LLC lifted its position in shares of Oracle by 6.0% in the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock worth $1,300,941,000 after purchasing an additional 697,961 shares in the last quarter. Finally, Charles Schwab Investment Management Inc. boosted its holdings in Oracle by 1.7% during the fourth quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock worth $1,223,775,000 after purchasing an additional 204,546 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, 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 value of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction that occurred on 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 sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, 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 transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders sold 385,639 shares of company stock valued at $53,002,729 over the last quarter. 42.80% of the stock is owned by company insiders.

Oracle Stock Performance

Oracle stock traded up $1.02 during midday trading on Friday, hitting $141.20. The company’s stock had a trading volume of 25,814,821 shares, compared to its average volume of 11,264,646. The company has a 50-day moving average price of $125.24 and a two-hundred day moving average price of $118.19. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $145.32. The company has a market cap of $389.13 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.56 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several analyst reports. JMP Securities reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Mizuho increased their price target on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Guggenheim restated a “buy” rating and issued a $175.00 price target on shares of Oracle in a research note on Tuesday, June 25th. KeyCorp upped their price objective on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Finally, Piper Sandler raised their target price on shares of Oracle from $140.00 to $150.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

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.