Financial Security Advisor Inc. Buys 1,017 Shares of Oracle Co. (NYSE:ORCL)

Financial Security Advisor Inc. lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 13.3% during the 1st quarter, HoldingsChannel reports. The firm owned 8,643 shares of the enterprise software provider’s stock after acquiring an additional 1,017 shares during the period. Financial Security Advisor Inc.’s holdings in Oracle were worth $1,086,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently added to or reduced their stakes in ORCL. Norges Bank bought a new stake in shares of Oracle in the 4th quarter worth $1,210,181,000. Wellington Management Group LLP grew its stake in shares of Oracle by 9,299.3% in the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after acquiring an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. grew its stake in shares of Oracle by 5.7% in the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares in the last quarter. Boston Partners grew its stake in shares of Oracle by 382.4% in the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after acquiring an additional 3,617,413 shares in the last quarter. Finally, Capital World Investors grew its position in Oracle by 22.1% during the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after buying an additional 3,323,334 shares during the period. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the subject of several research reports. Stifel Nicolaus increased their price target on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Argus upped their price objective on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Bank of America upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, The Goldman Sachs Group increased their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Up 0.1 %

Oracle stock traded up $0.18 on Tuesday, hitting $143.27. 5,919,811 shares of the stock traded hands, compared to its average volume of 8,684,125. The business’s fifty day simple moving average is $125.81 and its 200 day simple moving average is $118.49. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm has a market cap of $394.83 billion, a P/E ratio of 38.58, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $145.32.

Oracle (NYSE:ORCL) last posted its quarterly 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 during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the prior year, the firm earned $1.35 EPS. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. As a group, sell-side analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a dividend of $0.40 per share. 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 1.12%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Activity at Oracle

In related news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the sale, the director now owns 87,473 shares in the company, valued at approximately $10,299,071.02. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, Director George H. Conrades sold 20,000 shares of the stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. In the last ninety days, insiders sold 385,639 shares of company stock worth $53,002,729. 42.80% of the stock is owned by company insiders.

About Oracle

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.