Embree Financial Group Has $347,000 Stake in Oracle Co. (NYSE:ORCL)

Embree Financial Group boosted its stake in Oracle Co. (NYSE:ORCL) by 11.6% in the first quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 2,762 shares of the enterprise software provider’s stock after buying an additional 287 shares during the quarter. Embree Financial Group’s holdings in Oracle were worth $347,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also bought and sold shares of ORCL. Norges Bank bought a new position in Oracle in the 4th quarter valued at $1,210,181,000. Wellington Management Group LLP grew its stake in 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 valued at $865,472,000 after purchasing an additional 8,084,067 shares during the period. Vanguard Group Inc. grew its stake 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 purchasing an additional 7,883,515 shares during the period. Boston Partners grew its stake in Oracle by 382.4% in the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after purchasing an additional 3,617,413 shares during the period. Finally, Capital World Investors grew its stake in Oracle by 22.1% in the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after purchasing an additional 3,323,334 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on the company. Deutsche Bank Aktiengesellschaft upped their price objective on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Evercore ISI upped their price objective on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. KeyCorp increased their price target on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. JMP Securities reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Finally, JPMorgan Chase & Co. increased their price target on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average price target of $145.83.

Oracle Trading Up 1.0 %

Shares of ORCL stock traded up $1.35 during trading hours on Wednesday, reaching $142.04. The company’s stock had a trading volume of 6,347,706 shares, compared to its average volume of 8,644,544. The stock has a market capitalization of $391.43 billion, a P/E ratio of 38.28, a P/E/G ratio of 2.63 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $145.79. The firm’s fifty day simple moving average is $129.75 and its 200 day simple moving average is $120.27. 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 quarterly 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 net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the firm earned $1.35 earnings per share. The company’s revenue for the quarter was up 3.3% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

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

Insider Activity at Oracle

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

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.