CFO4Life Group LLC Invests $306,000 in Oracle Co. (NYSE:ORCL)

CFO4Life Group LLC acquired a new position in Oracle Co. (NYSE:ORCL) in the first quarter, Holdings Channel.com reports. The firm acquired 2,439 shares of the enterprise software provider’s stock, valued at approximately $306,000.

A number of other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Westend Capital Management LLC purchased a new stake in Oracle during the 1st quarter valued at about $25,000. Tidemark LLC bought a new position in Oracle during the 4th quarter valued at approximately $29,000. Nordwand Advisors LLC bought a new position in Oracle during the 4th quarter valued at approximately $30,000. Frank Rimerman Advisors LLC bought a new position in Oracle during the 4th quarter valued at approximately $30,000. Finally, Alaska Permanent Fund Corp bought a new position in Oracle during the 1st quarter valued at approximately $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Price Performance

NYSE:ORCL traded up $1.85 on Friday, reaching $144.61. 3,724,981 shares of the company’s stock traded hands, compared to its average volume of 8,582,039. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $145.79. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The stock has a 50-day simple moving average of $130.30 and a 200-day simple moving average of $120.43. The firm has a market cap of $398.52 billion, a PE ratio of 38.69, a P/E/G ratio of 2.58 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued 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 firm had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period last year, the firm posted $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 forecast 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 given a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.11%. Oracle’s dividend payout ratio is currently 43.13%.

Analyst Ratings Changes

A number of research analysts have commented on the company. BMO Capital Markets upped their price target on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research report on Monday, June 17th. Argus increased their target price on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Piper Sandler reissued an “overweight” rating and issued a $150.00 target price on shares of Oracle in a research report on Friday. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Finally, KeyCorp increased their target price on 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 issued a buy rating to the company. According to data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Buying and Selling

In related news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at $372,764,079.24. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. 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 completion of the sale, the director now owns 17,836 shares in the company, valued at $2,068,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction that occurred on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. Over the last quarter, insiders sold 812,500 shares of company stock worth $113,578,574. Corporate insiders own 42.80% of the company’s stock.

Oracle Company 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.