Concord Investment Counsel Inc. Invests $478,000 in Oracle Co. (NYSE:ORCL)

Concord Investment Counsel Inc. acquired a new position in shares of Oracle Co. (NYSE:ORCL) in the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm acquired 3,805 shares of the enterprise software provider’s stock, valued at approximately $478,000.

Several other large investors have also modified their holdings of ORCL. Westend Capital Management LLC purchased a new stake in shares of Oracle in the first quarter valued at $25,000. Tidemark LLC purchased a new stake in shares of Oracle in the fourth quarter valued at $29,000. Nordwand Advisors LLC purchased a new stake in shares of Oracle in the fourth quarter valued at $30,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle in the fourth quarter valued at $30,000. Finally, Alaska Permanent Fund Corp purchased a new stake in shares of Oracle in the first quarter valued at $36,000. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research firms have recently issued reports on ORCL. Bank of America increased their target price on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Argus increased their price objective on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Evercore ISI raised their target price on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. UBS Group raised their target price on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Finally, StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $145.83.

Oracle Trading Up 0.5 %

ORCL stock traded up $0.75 during trading on Friday, hitting $143.51. The company had a trading volume of 2,805,181 shares, compared to its average volume of 8,575,123. 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 firm has a 50-day moving average price of $130.30 and a 200-day moving average price of $120.43. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $145.79. The stock has a market cap of $395.49 billion, a price-to-earnings ratio of 38.44, a PEG ratio of 2.58 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its quarterly earnings data 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 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 the consensus estimate of $14.57 billion. During the same quarter last year, the firm earned $1.35 EPS. The business’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, 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. Stockholders 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 dividend yield of 1.11%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Activity

In other news, insider Edward Screven sold 426,861 shares of the stock in a transaction on 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 transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. In related news, insider Edward Screven sold 426,861 shares of the company’s stock in a transaction 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 in the company, valued at approximately $372,764,079.24. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, 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 a total of 812,500 shares of company stock valued at $113,578,574 in the last 90 days. 42.80% of the stock is owned by company 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.