Family Firm Inc. Buys New Shares in Oracle Co. (NYSE:ORCL)

Family Firm Inc. bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the 2nd quarter, HoldingsChannel reports. The firm bought 1,116 shares of the enterprise software provider’s stock, valued at approximately $158,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. Werlinich Asset Management LLC lifted its position in shares of Oracle by 3.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock valued at $326,000 after acquiring an additional 70 shares in the last quarter. ERn Financial LLC lifted its position in shares of Oracle by 0.6% in the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock valued at $1,823,000 after acquiring an additional 80 shares in the last quarter. Abich Financial Wealth Management LLC lifted its position in shares of Oracle by 18.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after acquiring an additional 81 shares in the last quarter. Hoxton Planning & Management LLC lifted its position in shares of Oracle by 2.6% in the 2nd quarter. Hoxton Planning & Management LLC now owns 3,278 shares of the enterprise software provider’s stock valued at $463,000 after acquiring an additional 82 shares in the last quarter. Finally, Invst LLC lifted its position in shares of Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after acquiring an additional 86 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

Several equities research analysts recently commented on ORCL shares. JPMorgan Chase & Co. upped their price target on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft increased their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Piper Sandler reiterated an “overweight” rating and issued a $150.00 target price on shares of Oracle in a research report on Friday, July 12th. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Finally, Guggenheim reiterated a “buy” rating and issued a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. 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 price target of $145.83.

Insiders Place Their Bets

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock worth $266,776,624 in the last ninety days. Insiders own 42.80% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL traded up $1.11 during midday trading on Friday, reaching $139.19. The stock had a trading volume of 4,544,571 shares, compared to its average volume of 8,163,030. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59. The firm’s fifty day simple moving average is $138.95 and its 200-day simple moving average is $126.55. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The stock has a market capitalization of $383.59 billion, a P/E ratio of 37.52, a PEG ratio of 2.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last posted its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) 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 firm 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 business posted $1.35 earnings per share. The business’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a $0.40 dividend. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.15%. Oracle’s dividend payout ratio is 43.13%.

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.