7,269 Shares in Oracle Co. (NYSE:ORCL) Purchased by Signature Estate & Investment Advisors LLC

Signature Estate & Investment Advisors LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) in the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund bought 7,269 shares of the enterprise software provider’s stock, valued at approximately $1,026,000.

A number of other hedge funds have also added to or reduced their stakes in the stock. Westend Capital Management LLC bought a new stake in shares of Oracle during the 1st quarter valued at about $25,000. Tidemark LLC bought a new stake in Oracle during the fourth quarter valued at approximately $29,000. Nordwand Advisors LLC purchased a new position in Oracle in the 4th quarter worth approximately $30,000. Frank Rimerman Advisors LLC bought a new position in shares of Oracle in the 4th quarter worth $30,000. Finally, POM Investment Strategies LLC purchased a new stake in shares of Oracle during the 2nd quarter valued at $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Up 0.2 %

NYSE:ORCL traded up $0.32 during mid-day trading on Tuesday, hitting $139.22. The stock had a trading volume of 522,941 shares, compared to its average volume of 8,083,951. 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 Co. has a twelve month low of $99.26 and a twelve month high of $146.59. The company has a market capitalization of $383.67 billion, a PE ratio of 37.45, a PEG ratio of 2.49 and a beta of 1.02. The stock has a 50-day simple moving average of $138.90 and a two-hundred day simple moving average of $126.85.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share 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 business had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. The firm’s quarterly revenue was up 3.3% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

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

Analyst Ratings Changes

A number of brokerages recently weighed in on ORCL. Piper Sandler reissued an “overweight” rating and set a $150.00 price objective on shares of Oracle in a report on Friday, July 12th. BMO Capital Markets increased their target price on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a report on Monday, June 17th. JMP Securities reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. TD Cowen upped their price target on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Finally, DA Davidson reiterated a “neutral” rating and issued a $105.00 price objective on shares of Oracle in a report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Insider Buying and Selling

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