Patriot Financial Group Insurance Agency LLC Has $2.50 Million Position in Oracle Co. (NYSE:ORCL)

Patriot Financial Group Insurance Agency LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 11.9% during the second quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 17,711 shares of the enterprise software provider’s stock after purchasing an additional 1,883 shares during the period. Patriot Financial Group Insurance Agency LLC’s holdings in Oracle were worth $2,501,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of the company. Werlinich Asset Management LLC boosted its holdings in Oracle by 3.1% during 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 during the period. RFP Financial Group LLC grew its stake in Oracle by 2.7% in the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after acquiring an additional 75 shares in the last quarter. ERn Financial LLC increased its position in shares of Oracle by 0.6% during the second quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after acquiring an additional 80 shares during the period. Abich Financial Wealth Management LLC raised its stake in shares of Oracle by 18.0% during the first 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. Finally, Hoxton Planning & Management LLC grew its stake in Oracle by 2.6% in the second quarter. Hoxton Planning & Management LLC now owns 3,278 shares of the enterprise software provider’s stock worth $463,000 after purchasing an additional 82 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of NYSE:ORCL traded down $0.42 during midday trading on Tuesday, hitting $138.48. The company’s stock had a trading volume of 3,778,124 shares, compared to its average volume of 8,104,249. The company has a market cap of $381.63 billion, a P/E ratio of 37.33, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $146.59. The business’s 50 day simple moving average is $138.90 and its 200 day simple moving average is $126.85. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). The company had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 EPS. On average, analysts forecast that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ORCL. Evercore ISI increased their price target on Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. increased their price objective on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Argus lifted their price target on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Finally, Bank of America boosted their price target on Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Insider Buying and Selling

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. In other news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, 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, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,862,500 shares of company stock worth $266,776,624. Insiders own 42.80% of the company’s stock.

About Oracle

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.