Oracle Co. (NYSE:ORCL) Shares Bought by Confluence Wealth Services Inc.

Confluence Wealth Services Inc. boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 90.6% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,885 shares of the enterprise software provider’s stock after acquiring an additional 6,599 shares during the period. Confluence Wealth Services Inc.’s holdings in Oracle were worth $1,961,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently added to or reduced their stakes in ORCL. Werlinich Asset Management LLC lifted its stake in Oracle by 3.1% during the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock valued at $326,000 after buying an additional 70 shares in the last quarter. RFP Financial Group LLC lifted its stake in Oracle by 2.7% during the second quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock valued at $405,000 after buying an additional 75 shares in the last quarter. ERn Financial LLC increased its holdings 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 purchasing an additional 80 shares during the period. Key Financial Inc increased its holdings in shares of Oracle by 1.2% in the 2nd quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock valued at $932,000 after purchasing an additional 80 shares during the period. Finally, Abich Financial Wealth Management LLC increased its holdings in Oracle by 18.0% in the first quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock worth $67,000 after buying an additional 81 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 1.3 %

Shares of ORCL stock traded up $1.87 during trading on Friday, hitting $141.29. 7,980,679 shares of the stock traded hands, compared to its average volume of 8,052,333. The firm has a market capitalization of $389.38 billion, a P/E ratio of 38.08, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The firm’s fifty day moving average price is $138.57 and its 200-day moving average price is $127.34.

Oracle (NYSE:ORCL) last announced 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). The firm had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the previous year, the firm earned $1.35 EPS. As a group, research analysts forecast that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. Oracle’s payout ratio is currently 43.13%.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 15,000 shares of the business’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 completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated 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 transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 15,000 shares of the company’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 owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. Over the last quarter, insiders sold 1,862,500 shares of company stock worth $266,776,624. Corporate insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of a number of analyst reports. Argus lifted their price objective on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. UBS Group upped their price target on Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Morgan Stanley restated an “equal weight” rating and issued a $125.00 price target on shares of Oracle in a research note on Tuesday, June 25th. Mizuho increased their price objective on Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Finally, JPMorgan Chase & Co. increased their target price on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

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.