Signaturefd LLC Has $6.11 Million Stock Holdings in Oracle Co. (NYSE:ORCL)

Signaturefd LLC boosted its position in Oracle Co. (NYSE:ORCL) by 3.9% during the 2nd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 43,259 shares of the enterprise software provider’s stock after acquiring an additional 1,621 shares during the period. Signaturefd LLC’s holdings in Oracle were worth $6,108,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently added to or reduced their stakes in ORCL. Westend Capital Management LLC acquired a new position in shares of Oracle in the 1st quarter valued at $25,000. Tidemark LLC bought a new stake in Oracle in the fourth quarter valued at about $29,000. Nordwand Advisors LLC acquired a new position in Oracle in the fourth quarter valued at about $30,000. Frank Rimerman Advisors LLC bought a new position in Oracle during the fourth quarter worth about $30,000. Finally, POM Investment Strategies LLC acquired a new position in shares of Oracle during the 2nd quarter worth about $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analyst Upgrades and Downgrades

A number of brokerages recently weighed in on ORCL. BMO Capital Markets increased their price target on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research report on Monday, June 17th. KeyCorp increased their target price on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. Piper Sandler reissued an “overweight” rating and issued a $150.00 price target on shares of Oracle in a report on Friday, July 12th. Stifel Nicolaus upped their price objective on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Finally, Morgan Stanley reiterated an “equal weight” rating and set a $125.00 target price on shares of Oracle in a report on Tuesday, June 25th. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The shares were 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 of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, Director Jeffrey Berg sold 22,500 shares of Oracle stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the sale, the director now directly owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The transaction was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the company’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 transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. In the last three months, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is owned by company insiders.

Oracle Stock Up 1.4 %

Shares of NYSE ORCL traded up $1.89 during mid-day trading on Friday, hitting $141.31. The company had a trading volume of 7,979,860 shares, compared to its average volume of 8,052,333. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm has a 50-day simple moving average of $138.57 and a two-hundred day simple moving average of $127.17. The company has a market capitalization of $389.43 billion, a PE ratio of 38.09, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. Oracle Co. has a one year low of $99.26 and a one year high of $146.59.

Oracle (NYSE:ORCL) last released 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 firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the firm earned $1.35 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities analysts expect that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were given a $0.40 dividend. 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 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.