WP Advisors LLC Has $2.55 Million Position in Oracle Co. (NYSE:ORCL)

WP Advisors LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 500.6% during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 18,065 shares of the enterprise software provider’s stock after purchasing an additional 15,057 shares during the quarter. Oracle accounts for about 0.8% of WP Advisors LLC’s portfolio, making the stock its 27th biggest position. WP Advisors LLC’s holdings in Oracle were worth $2,551,000 as of its most recent SEC filing.

Other hedge funds also recently modified their holdings of the company. Jaffetilchin Investment Partners LLC raised its position in Oracle by 5.1% in the 2nd quarter. Jaffetilchin Investment Partners LLC now owns 1,900 shares of the enterprise software provider’s stock valued at $268,000 after buying an additional 92 shares during the last quarter. Pine Valley Investments Ltd Liability Co grew its stake in Oracle by 14.1% in the second quarter. Pine Valley Investments Ltd Liability Co now owns 59,789 shares of the enterprise software provider’s stock valued at $8,442,000 after purchasing an additional 7,403 shares in the last quarter. Foster Group Inc. boosted its stake in shares of Oracle by 1.2% during the 2nd quarter. Foster Group Inc. now owns 16,359 shares of the enterprise software provider’s stock worth $2,310,000 after acquiring an additional 186 shares during the period. Maryland State Retirement & Pension System boosted its stake in shares of Oracle by 1.2% during the 2nd quarter. Maryland State Retirement & Pension System now owns 122,442 shares of the enterprise software provider’s stock worth $17,289,000 after acquiring an additional 1,501 shares during the period. Finally, Mezzasalma Advisors LLC boosted its stake in shares of Oracle by 31.6% during the 2nd quarter. Mezzasalma Advisors LLC now owns 2,767 shares of the enterprise software provider’s stock worth $391,000 after acquiring an additional 665 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Activity

In related news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was 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 in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. In related news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was 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 in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction dated Thursday, July 18th. The stock was 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 of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Over 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 corporate insiders.

Oracle Stock Up 1.3 %

Shares of ORCL stock traded up $1.87 during trading hours on Friday, reaching $141.29. The company had a trading volume of 7,980,679 shares, compared to its average volume of 8,052,333. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $146.59. 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 business has a fifty day simple moving average of $138.57 and a 200-day simple moving average of $127.34. The company has a market cap of $389.38 billion, a price-to-earnings ratio of 38.08, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ORCL. Mizuho lifted their target price on Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Citigroup reduced their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. JMP Securities reiterated a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Stifel Nicolaus lifted their target price on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research note on Wednesday, June 12th. Finally, Evercore ISI lifted their price target on Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

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.