Oracle Co. (NYSE:ORCL) Shares Purchased by Impact Partnership Wealth LLC

Impact Partnership Wealth LLC lifted its stake in Oracle Co. (NYSE:ORCL) by 46.3% in the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,991 shares of the enterprise software provider’s stock after purchasing an additional 946 shares during the quarter. Impact Partnership Wealth LLC’s holdings in Oracle were worth $422,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. Westend Capital Management LLC purchased a new stake in Oracle in the first quarter valued at $25,000. POM Investment Strategies LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at $30,000. Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at $35,000. Tidemark LLC purchased a new stake in shares of Oracle in the 4th quarter valued at $29,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle in the 4th quarter valued at $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

Several research analysts recently commented on ORCL shares. TD Cowen boosted their target price on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Morgan Stanley reissued an “equal weight” rating and issued a $125.00 target price on shares of Oracle in a research report on Tuesday, June 25th. Stifel Nicolaus upped their target price on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Sanford C. Bernstein upped their price objective on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, UBS Group upped their price objective on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research note 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’s stock. According to data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Buying and Selling at Oracle

In other news, insider Edward Screven sold 235,918 shares of Oracle 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 sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In other news, insider Edward Screven sold 235,918 shares of Oracle 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 sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. 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 in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock valued at $266,776,624 over the last three months. 42.80% of the stock is owned by company insiders.

Oracle Trading Up 1.3 %

Shares of ORCL opened at $142.61 on Friday. 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 market capitalization of $393.01 billion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01. The stock’s fifty day simple moving average is $138.70 and its 200 day simple moving average is $128.12. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59.

Oracle (NYSE:ORCL) last issued its earnings results 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 during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period last year, the business posted $1.35 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities research analysts forecast that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

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.