Oracle Co. (NYSE:ORCL) Shares Bought by Mosley Wealth Management

Mosley Wealth Management increased its holdings in Oracle Co. (NYSE:ORCL) by 32.6% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 6,076 shares of the enterprise software provider’s stock after acquiring an additional 1,493 shares during the quarter. Oracle makes up 0.7% of Mosley Wealth Management’s portfolio, making the stock its 26th biggest position. Mosley Wealth Management’s holdings in Oracle were worth $858,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently bought and sold shares of the business. Westend Capital Management LLC bought a new stake in shares of Oracle in the 1st quarter worth about $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 stake in Oracle during the fourth quarter valued at approximately $30,000. Frank Rimerman Advisors LLC bought a new position in Oracle during the 4th quarter worth approximately $30,000. Finally, POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter worth approximately $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.6 %

NYSE ORCL traded down $0.80 on Friday, hitting $141.81. 11,154,796 shares of the company were exchanged, compared to its average volume of 8,056,655. 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 twelve month low of $99.26 and a twelve month high of $146.59. The firm has a market capitalization of $390.81 billion, a P/E ratio of 38.22, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01. The company’s 50 day moving average price is $138.72 and its 200-day moving average price is $128.33.

Oracle (NYSE:ORCL) last released its quarterly 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). Oracle had a net margin of 19.76% and a return on equity of 223.01%. 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 EPS. The firm’s revenue was up 3.3% compared to the same quarter last year. Analysts predict that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders 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 annualized dividend and a yield of 1.13%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research analyst reports. Bank of America raised their price objective on Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Guggenheim reaffirmed a “buy” rating and issued a $175.00 price target on shares of Oracle in a report on Tuesday, June 25th. KeyCorp increased their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. JPMorgan Chase & Co. lifted their target price on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Finally, Argus upped their target price on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Insider Activity

In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction that occurred 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 transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which can be accessed through this link. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s 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 transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock worth $266,776,624 in the last 90 days. Company insiders own 42.80% of the company’s stock.

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.