Coldstream Capital Management Inc. Has $9.45 Million Stock Position in Oracle Co. (NYSE:ORCL)

Coldstream Capital Management Inc. raised its stake in shares of Oracle Co. (NYSE:ORCL) by 0.7% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 66,905 shares of the enterprise software provider’s stock after purchasing an additional 496 shares during the quarter. Coldstream Capital Management Inc.’s holdings in Oracle were worth $9,447,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other institutional investors also recently added to or reduced their stakes in the stock. Westend Capital Management LLC bought a new position in shares of Oracle in the first quarter valued at approximately $25,000. Tidemark LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $29,000. Nordwand Advisors LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $30,000. Frank Rimerman Advisors LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $30,000. Finally, POM Investment Strategies LLC bought a new position in shares of Oracle in the second quarter valued at approximately $30,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

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

Wall Street Analysts Forecast Growth

Several research analysts recently weighed in on the stock. UBS Group boosted their price objective on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. BMO Capital Markets boosted their price objective on shares of Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday. KeyCorp boosted their price objective on shares of Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday. JPMorgan Chase & Co. boosted their price objective on shares of Oracle from $110.00 to $120.00 in a research report on Monday. Finally, JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective for the company in a research report on Tuesday. Thirteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $151.79.

Oracle Price Performance

ORCL stock opened at $155.63 on Tuesday. The stock has a 50-day moving average price of $138.65 and a two-hundred day moving average price of $128.82. The stock has a market cap of $428.89 billion, a PE ratio of 37.71, a price-to-earnings-growth ratio of 2.56 and a beta of 1.01. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $156.45.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 EPS. Equities analysts forecast that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 1.03%. 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.