Gryphon Financial Partners LLC Purchases 2,200 Shares of Oracle Co. (NYSE:ORCL)

Gryphon Financial Partners LLC boosted its position in Oracle Co. (NYSE:ORCL) by 30.6% in the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 9,392 shares of the enterprise software provider’s stock after purchasing an additional 2,200 shares during the period. Gryphon Financial Partners LLC’s holdings in Oracle were worth $1,326,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Werlinich Asset Management LLC increased its holdings in shares of Oracle by 3.1% during the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after buying an additional 70 shares during the last quarter. RFP Financial Group LLC increased its holdings in shares of Oracle by 2.7% during the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after buying an additional 75 shares during the last quarter. ERn Financial LLC increased its holdings in shares of Oracle by 0.6% during the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after buying an additional 80 shares during the last quarter. Key Financial Inc increased its holdings in shares of Oracle by 1.2% during the 2nd quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock worth $932,000 after buying an additional 80 shares during the last quarter. Finally, Abich Financial Wealth Management LLC increased its holdings in Oracle by 18.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after purchasing an additional 81 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In other 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 completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, Director Jeffrey Berg sold 22,500 shares of the company’s 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 owns 210,712 shares in the company, valued at $30,157,101.44. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction that occurred on 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 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. In the last three months, insiders sold 1,862,500 shares of company stock valued at $266,776,624. Insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $152.20 on Tuesday. 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 1-year low of $99.26 and a 1-year high of $152.20. The stock has a market cap of $419.44 billion, a PE ratio of 37.71, a price-to-earnings-growth ratio of 2.56 and a beta of 1.01. The firm has a fifty day moving average price of $138.65 and a 200 day moving average price of $128.82.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the business earned $0.95 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced 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 1.05%. Oracle’s payout ratio is currently 43.13%.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research reports. BMO Capital Markets lifted their target price on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday. JPMorgan Chase & Co. lifted their target price on shares of Oracle from $110.00 to $120.00 in a report on Monday. Guggenheim reiterated a “buy” rating and issued a $175.00 target price on shares of Oracle in a report on Tuesday, June 25th. Bank of America lifted their target price on shares of Oracle from $155.00 to $175.00 and gave the company a “neutral” rating in a report on Tuesday. Finally, Mizuho lifted their target price on shares of Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. Thirteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $151.79.

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.