D Orazio & Associates Inc. Increases Position in Oracle Co. (NYSE:ORCL)

D Orazio & Associates Inc. boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.2% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 7,196 shares of the enterprise software provider’s stock after acquiring an additional 84 shares during the period. D Orazio & Associates Inc.’s holdings in Oracle were worth $1,016,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of the business. Main Street Financial Solutions LLC lifted its holdings in shares of Oracle by 1.5% in the 2nd quarter. Main Street Financial Solutions LLC now owns 6,136 shares of the enterprise software provider’s stock worth $866,000 after acquiring an additional 88 shares during the last quarter. Vest Financial LLC grew its position in Oracle by 14.0% during the 2nd quarter. Vest Financial LLC now owns 11,554 shares of the enterprise software provider’s stock worth $1,631,000 after purchasing an additional 1,421 shares during the last quarter. Private Wealth Partners LLC grew its position in Oracle by 28.7% during the 2nd quarter. Private Wealth Partners LLC now owns 23,324 shares of the enterprise software provider’s stock worth $3,293,000 after purchasing an additional 5,200 shares during the last quarter. Trueblood Wealth Management LLC lifted its stake in shares of Oracle by 0.8% in the 2nd quarter. Trueblood Wealth Management LLC now owns 12,251 shares of the enterprise software provider’s stock worth $1,730,000 after acquiring an additional 101 shares during the period. Finally, Y.D. More Investments Ltd lifted its stake in shares of Oracle by 272.8% in the 2nd quarter. Y.D. More Investments Ltd now owns 16,104 shares of the enterprise software provider’s stock worth $2,273,000 after acquiring an additional 11,784 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of ORCL stock opened at $157.13 on Thursday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $160.52. The business’s 50 day moving average is $139.16 and its two-hundred day moving average is $129.32. The company has a market capitalization of $433.03 billion, a P/E ratio of 42.35, a P/E/G 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 (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, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. Oracle’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 earnings per share. Analysts expect that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.02%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Activity at Oracle

In other news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on 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 owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Oracle news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value 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 approximately $379,042,045.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the transaction, the director now owns 210,712 shares of the company’s stock, valued at $30,157,101.44. 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 quarter. Company insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

Several equities analysts have weighed in on ORCL shares. Sanford C. Bernstein raised their target price on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. TD Cowen boosted their target price on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday. JMP Securities raised shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target on the stock in a report on Tuesday. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, KeyCorp boosted their target price on shares of Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday. Twelve research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and an average target price of $158.68.

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.