Blair William & Co. IL Grows Stake in Oracle Co. (NYSE:ORCL)

Blair William & Co. IL boosted its position in shares of Oracle Co. (NYSE:ORCL) by 104.6% during the second quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 528,640 shares of the enterprise software provider’s stock after purchasing an additional 270,229 shares during the quarter. Blair William & Co. IL’s holdings in Oracle were worth $74,644,000 at the end of the most recent reporting period.

Several other large investors also recently bought and sold shares of ORCL. Zega Financial LLC increased its holdings in Oracle by 20.5% during the 2nd quarter. Zega Financial LLC now owns 7,220 shares of the enterprise software provider’s stock valued at $1,019,000 after acquiring an additional 1,227 shares in the last quarter. Vanguard Personalized Indexing Management LLC increased its stake in shares of Oracle by 11.4% during the 2nd quarter. Vanguard Personalized Indexing Management LLC now owns 192,150 shares of the enterprise software provider’s stock worth $26,774,000 after purchasing an additional 19,706 shares in the last quarter. Amalgamated Bank grew its holdings in Oracle by 2.4% during the 2nd quarter. Amalgamated Bank now owns 340,933 shares of the enterprise software provider’s stock valued at $48,140,000 after buying an additional 8,136 shares during the last quarter. Meiji Yasuda Asset Management Co Ltd. increased its position in Oracle by 6.7% during the second quarter. Meiji Yasuda Asset Management Co Ltd. now owns 33,689 shares of the enterprise software provider’s stock worth $4,757,000 after buying an additional 2,103 shares in the last quarter. Finally, Argent Trust Co raised its holdings in shares of Oracle by 7.2% in the second quarter. Argent Trust Co now owns 104,852 shares of the enterprise software provider’s stock worth $14,805,000 after acquiring an additional 7,025 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of research firms recently commented on ORCL. Morgan Stanley increased their price objective on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. Barclays boosted their price objective on shares of Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. TD Cowen raised 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, September 10th. Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday. Finally, BMO Capital Markets increased their target price on Oracle from $160.00 to $173.00 and gave the stock a “market perform” rating in a research report on Tuesday, September 10th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $163.88.

Oracle Trading Down 1.7 %

Shares of ORCL opened at $167.47 on Wednesday. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $173.99. The stock’s 50-day moving average is $140.89 and its two-hundred day moving average is $130.95. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market cap of $464.05 billion, a PE ratio of 45.14, a P/E/G ratio of 2.95 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, topping the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the company posted $0.95 EPS. Oracle’s revenue for the quarter was up 6.9% on a year-over-year basis. Equities analysts forecast that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 annualized dividend and a dividend yield of 0.96%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is currently 43.13%.

Insider Activity

In related news, Director Jeffrey Berg sold 22,500 shares of Oracle stock in a transaction dated Thursday, June 20th. The stock was 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 directly owns 210,712 shares in the company, valued at $30,157,101.44. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction dated 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 transaction, the director now directly owns 210,712 shares in the company, valued at approximately $30,157,101.44. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 1,868,820 shares of company stock worth $267,819,424. 42.80% of the stock is currently owned by corporate insiders.

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.