LifePro Asset Management Grows Stock Position in Oracle Co. (NYSE:ORCL)

LifePro Asset Management boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 9.1% during the 3rd quarter, according to its most recent 13F filing with the SEC. The firm owned 4,957 shares of the enterprise software provider’s stock after buying an additional 412 shares during the period. LifePro Asset Management’s holdings in Oracle were worth $845,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Eagle Rock Investment Company LLC raised its holdings in shares of Oracle by 0.4% in the third quarter. Eagle Rock Investment Company LLC now owns 17,626 shares of the enterprise software provider’s stock worth $3,003,000 after acquiring an additional 64 shares during the last quarter. Versant Capital Management Inc raised its holdings in shares of Oracle by 1.7% in the third quarter. Versant Capital Management Inc now owns 3,957 shares of the enterprise software provider’s stock worth $674,000 after acquiring an additional 65 shares during the last quarter. First International Bank & Trust raised its holdings in shares of Oracle by 1.8% in the third quarter. First International Bank & Trust now owns 3,734 shares of the enterprise software provider’s stock worth $636,000 after acquiring an additional 67 shares during the last quarter. Adirondack Trust Co. raised its holdings in shares of Oracle by 0.8% in the third quarter. Adirondack Trust Co. now owns 8,636 shares of the enterprise software provider’s stock worth $1,472,000 after acquiring an additional 67 shares during the last quarter. Finally, Werlinich Asset Management LLC raised its holdings in shares of Oracle by 3.1% in the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after acquiring an additional 70 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction on 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 owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. This represents a 0.00 % decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction dated Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. This represents a 0.00 % decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. This represents a 0.00 % decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,146,320 shares of company stock worth $164,762,400. Insiders own 42.20% of the company’s stock.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of recent analyst reports. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research report on Monday, September 16th. Sanford C. Bernstein boosted their price target on Oracle from $201.00 to $202.00 and gave the company an “outperform” rating in a research report on Monday, September 30th. Barclays boosted their price target on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday, September 10th. Mizuho upped their target price on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. upped their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company’s stock. According to MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and an average price target of $167.42.

Oracle Stock Down 1.6 %

Shares of ORCL opened at $175.51 on Friday. The stock has a market cap of $486.35 billion, a price-to-earnings ratio of 45.23, a P/E/G ratio of 3.29 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $178.61. The company has a 50-day moving average price of $150.03 and a two-hundred day moving average price of $136.15.

Oracle (NYSE:ORCL) last posted 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. During the same quarter in the previous year, the company posted $0.95 earnings per share. Oracle’s quarterly revenue was up 6.9% compared to the same quarter last year. Equities analysts predict that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 0.91%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is 41.24%.

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.