Twin Peaks Wealth Advisors LLC increased its position in Oracle Co. (NYSE:ORCL – Free Report) by 25.0% in the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 1,857 shares of the enterprise software provider’s stock after purchasing an additional 371 shares during the quarter. Twin Peaks Wealth Advisors LLC’s holdings in Oracle were worth $249,000 as of its most recent filing with the Securities & Exchange Commission.
Other institutional investors and hedge funds also recently made changes to their positions in the company. McClarren Financial Advisors Inc. lifted its stake in shares of Oracle by 201.7% in the 4th quarter. McClarren Financial Advisors Inc. now owns 1,599 shares of the enterprise software provider’s stock valued at $266,000 after purchasing an additional 1,069 shares during the period. Cornerstone Advisory LLC lifted its stake in shares of Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock valued at $2,258,000 after purchasing an additional 3,299 shares during the period. Peak Retirement Planning Inc. purchased a new position in shares of Oracle in the 4th quarter valued at approximately $211,000. AFT Forsyth & Company Inc. raised its stake in Oracle by 32.7% during the fourth quarter. AFT Forsyth & Company Inc. now owns 6,739 shares of the enterprise software provider’s stock valued at $1,123,000 after buying an additional 1,659 shares during the last quarter. Finally, Secure Asset Management LLC boosted its holdings in Oracle by 21.8% in the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider’s stock worth $1,850,000 after acquiring an additional 2,365 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.
Analyst Ratings Changes
Several equities research analysts have commented on the company. JPMorgan Chase & Co. boosted their target price on Oracle from $135.00 to $185.00 and gave the stock a “neutral” rating in a report on Thursday. Bank of America boosted their target price on Oracle from $156.00 to $220.00 and gave the stock a “neutral” rating in a report on Thursday. Citigroup boosted their target price on Oracle from $160.00 to $186.00 and gave the stock a “neutral” rating in a report on Monday. Wall Street Zen downgraded Oracle from a “buy” rating to a “hold” rating in a report on Wednesday, February 19th. Finally, KeyCorp boosted their target price on Oracle from $200.00 to $225.00 and gave the stock an “overweight” rating in a report on Thursday. Twelve research analysts have rated the stock with a hold rating, eighteen have given a buy rating and one has assigned a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and a consensus price target of $192.30.
Oracle Stock Up 13.2%
Oracle stock opened at $199.67 on Friday. The stock has a market cap of $558.47 billion, a PE ratio of 48.82, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a one year low of $118.86 and a one year high of $202.49. The stock has a fifty day moving average of $151.06 and a 200 day moving average of $160.44.
Oracle (NYSE:ORCL – Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. Oracle’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the business earned $1.63 earnings per share. As a group, sell-side analysts predict that Oracle Co. will post 5 EPS for the current year.
Oracle Announces Dividend
The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 1.00%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s payout ratio is 46.95%.
Insiders Place Their Bets
In other Oracle news, Director Leon E. Panetta sold 5,000 shares of the company’s stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares of the company’s stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 over the last quarter. 42.20% 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.
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