Oracle Co. (NYSE:ORCL) Shares Acquired by Envestnet Portfolio Solutions Inc.

Envestnet Portfolio Solutions Inc. increased its position in shares of Oracle Co. (NYSE:ORCL) by 10.6% during the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 139,571 shares of the enterprise software provider’s stock after acquiring an additional 13,412 shares during the quarter. Envestnet Portfolio Solutions Inc.’s holdings in Oracle were worth $19,707,000 as of its most recent filing with the Securities and Exchange Commission.

A number of other hedge funds have also recently modified their holdings of ORCL. Norges Bank purchased a new position in Oracle during the fourth quarter worth about $1,210,181,000. Janus Henderson Group PLC boosted its position in shares of Oracle by 148.8% during the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after purchasing an additional 7,699,141 shares during the period. Boston Partners boosted its position in shares of Oracle by 382.4% during the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after purchasing an additional 3,617,413 shares during the period. Capital World Investors increased its holdings in Oracle by 22.1% in the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after purchasing an additional 3,323,334 shares during the last quarter. Finally, PineStone Asset Management Inc. raised its position in Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock valued at $552,262,000 after purchasing an additional 2,219,450 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

A number of equities research analysts have issued reports on the stock. Sanford C. Bernstein increased their target price on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. BMO Capital Markets upped their price target on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a report on Monday, June 17th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Guggenheim restated a “buy” rating and set a $175.00 target price on shares of Oracle in a research note on Tuesday, June 25th. Finally, KeyCorp boosted their target price on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $145.83.

Insider Buying and Selling

In related 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 transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The transaction was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The shares were 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 owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock valued at $266,776,624 in the last quarter. Company insiders own 42.80% of the company’s stock.

Oracle Trading Up 0.6 %

ORCL stock traded up $0.75 on Thursday, hitting $136.35. 1,449,150 shares of the company were exchanged, compared to its average volume of 8,290,198. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The stock has a market capitalization of $375.76 billion, a price-to-earnings ratio of 36.66, a price-to-earnings-growth ratio of 2.39 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59. The business’s fifty day moving average is $137.89 and its two-hundred day moving average is $125.47.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the company earned $1.35 earnings per share. As a group, research analysts forecast that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.17%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s payout ratio is 43.13%.

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.