Inlet Private Wealth LLC Has $1.84 Million Position in Oracle Co. (NYSE:ORCL)

Inlet Private Wealth LLC increased its position in Oracle Co. (NYSE:ORCL) by 12.9% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 30,752 shares of the enterprise software provider’s stock after buying an additional 3,504 shares during the quarter. Inlet Private Wealth LLC’s holdings in Oracle were worth $1,839,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds also recently made changes to their positions in the company. Evolution Wealth Advisors LLC boosted its holdings in Oracle by 346.0% in the second quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after acquiring an additional 346 shares during the last quarter. Investors Research Corp bought a new stake in Oracle in the first quarter valued at approximately $30,000. Covenant Multifamily Offices LLC bought a new stake in Oracle in the first quarter valued at approximately $35,000. ERTS Wealth Advisors LLC bought a new stake in Oracle in the fourth quarter valued at approximately $36,000. Finally, Clarfeld Financial Advisors LLC bought a new stake in Oracle in the fourth quarter valued at approximately $39,000. Institutional investors and hedge funds own 54.26% of the company’s stock.

A number of equities analysts have issued reports on the company. Barclays increased their price target on Oracle from $55.00 to $59.00 and gave the stock an “equal weight” rating in a report on Thursday, June 20th. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $61.00 price target on the stock in a report on Wednesday, May 15th. ValuEngine upgraded Oracle from a “hold” rating to a “buy” rating in a report on Tuesday, July 2nd. JPMorgan Chase & Co. restated a “neutral” rating and set a $53.00 price target on shares of Oracle in a report on Tuesday, June 18th. Finally, UBS Group restated a “neutral” rating and set a $54.00 price target on shares of Oracle in a report on Friday, June 14th. Three research analysts have rated the stock with a sell rating, nineteen have assigned a hold rating and ten have given a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average target price of $54.58.

In related news, CEO Mark V. Hurd sold 787,500 shares of the stock in a transaction on Friday, June 21st. The stock was sold at an average price of $56.29, for a total value of $44,328,375.00. Following the completion of the sale, the chief executive officer now directly owns 874,871 shares of the company’s stock, valued at approximately $49,246,488.59. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Wednesday, May 15th. The shares were sold at an average price of $54.52, for a total value of $204,450.00. Following the completion of the sale, the director now directly owns 27,969 shares of the company’s stock, valued at $1,524,869.88. The disclosure for this sale can be found here. Insiders have sold 1,356,250 shares of company stock worth $76,913,375 over the last ninety days. 32.00% of the stock is owned by insiders.

Shares of NYSE:ORCL opened at $56.49 on Thursday. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. Oracle Co. has a twelve month low of $42.40 and a twelve month high of $60.50. The stock’s 50 day moving average price is $57.33. The firm has a market capitalization of $193.68 billion, a price-to-earnings ratio of 17.88, a price-to-earnings-growth ratio of 1.70 and a beta of 1.15.

Oracle (NYSE:ORCL) last issued its earnings results on Wednesday, June 19th. The enterprise software provider reported $1.16 earnings per share for the quarter, topping analysts’ consensus estimates of $0.98 by $0.18. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The company had revenue of $11.14 billion for the quarter, compared to analyst estimates of $10.93 billion. During the same period in the prior year, the firm earned $0.99 earnings per share. Oracle’s revenue for the quarter was up 1.1% on a year-over-year basis. As a group, research analysts anticipate that Oracle Co. will post 3.5 EPS for the current year.

The company also recently announced a quarterly dividend, which was paid on Wednesday, July 31st. Stockholders of record on Wednesday, July 17th were given a dividend of $0.24 per share. This represents a $0.96 dividend on an annualized basis and a dividend yield of 1.70%. The ex-dividend date was Tuesday, July 16th. Oracle’s payout ratio is 30.38%.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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