Oracle Co. (NYSE:ORCL) Shares Bought by Commonwealth Equity Services LLC

Commonwealth Equity Services LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 5.1% during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 599,991 shares of the enterprise software provider’s stock after acquiring an additional 28,992 shares during the quarter. Commonwealth Equity Services LLC’s holdings in Oracle were worth $63,257,000 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 the company. Orion Capital Management LLC acquired a new position in shares of Oracle in the 3rd quarter valued at $25,000. Ritter Daniher Financial Advisory LLC DE boosted its stake in Oracle by 298.4% during the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares during the period. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle during the third quarter valued at about $27,000. Cornerstone Planning Group LLC raised its stake in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after acquiring an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. increased its holdings in Oracle by 139.4% in the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock valued at $39,000 after purchasing an additional 216 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several research analysts have recently commented on ORCL shares. Oppenheimer initiated coverage on Oracle in a research report on Thursday, April 18th. They set a “market perform” rating for the company. HSBC lifted their target price on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. The Goldman Sachs Group lifted their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Argus raised Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. Finally, StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Wednesday. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $130.76.

Insider Activity at Oracle

In related news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In other news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares in the company, valued at $141,546,631.68. The disclosure for this sale can be found here. 42.80% of the stock is owned by corporate insiders.

Oracle Trading Up 0.7 %

Shares of Oracle stock opened at $115.80 on Friday. The company has a 50-day moving average of $119.83 and a two-hundred day moving average of $113.27. The stock has a market cap of $318.28 billion, a PE ratio of 30.55, a price-to-earnings-growth ratio of 2.31 and a beta of 1.03. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12-month low of $94.41 and a 12-month high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to analysts’ expectations of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 earnings per share. On average, research analysts anticipate that Oracle Co. will post 4.44 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date of this dividend was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.38%. Oracle’s dividend payout ratio is currently 42.22%.

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.