Oracle Co. (NYSE:ORCL) Shares Bought by Liberty Wealth Management LLC

Liberty Wealth Management LLC lifted its position in shares of Oracle Co. (NYSE:ORCL) by 31.4% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 30,184 shares of the enterprise software provider’s stock after acquiring an additional 7,218 shares during the quarter. Liberty Wealth Management LLC’s holdings in Oracle were worth $4,262,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Werlinich Asset Management LLC raised its holdings in shares of Oracle by 3.1% during the second quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after purchasing an additional 70 shares during the period. RFP Financial Group LLC raised its stake in Oracle by 2.7% during the second quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after acquiring an additional 75 shares during the period. ERn Financial LLC lifted its holdings in Oracle by 0.6% in the second quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after acquiring an additional 80 shares during the last quarter. Key Financial Inc boosted its stake in Oracle by 1.2% in the second quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock valued at $932,000 after acquiring an additional 80 shares during the period. Finally, Abich Financial Wealth Management LLC grew its holdings in shares of Oracle by 18.0% during the first quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after purchasing an additional 81 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Trading Up 0.5 %

Shares of NYSE ORCL opened at $142.50 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $146.59. The company has a market cap of $392.71 billion, a price-to-earnings ratio of 38.22, a P/E/G ratio of 2.56 and a beta of 1.01. The business has a fifty day simple moving average of $138.72 and a 200-day simple moving average of $128.62.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates 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 net margin of 19.76% and a return on equity of 223.01%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the prior year, the firm earned $1.35 EPS. Sell-side analysts predict that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. Oracle’s payout ratio is 43.13%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the transaction, the director now owns 210,712 shares in the company, valued at $30,157,101.44. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In other news, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the transaction, the director now owns 210,712 shares in the company, valued at approximately $30,157,101.44. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, 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 transaction of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Insiders 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.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ORCL. Stifel Nicolaus raised their price target on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. KeyCorp upped their price target on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. UBS Group lifted their price objective on shares of Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. Finally, JMP Securities restated a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. Fourteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Oracle presently has an average rating of “Moderate Buy” and an average target price of $145.87.

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.