Arkfeld Wealth Strategies L.L.C. Has $265,000 Stake in Oracle Co. (NYSE:ORCL)

Arkfeld Wealth Strategies L.L.C. raised its holdings in Oracle Co. (NYSE:ORCL) by 4.8% during the first quarter, according to the company in its most recent Form 13F filing with the SEC. The fund owned 2,180 shares of the enterprise software provider’s stock after acquiring an additional 100 shares during the quarter. Arkfeld Wealth Strategies L.L.C.’s holdings in Oracle were worth $265,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Orion Capital Management LLC acquired a new stake in Oracle in the third quarter worth $25,000. Westend Capital Management LLC bought a new position in shares of Oracle in the 1st quarter valued at about $25,000. Spartan Planning & Wealth Management bought a new position in shares of Oracle in the 3rd quarter valued at about $27,000. Tidemark LLC bought a new stake in shares of Oracle during the 4th quarter worth about $29,000. Finally, Nordwand Advisors LLC acquired a new position in Oracle in the 4th quarter valued at about $30,000. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 0.7 %

ORCL traded down $0.94 during trading on Wednesday, hitting $138.23. The company had a trading volume of 7,514,154 shares, compared to its average volume of 8,589,123. The firm’s 50-day moving average price is $123.84 and its 200 day moving average price is $117.48. 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 one year low of $99.26 and a one year high of $145.32. The company has a market capitalization of $380.94 billion, a PE ratio of 37.26, a PEG ratio of 2.52 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its 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 business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 earnings per share. As a group, equities analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.16%. The ex-dividend date is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Buying and Selling at Oracle

In related news, Director Michael J. Boskin sold 45,000 shares of the business’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. In other news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this link. Also, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 348,418 shares of company stock valued at $47,784,717. Corporate insiders own 42.80% of the company’s stock.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. The Goldman Sachs Group increased their price target on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Deutsche Bank Aktiengesellschaft lifted their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. KeyCorp lifted their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a report on Wednesday, June 12th. DA Davidson reiterated a “neutral” rating and set a $105.00 price target on shares of Oracle in a research report on Wednesday, June 12th. Finally, Guggenheim reissued a “buy” rating and set a $175.00 price objective on shares of Oracle in a research note on Tuesday. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. Based on data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle 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.