Sunburst Financial Group LLC Makes New $224,000 Investment in Oracle Co. (NYSE:ORCL)

Sunburst Financial Group LLC bought a new position in Oracle Co. (NYSE:ORCL) during the first quarter, Holdings Channel reports. The institutional investor bought 1,786 shares of the enterprise software provider’s stock, valued at approximately $224,000.

A number of other large investors have also recently bought and sold shares of the business. Invst LLC raised its position in shares of Oracle by 2.7% during the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after buying an additional 86 shares during the last quarter. Nemes Rush Group LLC raised its position in shares of Oracle by 1.2% during the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after buying an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC raised its position in shares of Oracle by 1.1% during the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after buying an additional 90 shares during the last quarter. Sovereign Financial Group Inc. raised its position in shares of Oracle by 2.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after buying an additional 90 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. raised its position in shares of Oracle by 0.3% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after buying an additional 90 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORCL. Bank of America upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft upped their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. JPMorgan Chase & Co. increased their price target on shares of Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Citigroup dropped their price target on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. Finally, Guggenheim reissued a “buy” rating and issued a $175.00 price target on shares of Oracle in a research report on Tuesday. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $145.83.

Insider Buying and Selling at Oracle

In other Oracle news, Director George H. Conrades sold 20,000 shares of the firm’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at $2,068,976. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, insider Edward Screven sold 37,221 shares of Oracle stock in a transaction on Wednesday, June 26th. The shares were sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $368,246,045.16. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at $2,068,976. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 385,639 shares of company stock valued at $53,002,729. 42.80% of the stock is currently owned by insiders.

Oracle Price Performance

Shares of ORCL traded up $1.98 during mid-day trading on Friday, hitting $142.16. 2,515,262 shares of the company traded hands, compared to its average volume of 8,533,852. Oracle Co. has a one year low of $99.26 and a one year high of $145.32. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The business has a 50-day moving average of $124.23 and a 200 day moving average of $117.62. The stock has a market capitalization of $391.77 billion, a price-to-earnings ratio of 38.47, a PEG ratio of 2.51 and a beta of 1.01.

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

Oracle Announces Dividend

The firm also recently disclosed 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. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Oracle’s payout ratio is presently 43.13%.

About Oracle

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.