Edgestream Partners L.P. Has $1.73 Million Holdings in Oracle Co. (NYSE:ORCL)

Edgestream Partners L.P. grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 91.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 13,771 shares of the enterprise software provider’s stock after purchasing an additional 6,587 shares during the period. Edgestream Partners L.P.’s holdings in Oracle were worth $1,730,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in ORCL. Westend Capital Management LLC acquired a new stake in shares of Oracle during the 1st quarter worth approximately $25,000. Tidemark LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $29,000. Nordwand Advisors LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Finally, Alaska Permanent Fund Corp acquired a new stake in shares of Oracle during the 1st quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 1.2 %

NYSE ORCL traded up $1.61 during mid-day trading on Monday, reaching $140.17. 5,308,424 shares of the stock were exchanged, compared to its average volume of 8,543,650. Oracle Co. has a one year low of $99.26 and a one year high of $146.59. The stock has a 50 day simple moving average of $133.18 and a 200-day simple moving average of $122.16. The stock has a market cap of $386.29 billion, a P/E ratio of 37.82, a P/E/G ratio of 2.51 and a beta of 1.02. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share 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 the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. Oracle’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.35 EPS. On average, analysts anticipate that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

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 issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.14%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s payout ratio is 43.13%.

Insiders Place Their Bets

In other Oracle news, Director Michael J. Boskin sold 45,000 shares of the firm’s 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 completion of the sale, 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 Securities & Exchange Commission, which is available at the SEC website. In other news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Michael J. Boskin sold 45,000 shares of Oracle 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 owns 87,473 shares of the company’s stock, valued at $10,299,071.02. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,952,500 shares of company stock worth $277,298,174. 42.80% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several analysts recently issued reports on the stock. Oppenheimer assumed coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating on the stock. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. JMP Securities reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. TD Cowen increased their price objective on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research note on Wednesday, June 12th. Finally, KeyCorp increased their price objective on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and an average 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.