SRN Advisors LLC Has $1.53 Million Stock Position in Oracle Co. (NYSE:ORCL)

SRN Advisors LLC raised its position in Oracle Co. (NYSE:ORCL) by 14.9% in the first quarter, according to its most recent disclosure with the SEC. The firm owned 12,156 shares of the enterprise software provider’s stock after acquiring an additional 1,572 shares during the period. SRN Advisors LLC’s holdings in Oracle were worth $1,527,000 as of its most recent filing with the SEC.

A number of other hedge funds have also recently added to or reduced their stakes in ORCL. Invst LLC grew its stake 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 worth $380,000 after acquiring an additional 86 shares during the last quarter. Nemes Rush Group LLC boosted its position in Oracle by 1.2% in 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 boosted its position in Oracle by 1.1% in 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. boosted its position in Oracle by 2.9% in 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. boosted its position in Oracle by 0.3% in 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 and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction on Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the transaction, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The transaction was disclosed in a document filed with the SEC, which is accessible 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 stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the transaction, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 235,918 shares of the stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,907,500 shares of company stock worth $272,074,924 in the last three months. 42.80% of the stock is owned by corporate insiders.

Oracle Trading Down 3.1 %

NYSE:ORCL traded down $4.23 during trading hours on Friday, hitting $133.28. The company had a trading volume of 8,251,585 shares, compared to its average volume of 7,048,810. 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 company has a 50-day moving average of $136.33 and a 200 day moving average of $124.38. The company has a market cap of $367.30 billion, a P/E ratio of 35.92, a P/E/G ratio of 2.49 and a beta of 1.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $146.59.

Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The company had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company earned $1.35 earnings per share. Sell-side analysts expect that Oracle Co. will post 5.02 earnings per share 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 issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.20%. The ex-dividend date was Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

Analysts Set New Price Targets

ORCL has been the subject of a number of analyst reports. Mizuho boosted their price target on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. Morgan Stanley reissued an “equal weight” rating and issued a $125.00 price target on shares of Oracle in a report on Tuesday, June 25th. Stifel Nicolaus boosted their price target on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft boosted their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 17th. Finally, BMO Capital Markets boosted their price target on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a report on Monday, June 17th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and an average price target of $145.83.

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.