Oracle Co. (NYSE:ORCL) is ShankerValleau Wealth Advisors Inc.’s 3rd Largest Position

ShankerValleau Wealth Advisors Inc. lifted its stake in Oracle Co. (NYSE:ORCL) by 80.7% in the 2nd quarter, HoldingsChannel reports. The firm owned 221,799 shares of the enterprise software provider’s stock after buying an additional 99,043 shares during the quarter. Oracle accounts for 13.4% of ShankerValleau Wealth Advisors Inc.’s portfolio, making the stock its 3rd biggest position. ShankerValleau Wealth Advisors Inc.’s holdings in Oracle were worth $31,318,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Ballentine Partners LLC raised its holdings in Oracle by 11.6% in the fourth quarter. Ballentine Partners LLC now owns 28,999 shares of the enterprise software provider’s stock worth $3,057,000 after buying an additional 3,010 shares during the last quarter. Breakwater Capital Group raised its holdings in Oracle by 25.1% in the fourth quarter. Breakwater Capital Group now owns 24,840 shares of the enterprise software provider’s stock worth $2,735,000 after buying an additional 4,984 shares during the last quarter. Arizona State Retirement System raised its holdings in Oracle by 4.2% in the fourth quarter. Arizona State Retirement System now owns 480,312 shares of the enterprise software provider’s stock worth $50,639,000 after buying an additional 19,345 shares during the last quarter. Autumn Glory Partners LLC raised its holdings in Oracle by 8.3% in the fourth quarter. Autumn Glory Partners LLC now owns 20,186 shares of the enterprise software provider’s stock worth $2,130,000 after buying an additional 1,542 shares during the last quarter. Finally, Private Trust Co. NA raised its holdings in Oracle by 14.6% in the fourth quarter. Private Trust Co. NA now owns 27,783 shares of the enterprise software provider’s stock worth $2,929,000 after buying an additional 3,539 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of the stock in a transaction on 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 owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other Oracle news, insider Edward Screven sold 235,918 shares of the stock in a transaction on 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 owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, 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 transaction 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 disclosure for this sale can be found here. Insiders sold 1,907,500 shares of company stock worth $272,074,924 over the last 90 days. 42.80% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several research analysts have issued reports on the stock. Piper Sandler reaffirmed an “overweight” rating and issued a $150.00 target price on shares of Oracle in a report on Friday, July 12th. BMO Capital Markets boosted their price objective on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a report on Monday, June 17th. Bank of America boosted their price objective on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. KeyCorp boosted their price objective on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a report on Wednesday, June 12th. Finally, Evercore ISI boosted their price objective on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Fourteen investment 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.com, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle Price Performance

Shares of NYSE:ORCL traded down $4.23 during midday trading on Friday, reaching $133.28. 8,251,585 shares of the company were exchanged, 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 business’s fifty day moving average is $136.33 and its two-hundred day moving average is $124.51. Oracle Co. has a one year low of $99.26 and a one year high of $146.59. The stock has a market cap of $367.30 billion, a PE ratio of 35.92, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last issued 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). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the company posted $1.35 EPS. Oracle’s revenue was up 3.3% compared to the same quarter last year. As a group, analysts predict that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were given a dividend of $0.40 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.20%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

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.