Financial Partners Group LLC Purchases 262 Shares of Oracle Co. (NYSE:ORCL)

Financial Partners Group LLC lifted its position in Oracle Co. (NYSE:ORCL) by 13.3% in the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 2,235 shares of the enterprise software provider’s stock after purchasing an additional 262 shares during the quarter. Financial Partners Group LLC’s holdings in Oracle were worth $316,000 at the end of the most recent reporting period.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Northeast Financial Group Inc. bought a new stake in Oracle in the second quarter valued at about $205,000. Newman Dignan & Sheerar Inc. boosted its holdings in Oracle by 2.0% during the second quarter. Newman Dignan & Sheerar Inc. now owns 7,206 shares of the enterprise software provider’s stock valued at $1,017,000 after purchasing an additional 139 shares in the last quarter. Sharp Financial Services LLC bought a new stake in shares of Oracle in the 2nd quarter valued at approximately $203,000. Melfa Wealth Management Inc. acquired a new position in shares of Oracle in the 2nd quarter worth approximately $200,000. Finally, Artemis Investment Management LLP bought a new position in shares of Oracle during the 2nd quarter worth approximately $29,291,000. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

Several research analysts have issued reports on ORCL shares. Mizuho increased their price objective on Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. DA Davidson reiterated a “neutral” rating and set a $105.00 target price on shares of Oracle in a research report on Wednesday, June 12th. BMO Capital Markets boosted their price target on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research report on Monday, June 17th. Evercore ISI raised their price objective on shares of Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Finally, Deutsche Bank Aktiengesellschaft boosted their target price on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a report on Monday, June 17th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, the stock has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Trading Up 0.4 %

NYSE:ORCL traded up $0.52 during mid-day trading on Monday, hitting $132.58. The company had a trading volume of 5,561,811 shares, compared to its average volume of 8,388,151. The firm has a market cap of $365.37 billion, a P/E ratio of 35.74, a P/E/G ratio of 2.49 and a beta of 1.02. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59. The business’s fifty day moving average is $137.35 and its two-hundred day moving average is $125.26. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

Oracle (NYSE:ORCL) last announced its quarterly 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 net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. The business’s revenue was up 3.3% on a year-over-year basis. As a group, research analysts expect that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were issued 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 1.21%. Oracle’s dividend payout ratio is presently 43.13%.

Insider Buying and Selling at Oracle

In related news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Edward Screven sold 235,918 shares of the firm’s 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 sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the company’s stock in a transaction on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,862,500 shares of company stock valued at $266,776,624. Company insiders own 42.80% of the company’s stock.

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.