Bbjs Financial Advisors LLC Makes New Investment in Oracle Co. (NYSE:ORCL)

Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle Co. (NYSE:ORCL) during the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor acquired 250 shares of the enterprise software provider’s stock, valued at approximately $35,000.

Other institutional investors have also made changes to their positions in the company. Norges Bank bought a new position in shares of Oracle in the fourth quarter valued at approximately $1,210,181,000. Janus Henderson Group PLC raised its holdings in Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider’s stock worth $1,616,855,000 after acquiring an additional 7,699,141 shares during the period. Boston Partners lifted its position in Oracle by 382.4% during the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after acquiring an additional 3,617,413 shares during the last quarter. Capital World Investors boosted its holdings in Oracle by 22.1% during the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after acquiring an additional 3,323,334 shares during the period. Finally, Parnassus Investments LLC grew its position in shares of Oracle by 17.7% in the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock valued at $1,539,268,000 after purchasing an additional 2,191,342 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Price Performance

Shares of NYSE:ORCL traded up $1.65 on Tuesday, hitting $134.23. The stock had a trading volume of 4,323,229 shares, compared to its average volume of 8,361,931. The firm’s 50 day moving average price is $137.35 and its 200-day moving average price 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 Co. has a twelve month low of $99.26 and a twelve month high of $146.59. The company has a market capitalization of $369.92 billion, a price-to-earnings ratio of 36.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02.

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 analysts’ consensus estimates of $1.65 by ($0.02). The firm had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.35 earnings per share. On average, equities research analysts predict that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors 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 dividend on an annualized basis and a yield of 1.19%. Oracle’s dividend payout ratio is 43.13%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ORCL shares. Stifel Nicolaus boosted their price objective on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, June 12th. Piper Sandler reiterated an “overweight” rating and set a $150.00 price target on shares of Oracle in a report on Friday, July 12th. JMP Securities restated a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Sanford C. Bernstein boosted their target price on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” 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 stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Insider Buying and Selling at Oracle

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Oracle news, 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 directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is currently owned by insiders.

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.