Dynamic Advisor Solutions LLC Raises Stock Position in Oracle Co. (NYSE:ORCL)

Dynamic Advisor Solutions LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 2.0% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,176 shares of the enterprise software provider’s stock after buying an additional 396 shares during the period. Dynamic Advisor Solutions LLC’s holdings in Oracle were worth $2,849,000 as of its most recent SEC filing.

A number of other hedge funds have also recently modified their holdings of ORCL. Westend Capital Management LLC bought a new position in Oracle during the 1st quarter valued at about $25,000. Tidemark LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $29,000. Nordwand Advisors LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $30,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $30,000. Finally, Alaska Permanent Fund Corp purchased a new stake in shares of Oracle during the 1st quarter valued at about $36,000. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently issued reports on the stock. Piper Sandler reissued an “overweight” rating and issued a $150.00 target price on shares of Oracle in a report on Friday, July 12th. Oppenheimer started coverage on shares of Oracle in a report on Thursday, April 18th. They set a “market perform” rating for the company. JPMorgan Chase & Co. increased their target price on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Argus increased their target price on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Finally, KeyCorp raised their price target on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Up 1.0 %

NYSE ORCL traded up $1.34 during trading on Tuesday, reaching $133.92. The company’s stock had a trading volume of 426,860 shares, compared to its average volume of 8,336,793. The business has a 50-day moving average price of $137.35 and a 200-day moving average price of $125.26. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59. The stock has a market capitalization of $369.06 billion, a PE ratio of 35.74, a PEG ratio of 2.49 and a beta of 1.02. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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 company had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same period in the previous year, the business posted $1.35 earnings per share. The firm’s revenue was up 3.3% on a year-over-year basis. On average, research analysts forecast that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. The ex-dividend date was Thursday, July 11th. Oracle’s payout ratio is presently 43.13%.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of Oracle 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 completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In related news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated 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 completion of the sale, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value 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. Insiders have sold a total of 1,862,500 shares of company stock valued at $266,776,624 in the last 90 days. 42.80% of the stock is owned by corporate insiders.

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.