Oracle Co. (NYSE:ORCL) Shares Bought by Bremer Bank National Association

Bremer Bank National Association boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 20.2% during the 2nd quarter, according to its most recent filing with the SEC. The firm owned 4,685 shares of the enterprise software provider’s stock after purchasing an additional 787 shares during the period. Bremer Bank National Association’s holdings in Oracle were worth $662,000 at the end of the most recent quarter.

Other institutional investors have also modified their holdings of the company. Westend Capital Management LLC acquired a new stake in shares of Oracle during the 1st quarter valued at about $25,000. Tidemark LLC purchased a new position in Oracle during the fourth quarter valued at $29,000. Nordwand Advisors LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $30,000. Frank Rimerman Advisors LLC acquired a new position in shares of Oracle during the 4th quarter worth about $30,000. Finally, Bbjs Financial Advisors LLC purchased a new position in Oracle in the 2nd quarter valued at about $35,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were 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 transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the 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 transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,862,500 shares of company stock valued at $266,776,624. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

Shares of ORCL traded up $1.30 during midday trading on Wednesday, reaching $135.56. 4,044,331 shares of the stock were exchanged, compared to its average volume of 8,334,025. The company has a market capitalization of $373.58 billion, a price-to-earnings ratio of 36.39, a PEG ratio of 2.49 and a beta of 1.02. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59. The business’s 50-day moving average price is $137.63 and its 200 day moving average price is $125.39.

Oracle (NYSE:ORCL) last posted 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). The company had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm’s revenue was up 3.3% compared to the same quarter last year. During the same period in the previous year, the business posted $1.35 earnings per share. On average, sell-side analysts expect that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.18%. Oracle’s dividend payout ratio is presently 43.13%.

Analysts Set New Price Targets

A number of brokerages have recently commented on ORCL. Sanford C. Bernstein increased their target price on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Guggenheim restated a “buy” rating and issued a $175.00 price target on shares of Oracle in a research report on Tuesday, June 25th. DA Davidson restated a “neutral” rating and issued a $105.00 target price on shares of Oracle in a report on Wednesday, June 12th. UBS Group upped their price objective on shares of Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Finally, Oppenheimer started coverage on shares of Oracle in a report on Thursday, April 18th. They issued a “market perform” rating on the stock. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. According to MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and an average price target of $145.83.

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.