Oracle Co. (NYSE:ORCL) Shares Bought by Miracle Mile Advisors LLC

Miracle Mile Advisors LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 7.5% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 15,440 shares of the enterprise software provider’s stock after purchasing an additional 1,076 shares during the period. Miracle Mile Advisors LLC’s holdings in Oracle were worth $2,180,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Contour Asset Management LLC increased its holdings in Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after buying an additional 643,490 shares in the last quarter. Hancock Whitney Corp grew its stake in Oracle by 12.7% during the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after acquiring an additional 3,291 shares in the last quarter. Heritage Wealth Advisors grew its stake in Oracle by 0.6% during the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after acquiring an additional 109 shares in the last quarter. Seven Mile Advisory grew its stake in Oracle by 10.6% during the 4th quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock valued at $552,000 after acquiring an additional 502 shares in the last quarter. Finally, Goelzer Investment Management Inc. grew its stake in Oracle by 25.0% during the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after acquiring an additional 1,500 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In related 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 sale, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. In related 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 sale, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the SEC, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the firm’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 sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock valued at $266,776,624 in the last ninety days. Insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several analysts recently issued reports on ORCL shares. Stifel Nicolaus upped their price objective on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, June 12th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Sanford C. Bernstein boosted their target price on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. Bank of America upped their price objective on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. Finally, Guggenheim restated a “buy” rating and issued a $175.00 price objective on shares of Oracle in a report on Tuesday, June 25th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Stock Up 0.4 %

Shares of NYSE:ORCL traded up $0.54 during trading hours on Friday, reaching $137.47. The stock had a trading volume of 4,893,787 shares, compared to its average volume of 8,289,465. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The firm’s 50 day moving average is $138.39 and its 200-day moving average is $125.71. The stock has a market capitalization of $378.85 billion, a price-to-earnings ratio of 37.05, a P/E/G ratio of 2.39 and a beta of 1.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $146.59.

Oracle (NYSE:ORCL) last posted its 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 company had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the business earned $1.35 earnings per share. Research analysts predict that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.16%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is 43.13%.

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.