CapWealth Advisors LLC Buys New Stake in Oracle Co. (NYSE:ORCL)

CapWealth Advisors LLC purchased a new position in shares of Oracle Co. (NYSE:ORCL) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The fund purchased 29,612 shares of the enterprise software provider’s stock, valued at approximately $4,181,000.

Several other institutional investors and hedge funds have also made changes to their positions in the business. Contour Asset Management LLC boosted 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 purchasing an additional 643,490 shares in the last quarter. Hancock Whitney Corp boosted its holdings in shares of Oracle by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after buying an additional 3,291 shares in the last quarter. Heritage Wealth Advisors grew its position in shares of Oracle by 0.6% in the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock valued at $1,792,000 after buying an additional 109 shares during the last quarter. Seven Mile Advisory grew its position in shares of Oracle by 10.6% in the 4th quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock valued at $552,000 after buying an additional 502 shares during the last quarter. Finally, Goelzer Investment Management Inc. raised 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 worth $941,000 after acquiring an additional 1,500 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The shares were 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 directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a legal filing with the SEC, which is available through this hyperlink. In other news, 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 value of $2,068,350.00. Following the completion of the transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle 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 of the company’s stock, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is owned by company insiders.

Analyst Upgrades and Downgrades

ORCL has been the subject of several research analyst reports. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. TD Cowen lifted their price target on Oracle from $145.00 to $165.00 and gave the stock a “buy” rating in a research report on Wednesday, June 12th. Guggenheim reissued a “buy” rating and issued a $175.00 price objective on shares of Oracle in a report on Tuesday, June 25th. Finally, Argus raised their target price on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Stock Up 1.3 %

ORCL opened at $142.61 on Friday. 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 12 month low of $99.26 and a 12 month high of $146.59. The stock has a market capitalization of $393.01 billion, a P/E ratio of 38.44, a P/E/G ratio of 2.55 and a beta of 1.01. The business has a 50 day simple moving average of $138.70 and a 200-day simple moving average of $128.12.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The business had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. During the same quarter in the previous year, the company posted $1.35 EPS. The company’s revenue was up 3.3% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed 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. This represents a $1.60 dividend on an annualized basis and a yield of 1.12%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

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.