Oracle Co. (NYSE:ORCL) Stake Reduced by Jeppson Wealth Management LLC

Jeppson Wealth Management LLC decreased its holdings in shares of Oracle Co. (NYSE:ORCL) by 0.4% in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 27,874 shares of the enterprise software provider’s stock after selling 99 shares during the period. Oracle makes up 1.5% of Jeppson Wealth Management LLC’s portfolio, making the stock its 11th biggest holding. Jeppson Wealth Management LLC’s holdings in Oracle were worth $3,936,000 as of its most recent SEC filing.

Several other hedge funds also recently made changes to their positions in the business. Norges Bank purchased a new position in shares of Oracle during the fourth quarter valued at $1,210,181,000. Janus Henderson Group PLC boosted its position in Oracle by 148.8% during 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 grew its stake in Oracle by 382.4% during the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock valued at $481,820,000 after acquiring an additional 3,617,413 shares in the last quarter. Capital World Investors increased its holdings in shares of Oracle by 22.1% in the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after purchasing an additional 3,323,334 shares during the period. Finally, PineStone Asset Management Inc. lifted its position in shares of Oracle by 131.2% in the second quarter. PineStone Asset Management Inc. now owns 3,911,201 shares of the enterprise software provider’s stock worth $552,262,000 after purchasing an additional 2,219,450 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Up 0.6 %

Shares of NYSE ORCL opened at $143.46 on Friday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $146.59. The firm’s 50-day simple moving average is $138.70 and its 200 day simple moving average is $128.12. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The company has a market cap of $395.36 billion, a price-to-earnings ratio of 38.44, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) 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%. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.35 earnings per share. On average, research analysts expect that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Activity

In related news, insider Edward Screven sold 235,918 shares of Oracle 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 directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In other news, insider Edward Screven sold 235,918 shares of the firm’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 owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of Oracle stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the sale, the director now directly owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock valued at $266,776,624 over the last 90 days. 42.80% of the stock is owned by company insiders.

Wall Street Analyst Weigh In

ORCL has been the topic of several research analyst reports. Guggenheim restated a “buy” rating and set a $175.00 price target on shares of Oracle in a report on Tuesday, June 25th. StockNews.com lowered Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Deutsche Bank Aktiengesellschaft raised their price target on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Morgan Stanley reissued an “equal weight” rating and issued a $125.00 price target on shares of Oracle in a research note on Tuesday, June 25th. Finally, DA Davidson reaffirmed a “neutral” rating and set a $105.00 price objective on shares of Oracle in a research report on Wednesday, June 12th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and a consensus target price 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.