Kerusso Capital Management LLC Invests $3.64 Million in Oracle Co. (NYSE:ORCL)

Kerusso Capital Management LLC bought a new position in shares of Oracle Co. (NYSE:ORCL) during the 2nd quarter, according to the company in its most recent Form 13F filing with the SEC. The firm bought 25,758 shares of the enterprise software provider’s stock, valued at approximately $3,637,000. Oracle makes up approximately 2.6% of Kerusso Capital Management LLC’s portfolio, making the stock its 8th largest position.

Several other institutional investors have also recently added to or reduced their stakes in ORCL. Westend Capital Management LLC purchased a new position in shares of Oracle during the first quarter worth about $25,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the 2nd quarter valued at about $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle during the 2nd quarter worth approximately $35,000. Tidemark LLC acquired a new position in Oracle during the fourth quarter worth approximately $29,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in Oracle in the fourth quarter valued at approximately $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other 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 value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. In other Oracle news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $143.12, for a total value of $3,220,200.00. Following the completion of the sale, the director now 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 a total of 1,862,500 shares of company stock valued at $266,776,624 over the last ninety days. Corporate insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ORCL. Evercore ISI upped their price target on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Bank of America upped their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. JMP Securities reissued a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. Sanford C. Bernstein upped their price objective on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, Argus increased their price objective on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Fourteen investment analysts have rated the stock with a hold rating and sixteen have assigned a buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and an average target price of $145.87.

Oracle Stock Down 0.6 %

Shares of ORCL opened at $141.81 on Friday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59. The company’s fifty day moving average is $138.72 and its two-hundred day moving average is $128.47. The firm has a market cap of $390.81 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last issued its earnings results 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 firm had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. Oracle’s revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business posted $1.35 EPS. Analysts forecast that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Oracle 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.