Oppenheimer & Co. Inc. Raises Stake in Oracle Co. (NYSE:ORCL)

Oppenheimer & Co. Inc. lifted its holdings in Oracle Co. (NYSE:ORCL) by 58.4% in the second quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 60,013 shares of the enterprise software provider’s stock after acquiring an additional 22,124 shares during the period. Oppenheimer & Co. Inc.’s holdings in Oracle were worth $8,474,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Westend Capital Management LLC purchased a new position in shares of Oracle during the first quarter valued at about $25,000. Tidemark LLC bought a new position in Oracle during the fourth quarter valued at approximately $29,000. Frank Rimerman Advisors LLC purchased a new position in Oracle during the 4th quarter valued at approximately $30,000. POM Investment Strategies LLC bought a new stake in Oracle in the 2nd quarter worth approximately $30,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle during the 2nd quarter worth approximately $35,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred 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 transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were 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 directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, 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 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 $379,042,045.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 1,862,500 shares of company stock valued at $266,776,624. Company insiders own 42.80% of the company’s stock.

Oracle Stock Up 0.4 %

Shares of NYSE:ORCL opened at $162.00 on Friday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The business’s 50 day moving average is $139.85 and its 200 day moving average is $129.90. The stock has a market cap of $446.45 billion, a P/E ratio of 43.67, a price-to-earnings-growth ratio of 2.89 and a beta of 1.01. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $173.93.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.95 EPS. Sell-side analysts predict that Oracle Co. will post 5.03 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.99%. Oracle’s dividend payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

A number of research firms recently issued reports on ORCL. Sanford C. Bernstein upped their price target on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. JPMorgan Chase & Co. increased their price target on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. JMP Securities upgraded Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Tuesday. Deutsche Bank Aktiengesellschaft upped their price objective on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Finally, Evercore ISI boosted their target price on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday. Eleven research analysts have rated the stock with a hold rating and nineteen have issued a buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $159.68.

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.