BLB&B Advisors LLC Has $908,000 Holdings in Oracle Co. (NYSE:ORCL)

BLB&B Advisors LLC raised its position in shares of Oracle Co. (NYSE:ORCL) by 12.0% in the second quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 6,428 shares of the enterprise software provider’s stock after purchasing an additional 689 shares during the period. BLB&B Advisors LLC’s holdings in Oracle were worth $908,000 as of its most recent SEC filing.

Several other institutional investors have also made changes to their positions in ORCL. Werlinich Asset Management LLC lifted its stake in Oracle by 3.1% in the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock valued at $326,000 after acquiring an additional 70 shares in the last quarter. RFP Financial Group LLC lifted its position in Oracle by 2.7% during the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after buying an additional 75 shares in the last quarter. ERn Financial LLC boosted its stake in shares of Oracle by 0.6% during the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after buying an additional 80 shares during the last quarter. Abich Financial Wealth Management LLC increased its position in shares of Oracle by 18.0% in the first quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after acquiring an additional 81 shares during the last quarter. Finally, Hoxton Planning & Management LLC raised its holdings in Oracle by 2.6% during the second quarter. Hoxton Planning & Management LLC now owns 3,278 shares of the enterprise software provider’s stock worth $463,000 after acquiring an additional 82 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

ORCL stock traded down $0.59 during mid-day trading on Wednesday, hitting $137.89. The stock had a trading volume of 3,020,094 shares, compared to its average volume of 8,073,583. The firm has a fifty day simple moving average of $138.78 and a 200 day simple moving average of $127.01. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $146.59. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The firm has a market capitalization of $380.01 billion, a P/E ratio of 37.17, a P/E/G ratio of 2.49 and a beta of 1.02.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the firm earned $1.35 earnings per share. The firm’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, research analysts forecast that Oracle Co. will post 5.02 EPS for the current year.

Oracle Announces Dividend

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

Insiders Place Their Bets

In related 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 sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Oracle news, insider Edward Screven sold 37,221 shares of the stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total value of $5,218,011.99. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $368,246,045.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of brokerages recently weighed in on ORCL. Evercore ISI boosted their target price on shares of Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a report on Wednesday, June 12th. Deutsche Bank Aktiengesellschaft raised their target price on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. JMP Securities reissued a “market perform” rating on shares of Oracle in a research report on Tuesday, June 11th. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Finally, Morgan Stanley reissued an “equal weight” rating and set a $125.00 target price on shares of Oracle in a report on Tuesday, June 25th. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

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.