Key Financial Inc Acquires 80 Shares of Oracle Co. (NYSE:ORCL)

Key Financial Inc increased its holdings in Oracle Co. (NYSE:ORCL) by 1.2% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 6,600 shares of the enterprise software provider’s stock after purchasing an additional 80 shares during the quarter. Key Financial Inc’s holdings in Oracle were worth $932,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds have also added to or reduced their stakes in the business. Contour Asset Management LLC boosted its stake in shares of Oracle by 41.5% during 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 during the period. Hancock Whitney Corp increased its stake in shares of Oracle by 12.7% in the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after buying an additional 3,291 shares during the period. Heritage Wealth Advisors raised its holdings in Oracle by 0.6% during 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 boosted its position in Oracle by 10.6% during 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 period. Finally, Goelzer Investment Management Inc. grew its holdings in Oracle by 25.0% in 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 during the last quarter. 42.44% of the stock is owned by institutional investors.

Wall Street Analyst Weigh In

Several brokerages have recently commented on ORCL. StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Evercore ISI upped their price target on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Argus lifted 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. BMO Capital Markets upped their target price on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a report on Monday, June 17th. Finally, JMP Securities reaffirmed a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the company has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Stock Up 1.4 %

NYSE ORCL traded up $1.89 during mid-day trading on Friday, reaching $141.31. The stock had a trading volume of 7,979,860 shares, compared to its average volume of 8,052,333. The stock has a market cap of $389.43 billion, a PE ratio of 38.09, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $146.59. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The company has a fifty day moving average price of $138.57 and a 200 day moving average price of $127.17.

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

Oracle Dividend Announcement

The business also recently disclosed 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. The ex-dividend date of this dividend was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Insider Buying and Selling

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

About Oracle

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.