MCF Advisors LLC Has $873,000 Position in Oracle Co. (NYSE:ORCL)

MCF Advisors LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 2.2% during the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 6,186 shares of the enterprise software provider’s stock after acquiring an additional 132 shares during the quarter. MCF Advisors LLC’s holdings in Oracle were worth $873,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently modified their holdings of ORCL. CapWealth Advisors LLC acquired a new position in shares of Oracle during the 2nd quarter worth about $4,181,000. Hill Investment Group Partners LLC bought a new position in Oracle in the 2nd quarter valued at about $230,000. Bordeaux Wealth Advisors LLC increased its stake in shares of Oracle by 1.6% during the second quarter. Bordeaux Wealth Advisors LLC now owns 6,144 shares of the enterprise software provider’s stock worth $868,000 after purchasing an additional 96 shares during the period. First Business Financial Services Inc. acquired a new stake in shares of Oracle during the second quarter worth $224,000. Finally, SouthState Corp raised its stake in Oracle by 7.0% in the 2nd quarter. SouthState Corp now owns 156,803 shares of the enterprise software provider’s stock worth $22,141,000 after purchasing an additional 10,203 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent analyst reports. Stifel Nicolaus upped their price objective on shares of Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, June 12th. KeyCorp boosted their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. DA Davidson reissued a “neutral” rating and set a $105.00 target price on shares of Oracle in a research report on Wednesday, June 12th. StockNews.com downgraded Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. Finally, Bank of America boosted their price target on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. According to data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Trading Up 1.3 %

Shares of Oracle stock opened at $142.61 on Friday. 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 stock has a fifty day simple moving average of $138.70 and a 200 day simple moving average of $128.12. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $146.59. The company has a market capitalization of $393.01 billion, a P/E ratio of 38.44, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted 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). The firm had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s quarterly revenue was up 3.3% on a year-over-year basis. During the same quarter last year, the business posted $1.35 EPS. On average, sell-side analysts anticipate that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed 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 annualized dividend and a yield of 1.12%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio is 43.13%.

Insider Buying and Selling at Oracle

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