Oracle Co. (NYSE:ORCL) Shares Purchased by SRS Capital Advisors Inc.

SRS Capital Advisors Inc. raised its position in Oracle Co. (NYSE:ORCL) by 56.9% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 6,509 shares of the enterprise software provider’s stock after purchasing an additional 2,360 shares during the quarter. SRS Capital Advisors Inc.’s holdings in Oracle were worth $919,000 as of its most recent filing with the Securities and Exchange Commission.

Other hedge funds also recently made changes to their positions in the company. International Assets Investment Management LLC increased its holdings in shares of Oracle by 153.3% during the fourth quarter. International Assets Investment Management LLC now owns 11,947 shares of the enterprise software provider’s stock valued at $1,260,000 after purchasing an additional 7,230 shares during the period. Brio Consultants LLC raised its position in shares of Oracle by 4.1% during the 4th quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after buying an additional 117 shares in the last quarter. Precision Wealth Strategies LLC lifted its stake in shares of Oracle by 4.1% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock worth $417,000 after acquiring an additional 155 shares during the period. Gilbert & Cook Inc. acquired a new stake in shares of Oracle in the 4th quarter worth approximately $359,000. Finally, Aveo Capital Partners LLC bought a new position in shares of Oracle in the fourth quarter valued at approximately $290,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.6 %

ORCL traded down $0.80 during midday trading on Friday, hitting $141.81. 11,154,796 shares of the company’s stock traded hands, compared to its average volume of 8,056,655. 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 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 stock’s fifty day simple moving average is $138.72 and its 200-day simple moving average is $128.33. Oracle Co. has a one year low of $99.26 and a one year high of $146.59.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The business 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%. 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 firm posted $1.35 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Analyst Ratings Changes

A number of equities research analysts have weighed in on ORCL shares. Sanford C. Bernstein upped their target price on Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. BMO Capital Markets raised their target price on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. Citigroup lowered their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a report on Monday, June 10th. JPMorgan Chase & Co. raised their price objective on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Finally, Mizuho lifted their price objective on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat.com, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Insiders Place Their Bets

In related news, Director Jeffrey Berg sold 22,500 shares of the firm’s stock in a transaction on 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 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 Securities & Exchange Commission, which is accessible through this link. In related news, Director Jeffrey Berg sold 22,500 shares of the stock in a transaction that occurred 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 completion of the sale, the director now owns 210,712 shares in the company, valued at approximately $30,157,101.44. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on 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 completion of the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold 1,862,500 shares of company stock valued at $266,776,624 over the last 90 days. 42.80% of the stock is currently owned by company insiders.

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.