Oracle Co. (NYSE:ORCL) Shares Acquired by Sunbelt Securities Inc.

Sunbelt Securities Inc. lifted its position in shares of Oracle Co. (NYSE:ORCL) by 4.8% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 7,758 shares of the enterprise software provider’s stock after purchasing an additional 357 shares during the quarter. Sunbelt Securities Inc.’s holdings in Oracle were worth $974,000 as of its most recent filing with the SEC.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Orion Capital Management LLC purchased a new position in shares of Oracle in the 3rd quarter valued at $25,000. Westend Capital Management LLC acquired a new position in shares of Oracle during the first quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new stake in shares of Oracle in the third quarter worth about $27,000. Tidemark LLC acquired a new stake in shares of Oracle in the fourth quarter valued at about $29,000. Finally, Nordwand Advisors LLC purchased a new stake in shares of Oracle during the 4th quarter valued at about $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other news, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred 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 sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, 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 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 Securities & Exchange Commission, which is available through the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of Oracle stock in a transaction dated 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 in the company, valued at $30,157,101.44. The disclosure for this sale can be found here. Insiders sold 385,639 shares of company stock valued at $53,002,729 in the last ninety days. Company insiders own 42.80% of the company’s stock.

Analyst Ratings Changes

Several brokerages have issued reports on ORCL. The Goldman Sachs Group increased their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research report on Wednesday, March 13th. Guggenheim reiterated a “buy” rating and issued a $175.00 price objective on shares of Oracle in a report on Tuesday. KeyCorp raised their target price on Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research note on Wednesday, June 12th. HSBC boosted their price target on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research note on Wednesday, March 13th. Finally, Argus upped their target price on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Fourteen analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Up 1.4 %

Shares of Oracle stock opened at $140.21 on Friday. The stock has a market capitalization of $386.40 billion, a price-to-earnings ratio of 37.79, a PEG ratio of 2.51 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $145.32. 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 business’s 50 day simple moving average is $124.23 and its 200-day simple moving average is $117.62.

Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period in the prior year, the business earned $1.35 earnings per share. Oracle’s quarterly revenue was up 3.3% on a year-over-year basis. Equities research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be given a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 annualized dividend and a yield of 1.14%. Oracle’s dividend payout ratio is presently 43.13%.

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.