Congress Wealth Management LLC DE Has $13.07 Million Stock Position in Oracle Co. (NYSE:ORCL)

Congress Wealth Management LLC DE boosted its holdings in Oracle Co. (NYSE:ORCLFree Report) by 2.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 104,021 shares of the enterprise software provider’s stock after buying an additional 2,640 shares during the quarter. Congress Wealth Management LLC DE’s holdings in Oracle were worth $13,066,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors have also recently bought and sold shares of the business. Vanguard Group Inc. boosted its holdings in shares of Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock valued at $15,599,200,000 after acquiring an additional 7,883,515 shares in the last quarter. Capital World Investors boosted its stake in shares of Oracle by 22.1% during the fourth quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock valued at $1,938,242,000 after purchasing an additional 3,323,334 shares in the last quarter. Parnassus Investments LLC grew its holdings in shares of Oracle by 17.7% during the fourth quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider’s stock worth $1,539,268,000 after purchasing an additional 2,191,342 shares during the last quarter. Putnam Investments LLC increased its stake in shares of Oracle by 6.0% in the fourth quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider’s stock valued at $1,300,941,000 after buying an additional 697,961 shares during the period. Finally, Charles Schwab Investment Management Inc. raised its holdings in Oracle by 1.7% in the 4th quarter. Charles Schwab Investment Management Inc. now owns 11,909,069 shares of the enterprise software provider’s stock valued at $1,223,775,000 after buying an additional 204,546 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the subject of several recent research reports. JPMorgan Chase & Co. upped their price target 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. Guggenheim reaffirmed a “buy” rating and set a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. HSBC upped their price target on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a research report on Wednesday, March 13th. Morgan Stanley restated an “equal weight” rating and set a $125.00 price objective on shares of Oracle in a research report on Tuesday, June 25th. Finally, The Goldman Sachs Group upped their target price on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. 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 MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Get Our Latest Research Report on Oracle

Insider Transactions at Oracle

In related news, insider Edward Screven sold 37,221 shares of the business’s 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 sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $368,246,045.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. In other news, insider Edward Screven sold 37,221 shares of the firm’s stock in a transaction that occurred on Wednesday, June 26th. The shares were 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 document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director George H. Conrades sold 20,000 shares of the company’s stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. In the last 90 days, insiders sold 385,639 shares of company stock worth $53,002,729. 42.80% of the stock is owned by company insiders.

Oracle Stock Up 1.3 %

ORCL stock opened at $143.09 on Tuesday. The stock has a market cap of $394.34 billion, a P/E ratio of 38.57, a P/E/G ratio of 2.56 and a beta of 1.02. 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’s fifty day simple moving average is $125.24 and its two-hundred day simple moving average is $118.19. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $145.32.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.12%. Oracle’s dividend payout ratio is presently 43.13%.

Oracle Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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