LJI Wealth Management LLC Acquires 3,248 Shares of Oracle Co. (NYSE:ORCL)

LJI Wealth Management LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 201.7% in the second quarter, HoldingsChannel.com reports. The fund owned 4,858 shares of the enterprise software provider’s stock after buying an additional 3,248 shares during the quarter. LJI Wealth Management LLC’s holdings in Oracle were worth $686,000 at the end of the most recent reporting period.

Other institutional investors have also recently made changes to their positions in the company. Werlinich Asset Management LLC boosted its stake in Oracle by 3.1% during the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock worth $326,000 after purchasing an additional 70 shares during the last quarter. RFP Financial Group LLC boosted its position in Oracle by 2.7% during the second quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after acquiring an additional 75 shares during the last quarter. ERn Financial LLC grew its stake in Oracle by 0.6% during the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock valued at $1,823,000 after acquiring an additional 80 shares in the last quarter. Key Financial Inc grew its stake in Oracle by 1.2% during the 2nd quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock valued at $932,000 after acquiring an additional 80 shares in the last quarter. Finally, Abich Financial Wealth Management LLC raised its holdings in Oracle by 18.0% in the 1st quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock valued at $67,000 after acquiring an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insiders Place Their Bets

In other news, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction on Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The disclosure for this sale can be found here. Insiders sold 1,610,402 shares of company stock worth $230,556,257 in the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $164.49 on Thursday. The company has a market cap of $453.31 billion, a price-to-earnings ratio of 44.34, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $173.99. The company has a fifty day simple moving average of $141.34 and a two-hundred day simple moving average of $131.19.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. Oracle’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the business earned $0.95 EPS. As a group, equities analysts anticipate that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.97%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Analyst Ratings Changes

A number of research firms have recently issued reports on ORCL. Deutsche Bank Aktiengesellschaft upped their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Evercore ISI raised their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research note on Tuesday, September 10th. Argus boosted their price target on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. DA Davidson raised their price objective on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, TD Cowen boosted their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a report on Tuesday, September 10th. Eleven research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, Oracle has an average rating of “Moderate Buy” and an average price target of $163.88.

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.