Alaethes Wealth LLC Grows Stock Holdings in Oracle Co. (NYSE:ORCL)

Alaethes Wealth LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 2.6% during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 15,247 shares of the enterprise software provider’s stock after acquiring an additional 385 shares during the period. Alaethes Wealth LLC’s holdings in Oracle were worth $2,153,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in the stock. Westend Capital Management LLC purchased a new stake in shares of Oracle in the first quarter worth about $25,000. Fairway Wealth LLC purchased a new stake in Oracle in the 2nd quarter worth approximately $27,000. Tidemark LLC bought a new position in Oracle in the 4th quarter valued at $29,000. Frank Rimerman Advisors LLC purchased a new position in shares of Oracle during the 4th quarter valued at $30,000. Finally, POM Investment Strategies LLC bought a new position in shares of Oracle in the second quarter worth $30,000. 42.44% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent analyst reports. JPMorgan Chase & Co. boosted their target price on Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Guggenheim upped their target price on Oracle from $185.00 to $200.00 and gave the stock a “buy” rating in a research note on Friday, September 13th. DA Davidson lifted their price target on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday, September 10th. Finally, Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price objective for the company in a research note on Monday, September 16th. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and an average target price of $163.88.

Insider Buying and Selling at Oracle

In other Oracle 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 completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $368,246,045.16. The sale was disclosed in a legal filing with the SEC, which is available through this link. In other Oracle news, insider Edward Screven sold 37,221 shares of Oracle 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 sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $368,246,045.16. The transaction was disclosed in a legal filing with the SEC, which is available at the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction 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 disclosure for this sale can be found here. In the last three months, insiders have sold 1,610,402 shares of company stock worth $230,556,257. Insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $167.96 on Friday. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $173.99. The company’s 50-day moving average is $142.30 and its 200 day moving average is $131.81. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock has a market capitalization of $465.41 billion, a P/E ratio of 45.27, a P/E/G ratio of 3.21 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 earnings per share. On average, sell-side analysts expect 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, October 24th. Investors of record on Thursday, October 10th will be issued a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s payout ratio is currently 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.