AE Wealth Management LLC Grows Position in Oracle Co. (NYSE:ORCL)

AE Wealth Management LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 97.7% during the 2nd quarter, Holdings Channel.com reports. The firm owned 56,034 shares of the enterprise software provider’s stock after acquiring an additional 27,685 shares during the period. AE Wealth Management LLC’s holdings in Oracle were worth $7,912,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also made changes to their positions in the company. Brio Consultants LLC raised its holdings in Oracle by 4.1% during the fourth quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after purchasing an additional 117 shares during the last quarter. Precision Wealth Strategies LLC increased its position in shares of Oracle by 4.1% in the fourth quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock valued at $417,000 after buying an additional 155 shares in the last quarter. Gilbert & Cook Inc. acquired a new position in shares of Oracle during the 4th quarter worth $359,000. Aveo Capital Partners LLC purchased a new stake in shares of Oracle in the 4th quarter worth about $290,000. Finally, 9258 Wealth Management LLC grew its stake in Oracle by 0.6% in the 4th quarter. 9258 Wealth Management LLC now owns 90,285 shares of the enterprise software provider’s stock valued at $9,519,000 after acquiring an additional 560 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 0.2 %

Shares of ORCL stock opened at $168.00 on Friday. 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 fifty-two week low of $99.26 and a fifty-two week high of $173.99. The firm’s 50 day moving average price is $142.30 and its two-hundred day moving average price is $131.96. The stock has a market cap of $465.52 billion, a price-to-earnings ratio of 45.28, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the previous year, the business posted $0.95 EPS. The business’s quarterly revenue was up 6.9% on a year-over-year basis. On average, analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 37,221 shares of the company’s stock in a transaction that occurred on 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 in the company, valued at approximately $368,246,045.16. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. Also, 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 in the company, valued at approximately $368,246,045.16. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,610,402 shares of company stock worth $230,556,257. 42.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

Several brokerages have issued reports on ORCL. BMO Capital Markets upped their price target on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Barclays increased their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Stifel Nicolaus boosted their price target on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Finally, Piper Sandler boosted their target price on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. Based on data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus target price of $166.13.

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.