Oracle Co. (NYSE:ORCL) Shares Bought by Profund Advisors LLC

Profund Advisors LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 6.5% during the second quarter, Holdings Channel reports. The institutional investor owned 33,811 shares of the enterprise software provider’s stock after buying an additional 2,057 shares during the period. Profund Advisors LLC’s holdings in Oracle were worth $4,774,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the business. Circle Wealth Management LLC raised its stake in Oracle by 81.6% in the second quarter. Circle Wealth Management LLC now owns 23,939 shares of the enterprise software provider’s stock valued at $3,380,000 after buying an additional 10,756 shares in the last quarter. Kowal Investment Group LLC raised its stake in Oracle by 2.3% in the second quarter. Kowal Investment Group LLC now owns 4,367 shares of the enterprise software provider’s stock valued at $617,000 after buying an additional 100 shares in the last quarter. Barrow Hanley Mewhinney & Strauss LLC raised its stake in Oracle by 1.6% in the second quarter. Barrow Hanley Mewhinney & Strauss LLC now owns 3,325,265 shares of the enterprise software provider’s stock valued at $469,527,000 after buying an additional 53,809 shares in the last quarter. Alaethes Wealth LLC increased its position in shares of Oracle by 2.6% during the second quarter. Alaethes Wealth LLC now owns 15,247 shares of the enterprise software provider’s stock worth $2,153,000 after purchasing an additional 385 shares in the last quarter. Finally, Legacy Financial Advisors Inc. increased its position in shares of Oracle by 2.7% during the second quarter. Legacy Financial Advisors Inc. now owns 18,953 shares of the enterprise software provider’s stock worth $2,676,000 after purchasing an additional 501 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Price Performance

Shares of NYSE:ORCL opened at $168.00 on Friday. The business’s 50 day simple moving average is $142.30 and its 200-day simple moving average is $131.96. The firm has a market capitalization 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. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $173.99.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle’s dividend payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

A number of analysts have recently commented on the company. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday, September 16th. Argus lifted their target price on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Morgan Stanley lifted their target price on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a research report on Tuesday, September 10th. Bank of America lifted their target price on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, Evercore ISI lifted their target price on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and a consensus price target of $166.13.

Insider Buying and Selling

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on 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 completion of the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on 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 completion of the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at $372,764,079.24. 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 ninety days. Insiders own 42.80% of the company’s stock.

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.