Oracle Co. (NYSE:ORCL) Stock Position Boosted by International Assets Investment Management LLC

International Assets Investment Management LLC grew its holdings in shares of Oracle Co. (NYSE:ORCL) by 5.6% in the 1st quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 12,620 shares of the enterprise software provider’s stock after purchasing an additional 673 shares during the period. International Assets Investment Management LLC’s holdings in Oracle were worth $1,584,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors also recently made changes to their positions in the company. Orion Capital Management LLC purchased a new stake in Oracle during the third quarter valued at about $25,000. Spartan Planning & Wealth Management purchased a new stake in Oracle during the third quarter valued at about $27,000. Tidemark LLC purchased a new stake in Oracle during the fourth quarter valued at about $29,000. Nordwand Advisors LLC purchased a new stake in Oracle during the fourth quarter valued at about $30,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in Oracle during the fourth quarter valued at about $30,000. Institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 1.0 %

Shares of NYSE:ORCL opened at $141.50 on Monday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.32. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.85 and a current ratio of 0.71. The company’s fifty day moving average is $123.07 and its 200-day moving average is $117.11. The company has a market capitalization of $388.91 billion, a PE ratio of 38.14, a P/E/G ratio of 2.59 and a beta of 1.01.

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

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Investors 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 annualized dividend and a yield of 1.13%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Analyst Ratings Changes

A number of analysts have commented on ORCL shares. Argus upped their price objective on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Citigroup reduced their price target on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. KeyCorp increased their price target on shares of Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research report on Wednesday, June 12th. Finally, DA Davidson reissued a “neutral” rating and issued a $105.00 price target on shares of Oracle in a research report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the stock. According to data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $144.79.

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The sale was disclosed in a filing with the SEC, which can be accessed through this link. In other Oracle news, CEO Safra Catz sold 790,000 shares of the business’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction dated Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the sale, the director now directly owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The disclosure for this sale can be found here. Insiders have sold a total of 880,000 shares of company stock worth $110,488,150 in the last 90 days. Corporate 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.