Global Assets Advisory LLC Takes $32.63 Million Position in Oracle Co. (NYSE:ORCL)

Global Assets Advisory LLC purchased a new stake in Oracle Co. (NYSE:ORCL) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund purchased 259,744 shares of the enterprise software provider’s stock, valued at approximately $32,626,000.

Several other institutional investors have also made changes to their positions in ORCL. Westend Capital Management LLC acquired a new stake in Oracle during the 1st quarter worth about $25,000. Orion Capital Management LLC bought a new position in shares of Oracle during the 3rd quarter worth approximately $25,000. Spartan Planning & Wealth Management bought a new position in shares of Oracle during the 3rd quarter worth approximately $27,000. Tidemark LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $29,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. Insiders sold a total of 348,418 shares of company stock worth $47,784,717 in the last 90 days. 42.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

ORCL has been the subject of several analyst reports. Sanford C. Bernstein raised their price target on shares of Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. DA Davidson reaffirmed a “neutral” rating and set a $105.00 price objective on shares of Oracle in a report on Wednesday, June 12th. Citigroup dropped their price objective on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a report on Monday, June 10th. Stifel Nicolaus lifted their price objective on shares of Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a report on Wednesday, June 12th. Finally, UBS Group lifted their price objective on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $144.79.

Oracle Price Performance

Shares of ORCL opened at $139.85 on Tuesday. The company has a 50 day moving average price of $123.47 and a 200-day moving average price of $117.30. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $145.32. The stock has a market capitalization of $385.41 billion, a PE ratio of 37.70, a PEG ratio of 2.57 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

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

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a dividend of $0.40 per share. The ex-dividend date is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.14%. Oracle’s dividend payout ratio (DPR) is presently 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.