GoalVest Advisory LLC Buys Shares of 700 Oracle Co. (NYSE:ORCL)

GoalVest Advisory LLC bought a new stake in Oracle Co. (NYSE:ORCL) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 700 shares of the enterprise software provider’s stock, valued at approximately $88,000.

A number of other institutional investors have also recently added to or reduced their stakes in the business. Invst LLC boosted its holdings in shares of Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after buying an additional 86 shares during the last quarter. Nemes Rush Group LLC boosted its holdings in shares of Oracle by 1.2% in the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after buying an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC boosted its holdings in shares of Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after buying an additional 90 shares during the last quarter. Sovereign Financial Group Inc. boosted its holdings in shares of Oracle by 2.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after buying an additional 90 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. boosted its holdings in shares of Oracle by 0.3% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after buying an additional 90 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other news, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. In related news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the sale, the director now owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The disclosure for this sale can be found here. Insiders have sold a total of 385,639 shares of company stock valued at $53,002,729 over the last ninety days. 42.80% of the stock is owned by company insiders.

Analysts Set New Price Targets

Several brokerages have issued reports on ORCL. Stifel Nicolaus raised their price target on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, June 12th. Bank of America raised their price target on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. UBS Group raised their price target on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Guggenheim reiterated a “buy” rating and set a $175.00 price objective on shares of Oracle in a research report on Tuesday. Finally, Evercore ISI increased their price objective on Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and an average target price of $145.83.

Oracle Stock Performance

Shares of ORCL stock opened at $140.21 on Friday. The business’s 50-day moving average price is $124.23 and its 200-day moving average price is $117.62. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $145.32. The firm has a market capitalization of $386.40 billion, a price-to-earnings ratio of 37.79, a PEG ratio of 2.51 and a beta of 1.01. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25.

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

Oracle Announces Dividend

The business 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 $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.14%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Oracle Company 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.