Oracle Co. (NYSE:ORCL) Shares Purchased by Sunbelt Securities Inc.

Sunbelt Securities Inc. increased its stake in Oracle Co. (NYSE:ORCL) by 4.8% in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 7,758 shares of the enterprise software provider’s stock after purchasing an additional 357 shares during the period. Sunbelt Securities Inc.’s holdings in Oracle were worth $974,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently bought and sold shares of ORCL. Invst LLC raised its stake in Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after acquiring an additional 86 shares during the last quarter. Nemes Rush Group LLC raised its stake in shares of Oracle by 1.2% in the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock worth $773,000 after purchasing an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC boosted its position in Oracle by 1.1% in the fourth 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 position in Oracle by 2.9% in the fourth 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. increased its holdings in 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 worth $3,525,000 after buying an additional 90 shares during the period. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling

In other news, insider Edward Screven sold 235,918 shares of the stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The transaction was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director George H. Conrades sold 25,000 shares of the company’s stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The sale was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, insider Edward Screven sold 235,918 shares of Oracle 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 completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 385,639 shares of company stock worth $53,002,729. Insiders own 42.80% of the company’s stock.

Oracle Stock Up 1.4 %

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

Oracle (NYSE:ORCL) last posted its quarterly 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). The company had revenue of $14.29 billion during 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%. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business posted $1.35 EPS. As a group, analysts forecast 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 issued 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%.

Analysts Set New Price Targets

ORCL has been the topic of several recent research reports. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Citigroup cut their price target on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research report on Monday, June 10th. Mizuho boosted their price objective on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a report on Monday, June 17th. The Goldman Sachs Group raised their target price on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a report on Wednesday, March 13th. Finally, JPMorgan Chase & Co. boosted their price target on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a report on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. According to data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and an average target price of $145.83.

About Oracle

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.