Roberts Wealth Advisors LLC Has $1.74 Million Position in Oracle Co. (NYSE:ORCL)

Roberts Wealth Advisors LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 1.7% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 14,501 shares of the enterprise software provider’s stock after buying an additional 247 shares during the quarter. Roberts Wealth Advisors LLC’s holdings in Oracle were worth $1,738,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Orion Capital Management LLC bought a new position in Oracle in the third quarter valued at about $25,000. Westend Capital Management LLC bought a new position in Oracle in the first quarter valued at about $25,000. Spartan Planning & Wealth Management bought a new position in Oracle in the third quarter valued at about $27,000. Tidemark LLC bought a new position in Oracle in the fourth quarter valued at about $29,000. Finally, Nordwand Advisors LLC bought a new position in Oracle in the fourth quarter valued at about $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

Several equities analysts recently issued reports on ORCL shares. Deutsche Bank Aktiengesellschaft raised their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a report on Monday, June 17th. DA Davidson restated a “neutral” rating and set a $105.00 target price on shares of Oracle in a report on Wednesday, June 12th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. Guggenheim restated a “buy” rating and set a $175.00 target price on shares of Oracle in a report on Tuesday, June 25th. Finally, Argus raised their target price on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a report on Tuesday, June 18th. Fourteen 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.com, the company has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Stock Up 0.7 %

NYSE:ORCL opened at $141.20 on Monday. The firm has a market capitalization of $389.13 billion, a price-to-earnings ratio of 38.06, a price-to-earnings-growth ratio of 2.56 and a beta of 1.02. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $145.32. The stock’s 50 day moving average price is $125.24 and its two-hundred day moving average price is $118.19. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25.

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 return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the firm posted $1.35 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. Equities research analysts expect that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders 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 1.13%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Transactions at Oracle

In related news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction on 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 completion of the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,068,976. The disclosure for this sale can be found here. In the last three months, insiders sold 385,639 shares of company stock worth $53,002,729. 42.80% of the stock is owned by company insiders.

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.