LJI Wealth Management LLC Acquires 3,248 Shares of Oracle Co. (NYSE:ORCL)

LJI Wealth Management LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 201.7% during the second quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 4,858 shares of the enterprise software provider’s stock after buying an additional 3,248 shares during the quarter. LJI Wealth Management LLC’s holdings in Oracle were worth $686,000 at the end of the most recent quarter.

Several other large investors have also recently modified their holdings of ORCL. Fairway Wealth LLC purchased a new position in Oracle in the 2nd quarter worth approximately $27,000. Westend Capital Management LLC bought a new position in shares of Oracle in the first quarter worth approximately $25,000. POM Investment Strategies LLC purchased a new position in shares of Oracle in the second quarter worth $30,000. Bbjs Financial Advisors LLC bought a new stake in Oracle during the 2nd quarter valued at $35,000. Finally, Tidemark LLC purchased a new stake in Oracle during the 4th quarter valued at $29,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of NYSE:ORCL opened at $164.49 on Thursday. The business has a 50-day simple moving average of $141.34 and a two-hundred day simple moving average of $131.19. The company has a debt-to-equity ratio of 6.68, a quick ratio of 0.72 and a current ratio of 0.72. The firm has a market cap of $453.31 billion, a price-to-earnings ratio of 44.34, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $173.99.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The company’s revenue was up 6.9% compared to the same quarter last year. During the same period in the prior year, the firm earned $0.95 EPS. On average, analysts expect that Oracle Co. will post 5.06 earnings per share for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.97%. Oracle’s payout ratio is 43.13%.

Insider Buying and Selling at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the stock in a transaction that occurred on Monday, September 16th. The shares were sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at approximately $7,076,685. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the completion of the sale, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders sold a total of 1,610,402 shares of company stock worth $230,556,257 in the last three months. 42.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

A number of analysts have recently weighed in on ORCL shares. Oppenheimer reiterated a “market perform” rating on shares of Oracle in a report on Tuesday, September 10th. Argus lifted their price target on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a report on Tuesday, June 18th. TD Cowen boosted their price objective on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research report on Tuesday, September 10th. DA Davidson boosted their price target on shares of Oracle from $105.00 to $140.00 and gave the company a “neutral” rating in a research report on Tuesday, September 10th. Finally, Mizuho raised their price objective on shares of Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $163.88.

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.