Oracle Co. (NYSE:ORCL) is Brighton Jones LLC’s 10th Largest Position

Brighton Jones LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 71.5% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 266,931 shares of the enterprise software provider’s stock after acquiring an additional 111,324 shares during the quarter. Oracle comprises approximately 1.2% of Brighton Jones LLC’s portfolio, making the stock its 10th biggest holding. Brighton Jones LLC’s holdings in Oracle were worth $37,691,000 as of its most recent SEC filing.

Several other large investors have also recently bought and sold shares of the business. ProVise Management Group LLC raised its position in Oracle by 6.8% in the second quarter. ProVise Management Group LLC now owns 122,622 shares of the enterprise software provider’s stock worth $17,314,000 after acquiring an additional 7,814 shares in the last quarter. Mark Sheptoff Financial Planning LLC increased its position in shares of Oracle by 52.2% in the second quarter. Mark Sheptoff Financial Planning LLC now owns 761 shares of the enterprise software provider’s stock valued at $107,000 after buying an additional 261 shares in the last quarter. WCG Wealth Advisors LLC increased its position in shares of Oracle by 26.9% in the second quarter. WCG Wealth Advisors LLC now owns 56,602 shares of the enterprise software provider’s stock valued at $7,992,000 after buying an additional 12,014 shares in the last quarter. LJI Wealth Management LLC increased its position in shares of Oracle by 201.7% in the second quarter. LJI Wealth Management LLC now owns 4,858 shares of the enterprise software provider’s stock valued at $686,000 after buying an additional 3,248 shares in the last quarter. Finally, Elo Mutual Pension Insurance Co increased its position in shares of Oracle by 0.5% in the second quarter. Elo Mutual Pension Insurance Co now owns 151,462 shares of the enterprise software provider’s stock valued at $21,386,000 after buying an additional 758 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, insider Edward Screven sold 37,221 shares of the firm’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $368,246,045.16. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, insider Edward Screven sold 37,221 shares of the business’s stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total value of $5,218,011.99. Following the completion of the sale, the insider now directly owns 2,626,764 shares in the company, valued at approximately $368,246,045.16. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction that occurred on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 1,610,402 shares of company stock worth $230,556,257. 42.80% of the stock is currently owned by company insiders.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of research analyst reports. Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Tuesday, September 10th. Evercore ISI lifted their price objective on Oracle from $160.00 to $175.00 and gave the stock an “outperform” rating in a research report on Tuesday, September 10th. Melius Research upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Monday. KeyCorp lifted their price objective on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Finally, Argus lifted their price objective on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Eleven investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and an average price target of $163.88.

Oracle Stock Performance

NYSE ORCL opened at $167.56 on Friday. The firm has a market capitalization of $461.77 billion, a P/E ratio of 45.16, a P/E/G ratio of 2.95 and a beta of 1.01. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $173.99. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The business’s 50-day simple moving average is $141.83 and its 200-day simple moving average is $131.44.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to the consensus estimate 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% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. Equities analysts predict that Oracle Co. will post 5.06 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be issued a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle’s payout ratio is currently 43.13%.

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.