Sei Investments Co. Raises Stock Holdings in Oracle Co. (NYSE:ORCL)

Sei Investments Co. grew its stake in shares of Oracle Co. (NYSE:ORCL) by 21.4% during the second quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 1,296,012 shares of the enterprise software provider’s stock after buying an additional 228,440 shares during the period. Sei Investments Co.’s holdings in Oracle were worth $182,998,000 at the end of the most recent reporting period.

A number of other hedge funds also recently made changes to their positions in the stock. Pacer Advisors Inc. boosted its position in shares of Oracle by 36.0% in the second quarter. Pacer Advisors Inc. now owns 147,705 shares of the enterprise software provider’s stock worth $20,856,000 after purchasing an additional 39,107 shares during the period. Skandinaviska Enskilda Banken AB publ lifted its stake in shares of Oracle by 47.5% during the 2nd quarter. Skandinaviska Enskilda Banken AB publ now owns 518,445 shares of the enterprise software provider’s stock valued at $73,204,000 after buying an additional 166,855 shares in the last quarter. AE Wealth Management LLC boosted its holdings in Oracle by 97.7% in the 2nd quarter. AE Wealth Management LLC now owns 56,034 shares of the enterprise software provider’s stock worth $7,912,000 after buying an additional 27,685 shares during the period. Bridges Investment Management Inc. increased its stake in Oracle by 16.4% in the 2nd quarter. Bridges Investment Management Inc. now owns 22,670 shares of the enterprise software provider’s stock worth $3,201,000 after buying an additional 3,191 shares in the last quarter. Finally, Callan Capital LLC raised its holdings in Oracle by 1.2% during the second quarter. Callan Capital LLC now owns 21,280 shares of the enterprise software provider’s stock valued at $3,005,000 after acquiring an additional 253 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Up 0.2 %

ORCL stock opened at $167.96 on Friday. The firm’s fifty day simple moving average is $142.30 and its two-hundred day simple moving average is $131.81. The stock has a market capitalization of $465.41 billion, a price-to-earnings ratio of 45.27, a price-to-earnings-growth ratio of 3.21 and a beta of 1.01. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $173.99.

Oracle (NYSE:ORCL) last issued its quarterly 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. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The company had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the prior year, the firm posted $0.95 EPS. The firm’s revenue was up 6.9% compared to the same quarter last year. As a group, analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 dividend on an annualized basis and a yield of 0.95%. Oracle’s payout ratio is 43.13%.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated 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 directly owns 42,889 shares in the company, valued at $7,076,685. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. In related news, EVP Maria Smith sold 6,320 shares of the business’s stock in a transaction that occurred 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 owns 42,889 shares in the company, valued at $7,076,685. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The stock was 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. Over the last ninety days, insiders sold 1,610,402 shares of company stock worth $230,556,257. 42.80% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

Several analysts recently issued reports on ORCL shares. Bank of America increased their target price on Oracle from $155.00 to $175.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Barclays upped their price target on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. Jefferies Financial Group lifted their price objective on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research report on Monday, September 16th. DA Davidson upped their target price on shares of Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. Finally, JMP Securities upgraded shares of Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target on the stock in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price 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.