Oracle Co. (NYSE:ORCL) Shares Bought by Strata Wealth Advisors LLC

Strata Wealth Advisors LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL) by 49.7% during the second quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 2,410 shares of the enterprise software provider’s stock after purchasing an additional 800 shares during the period. Strata Wealth Advisors LLC’s holdings in Oracle were worth $340,000 at the end of the most recent quarter.

Other hedge funds have also modified their holdings of the company. Westend Capital Management LLC purchased a new stake in shares of Oracle in the first quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in Oracle during the 2nd quarter worth about $27,000. Frank Rimerman Advisors LLC purchased a new position in Oracle during the 4th quarter valued at about $30,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter valued at about $30,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the second quarter worth approximately $35,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Analyst Ratings Changes

Several research analysts have weighed in on the stock. Jefferies Financial Group upped their price objective on shares of Oracle from $170.00 to $190.00 and gave the company a “buy” rating in a research note on Monday, September 16th. Sanford C. Bernstein lifted their price objective on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. JMP Securities raised Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 target price on the stock in a research report on Tuesday, September 10th. Morgan Stanley lifted their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a report on Tuesday, September 10th. Finally, Mizuho raised their price objective on shares of Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Ten equities research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average target price of $166.13.

Oracle Stock Performance

ORCL opened at $165.93 on Tuesday. The stock has a market cap of $457.28 billion, a PE ratio of 44.73, a P/E/G ratio of 3.21 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 stock’s 50 day simple moving average is $142.76 and its 200-day simple moving average is $132.46. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The company had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business’s revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.95 EPS. Sell-side analysts forecast that Oracle Co. will post 5.01 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued 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 dividend yield of 0.96%. Oracle’s payout ratio is presently 43.13%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 6,320 shares of the stock in a transaction on Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the completion of 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, insider Edward Screven sold 37,221 shares of the firm’s stock in a transaction on 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 completion of the sale, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $368,246,045.16. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Also, EVP Maria Smith sold 6,320 shares of the business’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 transaction, the executive vice president now directly owns 42,889 shares in the company, valued at approximately $7,076,685. The disclosure for this sale can be found here. Insiders sold 1,610,402 shares of company stock worth $230,556,257 in the last 90 days. 42.80% of the stock is owned by company insiders.

Oracle 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.