Sunbelt Securities Inc. Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Sunbelt Securities Inc. raised its stake in Oracle Co. (NYSE:ORCL) by 7.0% during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 8,300 shares of the enterprise software provider’s stock after purchasing an additional 542 shares during the period. Sunbelt Securities Inc.’s holdings in Oracle were worth $1,172,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Werlinich Asset Management LLC grew its stake in Oracle by 3.1% during the 2nd quarter. Werlinich Asset Management LLC now owns 2,325 shares of the enterprise software provider’s stock valued at $326,000 after purchasing an additional 70 shares during the last quarter. RFP Financial Group LLC grew its stake in Oracle by 2.7% during the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock valued at $405,000 after purchasing an additional 75 shares during the last quarter. ERn Financial LLC boosted its stake in shares of Oracle by 0.6% in the second quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after buying an additional 80 shares during the last quarter. Key Financial Inc boosted its stake in shares of Oracle by 1.2% in the second quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock worth $932,000 after buying an additional 80 shares during the last quarter. Finally, Abich Financial Wealth Management LLC boosted its stake in shares of Oracle by 18.0% in the first quarter. Abich Financial Wealth Management LLC now owns 530 shares of the enterprise software provider’s stock worth $67,000 after buying an additional 81 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ORCL shares. Stifel Nicolaus upped their target price on Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a research note on Tuesday, September 10th. Barclays upped their target price on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research note on Tuesday, September 10th. UBS Group upped their target price on Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a research note on Tuesday, September 10th. TD Cowen increased their price target on Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research report on Tuesday, September 10th. Finally, Melius upgraded Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target on the stock in a research report on Monday, September 16th. Ten analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to MarketBeat.com, the company presently has an average rating of “Moderate Buy” and an average price target of $167.42.

Insider Transactions at Oracle

In other news, EVP Maria Smith sold 6,320 shares of the firm’s 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 document filed with the SEC, which is available at this link. In related news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $372,764,079.24. The transaction was disclosed in a document filed with the SEC, which is available at the SEC website. Also, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction 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 completion of the transaction, the executive vice president now owns 42,889 shares of the company’s stock, valued at $7,076,685. The disclosure for this sale can be found here. Insiders sold a total of 1,573,181 shares of company stock worth $225,338,245 over the last ninety days. Company insiders own 42.80% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $170.39 on Tuesday. The business has a fifty day moving average of $145.57 and a two-hundred day moving average of $134.11. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market cap of $472.15 billion, a price-to-earnings ratio of 45.93, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $173.99.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate 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 return on equity of 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter last year, the firm earned $0.95 earnings per share. As a group, research analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.94%. Oracle’s dividend payout ratio is currently 43.13%.

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.