Oracle Co. (NYSE:ORCL) Shares Bought by Callan Capital LLC

Callan Capital LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 1.2% during the 2nd quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 21,280 shares of the enterprise software provider’s stock after acquiring an additional 253 shares during the quarter. Callan Capital LLC’s holdings in Oracle were worth $3,005,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Werlinich Asset Management LLC grew its position in shares of 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 buying an additional 70 shares during the last quarter. RFP Financial Group LLC raised its position in shares of Oracle by 2.7% during the 2nd quarter. RFP Financial Group LLC now owns 2,869 shares of the enterprise software provider’s stock worth $405,000 after purchasing an additional 75 shares during the period. ERn Financial LLC lifted its holdings in shares of Oracle by 0.6% in the 2nd quarter. ERn Financial LLC now owns 12,911 shares of the enterprise software provider’s stock worth $1,823,000 after purchasing an additional 80 shares during the last quarter. Key Financial Inc boosted its position in Oracle by 1.2% during the 2nd quarter. Key Financial Inc now owns 6,600 shares of the enterprise software provider’s stock valued at $932,000 after purchasing an additional 80 shares during the period. Finally, Abich Financial Wealth Management LLC grew its stake in Oracle by 18.0% during the 1st 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.

Oracle Trading Up 1.8 %

NYSE ORCL opened at $167.56 on Friday. 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 Co. has a 1-year low of $99.26 and a 1-year high of $173.99. The firm’s fifty day simple moving average is $141.83 and its 200-day simple moving average is $131.44. The company has a market capitalization of $461.77 billion, a PE ratio of 45.16, a price-to-earnings-growth ratio of 2.95 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same period in the previous year, the company earned $0.95 EPS. The firm’s revenue was up 6.9% on a year-over-year basis. As a group, sell-side analysts anticipate that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. 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 0.95%. Oracle’s dividend payout ratio is currently 43.13%.

Insider Activity at Oracle

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The transaction was disclosed in a filing with the SEC, which is available through this link. In related news, insider Edward Screven sold 426,861 shares of the business’s stock in a transaction dated Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the completion of the transaction, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the 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 sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The disclosure for this sale can be found here. In the last 90 days, insiders sold 1,610,402 shares of company stock valued at $230,556,257. Insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms have issued reports on ORCL. Mizuho raised their target price on Oracle from $170.00 to $185.00 and gave the company an “outperform” 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. KeyCorp lifted their price target on Oracle from $165.00 to $175.00 and gave the company an “overweight” rating in a report on Tuesday, September 10th. Piper Sandler lifted their price objective on shares of Oracle from $150.00 to $175.00 and gave the company an “overweight” rating in a research note on Tuesday, September 10th. Finally, Deutsche Bank Aktiengesellschaft increased their price target on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Eleven equities research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. Based on data from MarketBeat, Oracle has a consensus rating of “Moderate Buy” and an average target price of $163.88.

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.