Oracle Co. (NYSE:ORCL) Shares Purchased by Northeast Financial Consultants Inc

Northeast Financial Consultants Inc raised its stake in Oracle Co. (NYSE:ORCL) by 14.9% during the second quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 4,809 shares of the enterprise software provider’s stock after buying an additional 625 shares during the quarter. Northeast Financial Consultants Inc’s holdings in Oracle were worth $679,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ORCL. Silver Lake Advisory LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at $540,000. Nemes Rush Group LLC grew its position in Oracle by 13.0% in the 2nd quarter. Nemes Rush Group LLC now owns 20,597 shares of the enterprise software provider’s stock valued at $2,908,000 after acquiring an additional 2,370 shares in the last quarter. Magnolia Capital Advisors LLC increased its stake in Oracle by 91.0% during the second quarter. Magnolia Capital Advisors LLC now owns 12,869 shares of the enterprise software provider’s stock worth $1,817,000 after purchasing an additional 6,130 shares during the period. Creative Planning lifted its position in shares of Oracle by 23.1% during the second quarter. Creative Planning now owns 744,571 shares of the enterprise software provider’s stock worth $105,133,000 after purchasing an additional 139,513 shares in the last quarter. Finally, Aviso Wealth Management boosted its stake in shares of Oracle by 7.5% in the second quarter. Aviso Wealth Management now owns 3,375 shares of the enterprise software provider’s stock valued at $476,000 after purchasing an additional 235 shares during the period. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Ratings Changes

A number of research firms recently issued reports on ORCL. JPMorgan Chase & Co. lifted their target price on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Deutsche Bank Aktiengesellschaft lifted their price objective on Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Melius upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price on the stock in a research note on Monday, September 16th. Argus lifted their price target on shares of Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, Jefferies Financial Group increased 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. Ten investment 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, the company has a consensus rating of “Moderate Buy” and an average target price of $166.13.

Oracle Price Performance

Shares of NYSE:ORCL opened at $168.74 on Friday. The firm has a market capitalization of $467.57 billion, a price-to-earnings ratio of 45.48, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01. 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 $144.96 and its 200-day simple moving average is $133.74. Oracle Co. has a 12 month low of $99.26 and a 12 month high of $173.99.

Oracle (NYSE:ORCL) last released its quarterly 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. 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 the consensus estimate of $13.23 billion. During the same quarter in the previous year, the company posted $0.95 EPS. The business’s revenue was up 6.9% on a year-over-year basis. As a group, equities analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

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

Insider Activity at Oracle

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated 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 transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction on 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 owns 1,145,732,353 shares of the company’s stock, valued at approximately $164,630,281,802.57. The sale was disclosed in a filing 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 sale, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The disclosure for this sale can be found here. Insiders have sold a total of 1,573,181 shares of company stock valued at $225,338,245 over the last quarter. Insiders own 42.80% of the company’s stock.

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.