Lantz Financial LLC Purchases 148 Shares of Oracle Co. (NYSE:ORCL)

Lantz Financial LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 1.2% in the 2nd quarter, HoldingsChannel reports. The fund owned 12,285 shares of the enterprise software provider’s stock after acquiring an additional 148 shares during the period. Lantz Financial LLC’s holdings in Oracle were worth $1,463,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of ORCL. Norges Bank purchased a new stake in Oracle in the fourth quarter valued at about $1,409,896,000. Moneta Group Investment Advisors LLC raised its position in shares of Oracle by 112,785.9% in the 4th quarter. Moneta Group Investment Advisors LLC now owns 10,832,530 shares of the enterprise software provider’s stock valued at $885,451,000 after purchasing an additional 10,822,934 shares during the last quarter. Harris Associates L P boosted its stake in Oracle by 31.3% in the 4th quarter. Harris Associates L P now owns 19,160,481 shares of the enterprise software provider’s stock worth $1,566,178,000 after purchasing an additional 4,570,472 shares in the last quarter. Putnam Investments LLC grew its position in Oracle by 50.0% during the 1st quarter. Putnam Investments LLC now owns 10,989,627 shares of the enterprise software provider’s stock worth $1,021,156,000 after purchasing an additional 3,664,269 shares during the last quarter. Finally, Neuberger Berman Group LLC increased its stake in Oracle by 89.8% during the 4th quarter. Neuberger Berman Group LLC now owns 6,929,363 shares of the enterprise software provider’s stock valued at $565,961,000 after purchasing an additional 3,277,738 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the company’s stock in a transaction that occurred on Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total value of $211,662,500.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at $138,576,328,095.35. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. In other Oracle news, Director Michael J. Boskin sold 90,000 shares of the stock in a transaction dated Friday, June 23rd. The shares were sold at an average price of $118.83, for a total transaction of $10,694,700.00. Following the completion of the transaction, the director now owns 87,473 shares of the company’s stock, valued at $10,394,416.59. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the business’s stock in a transaction that occurred on Thursday, June 22nd. The shares were sold at an average price of $120.95, for a total transaction of $211,662,500.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at $138,576,328,095.35. The disclosure for this sale can be found here. Insiders sold 1,845,000 shares of company stock worth $222,934,550 in the last 90 days. Insiders own 43.70% of the company’s stock.

Oracle Trading Up 0.4 %

Oracle stock traded up $0.43 during trading on Tuesday, reaching $112.64. 1,124,485 shares of the company were exchanged, compared to its average volume of 9,115,464. The stock’s 50 day simple moving average is $117.28 and its two-hundred day simple moving average is $106.40. The company has a market capitalization of $308.61 billion, a P/E ratio of 33.40, a PEG ratio of 2.98 and a beta of 1.00. The company has a debt-to-equity ratio of 29.72, a current ratio of 0.87 and a quick ratio of 0.87. Oracle Co. has a 52-week low of $60.78 and a 52-week high of $127.54.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 11th. The enterprise software provider reported $1.19 EPS for the quarter, topping the consensus estimate of $1.15 by $0.04. Oracle had a negative return on equity of 470.73% and a net margin of 18.40%. The business had revenue of $12.45 billion for the quarter, compared to analyst estimates of $12.48 billion. During the same quarter in the previous year, the firm earned $0.81 EPS. The company’s quarterly revenue was up 8.8% compared to the same quarter last year. On average, equities research analysts expect that Oracle Co. will post 4.49 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 26th. Stockholders of record on Thursday, October 12th will be paid a $0.40 dividend. The ex-dividend date is Wednesday, October 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.42%. Oracle’s dividend payout ratio (DPR) is 47.62%.

Wall Street Analyst Weigh In

A number of equities research analysts have recently weighed in on ORCL shares. Stifel Nicolaus boosted their price objective on shares of Oracle from $84.00 to $120.00 in a report on Tuesday, June 13th. StockNews.com assumed coverage on Oracle in a research note on Thursday, August 17th. They set a “hold” rating on the stock. UBS Group reduced their price objective on Oracle from $140.00 to $135.00 and set a “buy” rating for the company in a research note on Tuesday, September 12th. Morgan Stanley upped their target price on Oracle from $105.00 to $106.00 and gave the company an “equal weight” rating in a research report on Tuesday, September 12th. Finally, Guggenheim raised their price target on shares of Oracle from $120.00 to $150.00 in a research report on Tuesday, June 13th. Twelve equities research analysts have rated the stock with a hold rating and thirteen have assigned a buy rating to the company. Based on data from MarketBeat.com, Oracle presently has a consensus rating of “Moderate Buy” and an average price target of $123.06.

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.