Oracle Co. (NYSE:ORCL) Shares Purchased by Roffman Miller Associates Inc. PA

Roffman Miller Associates Inc. PA raised its stake in Oracle Co. (NYSE:ORCL) by 459.6% during the fourth quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 46,510 shares of the enterprise software provider’s stock after buying an additional 38,198 shares during the quarter. Roffman Miller Associates Inc. PA’s holdings in Oracle were worth $4,904,000 at the end of the most recent quarter.

Other hedge funds also recently bought and sold shares of the company. Bison Wealth LLC lifted its holdings in Oracle by 0.8% during the 3rd quarter. Bison Wealth LLC now owns 12,089 shares of the enterprise software provider’s stock worth $1,280,000 after buying an additional 91 shares during the last quarter. MONECO Advisors LLC lifted its holdings in shares of Oracle by 1.1% in the 3rd quarter. MONECO Advisors LLC now owns 8,652 shares of the enterprise software provider’s stock worth $916,000 after purchasing an additional 94 shares during the last quarter. Everhart Financial Group Inc. grew its stake in Oracle by 1.4% during the 4th quarter. Everhart Financial Group Inc. now owns 7,163 shares of the enterprise software provider’s stock worth $755,000 after buying an additional 96 shares during the last quarter. Nicholas Hoffman & Company LLC. increased its position in Oracle by 1.0% in the third quarter. Nicholas Hoffman & Company LLC. now owns 9,443 shares of the enterprise software provider’s stock worth $1,000,000 after buying an additional 98 shares during the period. Finally, J.W. Cole Advisors Inc. lifted its stake in Oracle by 0.5% in the third quarter. J.W. Cole Advisors Inc. now owns 21,290 shares of the enterprise software provider’s stock valued at $2,255,000 after buying an additional 100 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction that occurred on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Corporate insiders own 42.80% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. BMO Capital Markets increased their price objective on shares of Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. The Goldman Sachs Group increased their price target on Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. Argus upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Thursday, March 14th. William Blair upgraded shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Finally, Oppenheimer started coverage on shares of Oracle in a research report on Thursday, April 18th. They set a “market perform” rating on the stock. Ten analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus price target of $130.76.

Oracle Trading Up 2.4 %

Shares of ORCL traded up $2.77 during midday trading on Friday, hitting $117.66. The stock had a trading volume of 5,780,675 shares, compared to its average volume of 8,444,634. Oracle Co. has a fifty-two week low of $93.29 and a fifty-two week high of $132.77. The business has a 50-day simple moving average of $119.30 and a two-hundred day simple moving average of $113.06. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. The firm has a market cap of $323.39 billion, a P/E ratio of 30.31, a price-to-earnings-growth ratio of 2.31 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to analyst estimates of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. The company’s revenue for the quarter was up 7.1% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.96 earnings per share. As a group, equities analysts forecast that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.36%. The ex-dividend date of this dividend was Tuesday, April 9th. Oracle’s payout ratio is presently 42.22%.

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.