Oracle Co. (NYSE:ORCL) Shares Acquired by Certified Advisory Corp

Certified Advisory Corp raised its holdings in Oracle Co. (NYSE:ORCL) by 19.1% during the 4th quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 3,312 shares of the enterprise software provider’s stock after purchasing an additional 532 shares during the period. Certified Advisory Corp’s holdings in Oracle were worth $349,000 at the end of the most recent quarter.

Other large investors have also made changes to their positions in the company. Compass Ion Advisors LLC acquired a new stake in shares of Oracle in the third quarter valued at about $205,000. Advisor OS LLC increased its holdings in shares of Oracle by 16.1% in the third quarter. Advisor OS LLC now owns 2,218 shares of the enterprise software provider’s stock valued at $235,000 after purchasing an additional 307 shares during the last quarter. SageView Advisory Group LLC boosted its stake in Oracle by 89.1% during the third quarter. SageView Advisory Group LLC now owns 10,837 shares of the enterprise software provider’s stock worth $1,148,000 after buying an additional 5,106 shares during the last quarter. OVERSEA CHINESE BANKING Corp Ltd purchased a new stake in Oracle in the 3rd quarter valued at $1,262,000. Finally, Loring Wolcott & Coolidge Fiduciary Advisors LLP MA raised its holdings in shares of Oracle by 67.3% during the 3rd quarter. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA now owns 2,710 shares of the enterprise software provider’s stock worth $290,000 after acquiring an additional 1,090 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other Oracle news, Director George H. Conrades sold 25,000 shares of the stock in a transaction that occurred on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total value of $2,903,250.00. Following the completion of the sale, the director now owns 17,836 shares of the company’s stock, valued at $2,071,294.68. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In other Oracle news, Director George H. Conrades sold 20,000 shares of the stock in a transaction that occurred on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the transaction, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,068,976. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the completion of the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock valued at $110,488,150 over the last three months. 42.80% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages have recently commented on ORCL. KeyCorp assumed coverage on shares of Oracle in a research report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price objective for the company. The Goldman Sachs Group lifted their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. William Blair upgraded Oracle from a “market perform” rating to an “outperform” rating in a report on Tuesday, March 12th. HSBC increased their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a research report on Wednesday, March 13th. Finally, StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a report on Thursday, May 9th. Ten equities research analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has an average rating of “Moderate Buy” and an average target price of $130.76.

Oracle Price Performance

Shares of ORCL stock traded down $0.38 during mid-day trading on Wednesday, reaching $124.25. The stock had a trading volume of 1,866,621 shares, compared to its average volume of 7,989,035. The business has a 50-day simple moving average of $121.42 and a 200 day simple moving average of $114.76. The company has a market cap of $341.50 billion, a P/E ratio of 32.75, a price-to-earnings-growth ratio of 2.50 and a beta of 1.03. The company has a current ratio of 0.85, a quick ratio of 0.85 and a debt-to-equity ratio of 13.34. Oracle Co. has a 12-month low of $97.29 and a 12-month high of $132.77.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The company had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a return on equity of 336.11% and a net margin of 20.27%. Oracle’s revenue was up 7.1% on a year-over-year basis. During the same period in the previous year, the firm posted $0.96 EPS. On average, sell-side analysts anticipate that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were issued a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.29%. Oracle’s dividend payout ratio is currently 42.22%.

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.