Sovereign Financial Group Inc. Buys 90 Shares of Oracle Co. (NYSE:ORCL)

Sovereign Financial Group Inc. increased its position in Oracle Co. (NYSE:ORCL) by 2.9% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 3,244 shares of the enterprise software provider’s stock after acquiring an additional 90 shares during the quarter. Sovereign Financial Group Inc.’s holdings in Oracle were worth $342,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the business. Orion Capital Management LLC bought a new stake in shares of Oracle during the third quarter valued at approximately $25,000. Ritter Daniher Financial Advisory LLC DE raised its position in Oracle by 298.4% in the third quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after purchasing an additional 182 shares in the last quarter. Spartan Planning & Wealth Management bought a new position in Oracle during the third quarter worth about $27,000. Cornerstone Planning Group LLC grew its stake in shares of Oracle by 1,268.0% in the 3rd quarter. Cornerstone Planning Group LLC now owns 342 shares of the enterprise software provider’s stock valued at $36,000 after purchasing an additional 317 shares during the period. Finally, BOK Financial Private Wealth Inc. lifted its position in shares of Oracle by 139.4% during the 4th quarter. BOK Financial Private Wealth Inc. now owns 371 shares of the enterprise software provider’s stock worth $39,000 after buying an additional 216 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In related news, CEO Safra Catz sold 790,000 shares of the firm’s stock in a transaction 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 sale, the chief executive officer now owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, CEO Safra Catz sold 790,000 shares of the 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 directly owns 1,118,592 shares of the company’s stock, valued at approximately $141,546,631.68. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the transaction, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders sold 835,000 shares of company stock valued at $105,189,850 in the last quarter. Company insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research analysts have issued reports on ORCL shares. HSBC lifted their price objective on Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. The Goldman Sachs Group lifted their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Argus upgraded Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. BMO Capital Markets boosted their price objective on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 12th. Finally, KeyCorp initiated coverage on Oracle in a research note on Thursday, March 21st. They issued an “overweight” rating and a $150.00 target price for the company. Eleven analysts have rated the stock with a hold rating and fourteen have issued a buy rating to the company. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and an average price target of $130.76.

Oracle Trading Down 0.4 %

Shares of NYSE:ORCL traded down $0.45 during midday trading on Tuesday, hitting $117.89. The company had a trading volume of 6,434,951 shares, compared to its average volume of 8,246,625. The firm has a fifty day simple moving average of $120.19 and a 200 day simple moving average of $113.57. The stock has a market cap of $324.02 billion, a price-to-earnings ratio of 31.11, a PEG ratio of 2.32 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 $96.10 and a 12 month high of $132.77.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share (EPS) for the quarter, topping the consensus estimate 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% compared to the same quarter last year. During the same period in the previous year, the company earned $0.96 EPS. On average, analysts predict that Oracle Co. will post 4.44 EPS for the current year.

Oracle Announces Dividend

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

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.