Pineridge Advisors LLC Buys Shares of 1,816 Oracle Co. (NYSE:ORCL)

Pineridge Advisors LLC bought a new stake in Oracle Co. (NYSE:ORCL) during the 4th quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund bought 1,816 shares of the enterprise software provider’s stock, valued at approximately $191,000.

Several other institutional investors have also recently bought and sold shares of ORCL. Norges Bank bought a new stake in Oracle in the 4th quarter valued at approximately $1,210,181,000. Wellington Management Group LLP raised its stake in shares of Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after purchasing an additional 8,084,067 shares in the last quarter. Vanguard Group Inc. raised its stake in shares of Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after purchasing an additional 7,883,515 shares in the last quarter. Boston Partners raised its stake in shares of Oracle by 382.4% during the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after purchasing an additional 3,617,413 shares in the last quarter. Finally, Capital World Investors raised its stake in shares of Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after purchasing an additional 3,323,334 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

ORCL has been the topic of a number of analyst reports. JPMorgan Chase & Co. upped their price objective on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday. BMO Capital Markets increased their target price on Oracle from $126.00 to $142.00 and gave the stock a “market perform” rating in a report on Tuesday, March 12th. Bank of America increased their target price on Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a report on Wednesday. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. Finally, Stifel Nicolaus raised their price objective on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday. Fourteen equities research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company’s stock. According to MarketBeat, the stock has an average rating of “Moderate Buy” and an average price target of $141.50.

Oracle Trading Down 1.2 %

NYSE ORCL traded down $1.72 during trading hours on Friday, hitting $138.13. 11,330,789 shares of the company’s stock were exchanged, compared to its average volume of 9,730,886. The stock has a 50-day simple moving average of $121.04 and a 200 day simple moving average of $116.13. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $142.40. The firm has a market cap of $379.65 billion, a price-to-earnings ratio of 37.23, a PEG ratio of 2.47 and a beta of 1.01. The company has a current ratio of 0.71, a quick ratio of 0.85 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The firm had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period last year, the business posted $1.35 EPS. The company’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts forecast that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.16%. Oracle’s payout ratio is presently 43.13%.

Insider Activity

In other news, CEO Safra Catz sold 790,000 shares of the company’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 transaction, 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 legal filing with the Securities & Exchange Commission, which can be accessed through this link. In other Oracle news, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total value of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares in the company, valued at approximately $10,299,071.02. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Safra Catz sold 790,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the transaction, the chief executive officer now owns 1,118,592 shares in the company, valued at $141,546,631.68. The disclosure for this sale can be found here. Insiders have sold 880,000 shares of company stock valued at $110,488,150 in the last 90 days. Insiders own 42.80% of the company’s stock.

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.