Emprise Bank Acquires Shares of 7,614 Oracle Co. (NYSE:ORCL)

Emprise Bank bought a new position in Oracle Co. (NYSE:ORCLFree Report) in the 1st quarter, HoldingsChannel.com reports. The institutional investor bought 7,614 shares of the enterprise software provider’s stock, valued at approximately $956,000.

A number of other large investors have also recently modified their holdings of the stock. Orion Capital Management LLC purchased a new stake in Oracle in the third quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new stake in Oracle in the third quarter worth approximately $27,000. Tidemark LLC bought a new stake in shares of Oracle in the fourth quarter worth $29,000. Nordwand Advisors LLC purchased a new stake in Oracle during the fourth quarter valued at $30,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in Oracle during the fourth quarter valued at $30,000. Institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have recently weighed in on ORCL shares. The Goldman Sachs Group increased their price objective on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research note on Wednesday, March 13th. JPMorgan Chase & Co. increased their price objective on shares of Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Stifel Nicolaus lifted their target price on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research note on Wednesday, June 12th. TD Cowen increased their price objective on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a report on Wednesday, June 12th. Finally, Deutsche Bank Aktiengesellschaft upped their target price on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company’s stock. According to MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average target price of $144.79.

Read Our Latest Research Report on Oracle

Insider Buying and Selling

In related news, CEO Safra Catz sold 790,000 shares of Oracle stock in a transaction that occurred on Tuesday, March 26th. The shares were 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 directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The sale was disclosed in a filing with the SEC, which is accessible through this link. In other news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction dated 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 sale, the director now owns 17,836 shares in the company, valued at $2,068,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, CEO Safra Catz sold 790,000 shares of the stock in a transaction that occurred on Tuesday, March 26th. The shares were sold at an average price of $126.54, for a total transaction of $99,966,600.00. Following the completion of the transaction, the chief executive officer now directly owns 1,118,592 shares of the company’s stock, valued at $141,546,631.68. The disclosure for this sale can be found here. Insiders sold a total of 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.

Oracle Trading Up 2.4 %

Oracle stock traded up $3.33 during midday trading on Wednesday, reaching $144.64. The stock had a trading volume of 11,629,395 shares, compared to its average volume of 10,250,644. The company has a quick ratio of 0.85, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The company has a fifty day moving average of $122.26 and a 200 day moving average of $116.69. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $145.06. The firm has a market cap of $397.54 billion, a price-to-earnings ratio of 38.99, a price-to-earnings-growth ratio of 2.53 and a beta of 1.01.

Oracle (NYSE:ORCLGet Free Report) last announced its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the business earned $1.35 EPS. On average, analysts anticipate that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be issued 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 1.11%. Oracle’s payout ratio is currently 43.13%.

Oracle Profile

(Free Report)

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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