Register Financial Advisors LLC Grows Position in Oracle Co. (NYSE:ORCL)

Register Financial Advisors LLC boosted its position in Oracle Co. (NYSE:ORCL) by 9.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 5,528 shares of the enterprise software provider’s stock after purchasing an additional 468 shares during the quarter. Register Financial Advisors LLC’s holdings in Oracle were worth $694,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also added to or reduced their stakes in the company. Westend Capital Management LLC bought a new stake in Oracle in the first quarter worth $25,000. Orion Capital Management LLC bought a new position in Oracle in the 3rd quarter worth about $25,000. Spartan Planning & Wealth Management purchased a new stake in Oracle during the 3rd quarter valued at about $27,000. Tidemark LLC bought a new stake in Oracle during the 4th quarter valued at about $29,000. Finally, Frank Rimerman Advisors LLC purchased a new position in Oracle in the fourth quarter worth about $30,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Insider Buying and Selling at Oracle

In other Oracle news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The sale was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. In other news, insider Edward Screven sold 37,221 shares of the stock in a transaction that occurred on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at approximately $368,246,045.16. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction 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 completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders sold a total of 385,639 shares of company stock valued at $53,002,729 in the last three months. 42.80% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

ORCL has been the topic of a number of recent analyst reports. Stifel Nicolaus increased their price target on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a report on Wednesday, June 12th. HSBC lifted their target price on Oracle from $144.00 to $155.00 and gave the stock a “buy” rating in a report on Wednesday, March 13th. Evercore ISI upped their price target on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a report on Wednesday, June 12th. BMO Capital Markets increased their price objective on Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research report on Monday, June 17th. Finally, Argus boosted their target price on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research report on Tuesday, June 18th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Moderate Buy” and an average target price of $145.83.

Oracle Price Performance

Shares of ORCL stock traded up $1.02 on Friday, hitting $141.20. 25,814,269 shares of the stock traded hands, compared to its average volume of 8,723,608. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.32. The firm has a 50 day simple moving average of $125.24 and a two-hundred day simple moving average of $117.96. The firm has a market cap of $389.13 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.51 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings results 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). The business 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%. Oracle’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 earnings per share. As a group, equities research analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared 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 yield of 1.13%. Oracle’s payout ratio is 43.13%.

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.