Addison Advisors LLC Increases Stock Holdings in Oracle Co. (NYSE:ORCL)

Addison Advisors LLC increased its holdings in Oracle Co. (NYSE:ORCL) by 5.7% during the 2nd quarter, Holdings Channel.com reports. The institutional investor owned 5,566 shares of the enterprise software provider’s stock after purchasing an additional 300 shares during the quarter. Addison Advisors LLC’s holdings in Oracle were worth $786,000 at the end of the most recent reporting period.

A number of other large investors have also recently added to or reduced their stakes in ORCL. International Assets Investment Management LLC grew its holdings in Oracle by 153.3% during the 4th quarter. International Assets Investment Management LLC now owns 11,947 shares of the enterprise software provider’s stock valued at $1,260,000 after buying an additional 7,230 shares during the last quarter. Brio Consultants LLC lifted its position in shares of Oracle by 4.1% in the fourth quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock valued at $310,000 after acquiring an additional 117 shares in the last quarter. Precision Wealth Strategies LLC increased its position in Oracle by 4.1% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock worth $417,000 after purchasing an additional 155 shares in the last quarter. Gilbert & Cook Inc. acquired a new position in Oracle in the 4th quarter valued at about $359,000. Finally, Aveo Capital Partners LLC purchased a new position in Oracle in the 4th quarter valued at about $290,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Down 1.0 %

Shares of ORCL traded down $1.46 during mid-day trading on Friday, reaching $141.15. 1,871,573 shares of the stock traded hands, compared to its average volume of 8,002,744. The stock has a fifty day simple moving average of $138.70 and a 200 day simple moving average of $128.12. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $146.59. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. The firm has a market cap of $388.99 billion, a price-to-earnings ratio of 38.44, a P/E/G ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing the consensus estimate of $1.65 by ($0.02). The firm had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business’s quarterly revenue was up 3.3% on a year-over-year basis. During the same period last year, the firm earned $1.35 EPS. Sell-side analysts expect that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.13%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

A number of equities analysts have recently weighed in on ORCL shares. Stifel Nicolaus boosted their price objective on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. KeyCorp increased their price target on Oracle from $150.00 to $165.00 and gave the stock an “overweight” rating in a research note on Wednesday, June 12th. Sanford C. Bernstein lifted their price objective on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. Argus raised their price target on Oracle from $145.00 to $159.00 and gave the stock a “buy” rating in a research note on Tuesday, June 18th. Finally, Evercore ISI lifted 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. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, the company has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Insider Buying and Selling at Oracle

In other news, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Director Leon E. Panetta sold 15,000 shares of the business’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 in the last 90 days. 42.80% of the stock is owned by corporate insiders.

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.