Angeles Wealth Management LLC Boosts Stock Position in Oracle Co. (NYSE:ORCL)

Angeles Wealth Management LLC raised its position in shares of Oracle Co. (NYSE:ORCL) by 44.2% in the 2nd quarter, HoldingsChannel.com reports. The institutional investor owned 5,061 shares of the enterprise software provider’s stock after buying an additional 1,551 shares during the period. Angeles Wealth Management LLC’s holdings in Oracle were worth $715,000 as of its most recent SEC filing.

A number of other institutional investors have also modified their holdings of ORCL. Contour Asset Management LLC boosted its stake in Oracle by 41.5% in the fourth quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after acquiring an additional 643,490 shares in the last quarter. Hancock Whitney Corp boosted its position in shares of Oracle by 12.7% in the 4th quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock worth $3,089,000 after purchasing an additional 3,291 shares in the last quarter. Heritage Wealth Advisors grew its stake in Oracle by 0.6% during the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after buying an additional 109 shares during the last quarter. Seven Mile Advisory increased its position in Oracle by 10.6% during the 4th quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock valued at $552,000 after buying an additional 502 shares in the last quarter. Finally, Goelzer Investment Management Inc. increased its position in Oracle by 25.0% during the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after buying an additional 1,500 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 11.4 %

ORCL stock opened at $155.82 on Wednesday. Oracle Co. has a one year low of $99.26 and a one year high of $160.52. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The firm’s fifty day moving average is $138.90 and its 200 day moving average is $129.13. The firm has a market cap of $429.42 billion, a PE ratio of 42.00, a P/E/G ratio of 2.56 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s quarterly revenue was up 6.9% on a year-over-year basis. During the same period last year, the firm earned $0.95 EPS. On average, research analysts forecast that Oracle Co. will post 5.02 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.03%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on 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 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 filing with the Securities & Exchange Commission, which is available through this hyperlink. In other Oracle news, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the sale, the director now directly owns 210,712 shares in the company, valued at approximately $30,157,101.44. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 15,000 shares of the stock in a transaction that occurred on 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 transaction, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock valued at $266,776,624 in the last three months. 42.80% of the stock is currently owned by company insiders.

Analysts Set New Price Targets

A number of equities research analysts have recently weighed in on ORCL shares. DA Davidson boosted their price target on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research note on Tuesday. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research report on Tuesday. Citigroup cut their price target on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research note on Monday, June 10th. StockNews.com upgraded shares of Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday. Finally, Barclays upped their target price on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research report on Tuesday. Twelve investment analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and an average target price of $157.52.

Oracle 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.