Ethos Financial Group LLC Boosts Stake in Oracle Co. (NYSE:ORCL)

Ethos Financial Group LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 15.2% during the fourth quarter, according to its most recent filing with the SEC. The firm owned 4,474 shares of the enterprise software provider’s stock after acquiring an additional 591 shares during the period. Ethos Financial Group LLC’s holdings in Oracle were worth $472,000 at the end of the most recent quarter.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. Chicago Partners Investment Group LLC grew its stake in shares of Oracle by 10.2% in the 3rd quarter. Chicago Partners Investment Group LLC now owns 16,068 shares of the enterprise software provider’s stock worth $1,666,000 after buying an additional 1,493 shares during the last quarter. Park Avenue Securities LLC boosted its stake in Oracle by 3.3% during the 3rd quarter. Park Avenue Securities LLC now owns 18,992 shares of the enterprise software provider’s stock valued at $2,012,000 after purchasing an additional 615 shares during the last quarter. Gratus Capital LLC purchased a new stake in Oracle during the 3rd quarter valued at $365,000. AustralianSuper Pty Ltd boosted its stake in Oracle by 5.2% during the 3rd quarter. AustralianSuper Pty Ltd now owns 39,534 shares of the enterprise software provider’s stock valued at $4,187,000 after purchasing an additional 1,951 shares during the last quarter. Finally, Oarsman Capital Inc. boosted its stake in Oracle by 1.4% during the 3rd quarter. Oarsman Capital Inc. now owns 11,301 shares of the enterprise software provider’s stock valued at $1,197,000 after purchasing an additional 157 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Trading Down 0.7 %

NYSE ORCL traded down $0.82 during trading on Thursday, hitting $116.57. The stock had a trading volume of 3,236,172 shares, compared to its average volume of 8,150,866. The company has a debt-to-equity ratio of 13.34, a quick ratio of 0.85 and a current ratio of 0.85. The stock has a market capitalization of $320.39 billion, a price-to-earnings ratio of 30.78, a P/E/G ratio of 2.32 and a beta of 1.03. Oracle Co. has a one year low of $96.26 and a one year high of $132.77. The stock has a 50 day simple moving average of $120.30 and a 200 day simple moving average of $113.59.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, March 11th. The enterprise software provider reported $1.41 earnings per share for the quarter, beating the consensus estimate of $1.37 by $0.04. The firm had revenue of $13.28 billion during the quarter, compared to the consensus estimate of $13.29 billion. Oracle had a net margin of 20.27% and a return on equity of 336.11%. The company’s revenue was up 7.1% on a year-over-year basis. During the same quarter in the previous year, the firm posted $0.96 earnings per share. Sell-side analysts predict that Oracle Co. will post 4.44 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which was paid on Wednesday, April 24th. Investors of record on Wednesday, April 10th were given a dividend of $0.40 per share. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a dividend yield of 1.37%. Oracle’s dividend payout ratio (DPR) is presently 42.22%.

Insider Buying and Selling

In related news, Director Michael J. Boskin sold 45,000 shares of the company’s stock in a transaction dated Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The sale was disclosed in a filing with the SEC, which can be accessed through this hyperlink. In related news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction that occurred 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 completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Michael J. Boskin sold 45,000 shares of Oracle stock in a transaction that occurred on Tuesday, May 7th. The shares were sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the completion of the sale, the director now owns 87,473 shares of the company’s stock, valued at approximately $10,299,071.02. The disclosure for this sale can be found here. Insiders sold a total of 880,000 shares of company stock worth $110,488,150 in the last 90 days. Insiders own 42.80% of the company’s stock.

Wall Street Analysts Forecast Growth

Several equities analysts have recently weighed in on ORCL shares. Argus raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday, March 14th. KeyCorp started coverage on Oracle in a report on Thursday, March 21st. They set an “overweight” rating and a $150.00 price target on the stock. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a report on Thursday. Oppenheimer began coverage on Oracle in a report on Thursday, April 18th. They set a “market perform” rating on the stock. Finally, HSBC raised 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. Ten investment analysts have rated the stock with a hold rating and fifteen have assigned a buy rating to the company’s stock. Based on data from MarketBeat.com, Oracle currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

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.