JustInvest LLC Has $2.22 Million Stake in Oracle Co. (NYSE:ORCL)


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JustInvest LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 51.9% during the first quarter, Holdings Channel.com reports. The institutional investor owned 31,680 shares of the enterprise software provider’s stock after purchasing an additional 10,826 shares during the period. JustInvest LLC’s holdings in Oracle were worth $2,223,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. DeDora Capital Inc. boosted its position in shares of Oracle by 1.5% in the first quarter. DeDora Capital Inc. now owns 9,174 shares of the enterprise software provider’s stock valued at $644,000 after acquiring an additional 137 shares during the period. First Bank & Trust raised its stake in Oracle by 4.7% in the first quarter. First Bank & Trust now owns 3,249 shares of the enterprise software provider’s stock valued at $228,000 after purchasing an additional 145 shares in the last quarter. Riverbridge Partners LLC raised its stake in Oracle by 3.1% in the first quarter. Riverbridge Partners LLC now owns 4,948 shares of the enterprise software provider’s stock valued at $347,000 after purchasing an additional 148 shares in the last quarter. Optimum Investment Advisors raised its stake in Oracle by 0.6% in the first quarter. Optimum Investment Advisors now owns 26,743 shares of the enterprise software provider’s stock valued at $1,877,000 after purchasing an additional 150 shares in the last quarter. Finally, Sanders Morris Harris LLC raised its stake in Oracle by 0.8% in the first quarter. Sanders Morris Harris LLC now owns 18,610 shares of the enterprise software provider’s stock valued at $1,378,000 after purchasing an additional 150 shares in the last quarter. 47.54% of the stock is owned by hedge funds and other institutional investors.

Several brokerages have commented on ORCL. BMO Capital Markets boosted their target price on Oracle from $64.00 to $80.00 and gave the stock a “market perform” rating in a research note on Tuesday, March 9th. Barclays raised Oracle from an “equal weight” rating to an “overweight” rating and boosted their target price for the stock from $66.00 to $80.00 in a research note on Thursday, March 11th. Wedbush initiated coverage on Oracle in a research note on Wednesday, March 31st. They set a “neutral” rating and a $54.00 target price for the company. Sanford C. Bernstein reaffirmed a “buy” rating and issued a $81.00 price objective on shares of Oracle in a research note on Thursday, March 11th. Finally, Citigroup initiated coverage on Oracle in a research note on Wednesday, March 3rd. They issued a “neutral” rating and a $65.00 price objective for the company. One research analyst has rated the stock with a sell rating, seventeen have assigned a hold rating and ten have issued a buy rating to the company. The company currently has an average rating of “Hold” and an average target price of $71.36.

In related news, Director Rona Alison Fairhead purchased 2,530 shares of the stock in a transaction that occurred on Tuesday, March 16th. The stock was acquired at an average cost of $68.00 per share, with a total value of $172,040.00. Following the transaction, the director now owns 8,450 shares of the company’s stock, valued at approximately $574,600. The purchase was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, CEO Safra Catz sold 1,150,000 shares of the stock in a transaction on Monday, March 22nd. The shares were sold at an average price of $66.31, for a total value of $76,256,500.00. Following the completion of the sale, the chief executive officer now directly owns 2,218,592 shares of the company’s stock, valued at $147,114,835.52. The disclosure for this sale can be found here. Over the last quarter, insiders sold 4,508,000 shares of company stock worth $306,882,810. 39.10% of the stock is owned by company insiders.

Shares of Oracle stock traded up $0.69 on Tuesday, reaching $78.02. 314,963 shares of the company’s stock were exchanged, compared to its average volume of 12,669,851. The company has a market capitalization of $224.97 billion, a P/E ratio of 23.70, a price-to-earnings-growth ratio of 1.79 and a beta of 0.76. Oracle Co. has a 52 week low of $50.86 and a 52 week high of $80.21. The firm’s 50-day moving average is $72.88 and its two-hundred day moving average is $64.35. The company has a debt-to-equity ratio of 7.37, a quick ratio of 2.17 and a current ratio of 2.17.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Tuesday, March 9th. The enterprise software provider reported $1.16 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.11 by $0.05. Oracle had a return on equity of 101.26% and a net margin of 26.34%. The firm had revenue of $10.09 billion for the quarter, compared to analysts’ expectations of $10.07 billion. During the same period in the prior year, the business earned $0.97 EPS. The company’s revenue for the quarter was up 3.0% compared to the same quarter last year. On average, analysts expect that Oracle Co. will post 3.86 EPS for the current fiscal year.

The company also recently announced a quarterly dividend, which was paid on Thursday, April 22nd. Investors of record on Thursday, April 8th were issued a $0.32 dividend. This is a boost from Oracle’s previous quarterly dividend of $0.24. This represents a $1.28 dividend on an annualized basis and a dividend yield of 1.64%. The ex-dividend date was Wednesday, April 7th. Oracle’s dividend payout ratio (DPR) is currently 36.99%.

Oracle Company Profile

Oracle Corporation provides 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 enterprise resource planning (ERP) cloud, Oracle enterprise and performance management cloud, Oracle supply chain management cloud, Oracle human capital management cloud, Oracle customer experience cloud, and NetSuite application suite.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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