Newbridge Financial Services Group Inc. Has $7.77 Million Stock Holdings in Oracle Corporation $ORCL

Newbridge Financial Services Group Inc. grew its position in Oracle Corporation (NYSE:ORCL) by 23.6% in the 2nd quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 35,540 shares of the enterprise software provider’s stock after buying an additional 6,786 shares during the period. Oracle makes up 1.3% of Newbridge Financial Services Group Inc.’s portfolio, making the stock its 18th largest position. Newbridge Financial Services Group Inc.’s holdings in Oracle were worth $7,770,000 at the end of the most recent quarter.

Several other hedge funds have also added to or reduced their stakes in ORCL. Swiss National Bank grew its position in shares of Oracle by 7.6% during the 2nd quarter. Swiss National Bank now owns 5,093,200 shares of the enterprise software provider’s stock worth $1,113,526,000 after purchasing an additional 360,000 shares in the last quarter. Private Wealth Asset Management LLC boosted its stake in shares of Oracle by 9.2% in the second quarter. Private Wealth Asset Management LLC now owns 3,817 shares of the enterprise software provider’s stock valued at $835,000 after buying an additional 321 shares during the period. Soltis Investment Advisors LLC grew its position in Oracle by 4.8% during the second quarter. Soltis Investment Advisors LLC now owns 32,937 shares of the enterprise software provider’s stock worth $7,201,000 after buying an additional 1,515 shares in the last quarter. Cascade Investment Group Inc. bought a new position in Oracle during the 2nd quarter worth $239,000. Finally, Lockerman Financial Group Inc. acquired a new position in Oracle in the 2nd quarter valued at $328,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

Shares of Oracle stock opened at $189.64 on Friday. The company’s 50 day moving average price is $245.58 and its two-hundred day moving average price is $241.39. The firm has a market capitalization of $540.62 billion, a P/E ratio of 35.65, a P/E/G ratio of 2.14 and a beta of 1.66. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a debt-to-equity ratio of 3.28, a current ratio of 0.91 and a quick ratio of 0.62.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a net margin of 25.28% and a return on equity of 70.60%. The company had revenue of $16.06 billion during the quarter, compared to the consensus estimate of $16.19 billion. During the same period in the prior year, the business earned $1.47 earnings per share. The company’s revenue for the quarter was up 14.2% compared to the same quarter last year. On average, equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Friday, January 23rd. Shareholders of record on Friday, January 9th will be given a $0.50 dividend. The ex-dividend date is Friday, January 9th. This represents a $2.00 annualized dividend and a yield of 1.1%. Oracle’s dividend payout ratio (DPR) is currently 37.59%.

Insider Activity

In other news, EVP Stuart Levey sold 19,758 shares of the business’s stock in a transaction dated Friday, October 10th. The stock was sold at an average price of $300.00, for a total transaction of $5,927,400.00. Following the sale, the executive vice president directly owned 18,429 shares in the company, valued at approximately $5,528,700. The trade was a 51.74% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,222 shares of the firm’s stock in a transaction that occurred on Friday, September 26th. The shares were sold at an average price of $288.91, for a total transaction of $641,958.02. Following the completion of the transaction, the director owned 29,225 shares of the company’s stock, valued at approximately $8,443,394.75. This trade represents a 7.07% decrease in their position. The SEC filing for this sale provides additional information. In the last ninety days, insiders sold 171,513 shares of company stock valued at $50,397,893. 40.90% of the stock is currently owned by company insiders.

Analyst Ratings Changes

ORCL has been the topic of a number of recent analyst reports. Barclays set a $310.00 price target on Oracle in a research report on Thursday. Oppenheimer restated a “market perform” rating on shares of Oracle in a research report on Thursday. TD Cowen reduced their price target on shares of Oracle from $400.00 to $350.00 and set a “buy” rating on the stock in a research report on Thursday. Rothschild & Co Redburn started coverage on shares of Oracle in a research note on Thursday, September 25th. They issued a “sell” rating and a $175.00 price objective on the stock. Finally, Robert W. Baird cut their target price on Oracle from $365.00 to $315.00 and set an “outperform” rating for the company in a research note on Tuesday, November 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-six have assigned a Buy rating, twelve have given a Hold rating and two have given a Sell rating to the company’s stock. According to MarketBeat.com, the stock presently has a consensus rating of “Moderate Buy” and an average price target of $301.57.

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.