Richard C. Young & CO. LTD. Has $14.84 Million Stock Holdings in Oracle Corporation (NYSE:ORCL)

Richard C. Young & CO. LTD. decreased its position in shares of Oracle Corporation (NYSE:ORCL) by 0.3% during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 106,125 shares of the enterprise software provider’s stock after selling 291 shares during the quarter. Oracle makes up approximately 1.6% of Richard C. Young & CO. LTD.’s holdings, making the stock its 28th largest holding. Richard C. Young & CO. LTD.’s holdings in Oracle were worth $14,837,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ORCL. Harel Insurance Investments & Financial Services Ltd. raised its position in shares of Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider’s stock valued at $35,984,000 after acquiring an additional 107,404 shares during the last quarter. Rockland Trust Co. boosted its stake in Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider’s stock worth $1,421,000 after purchasing an additional 467 shares during the period. Calamos Advisors LLC boosted its stake in Oracle by 1.5% in the 1st quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider’s stock worth $99,445,000 after purchasing an additional 10,426 shares during the period. Cornerstone Advisory LLC boosted its stake in shares of Oracle by 34.1% during the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider’s stock worth $2,258,000 after buying an additional 3,299 shares during the last quarter. Finally, Peak Retirement Planning Inc. acquired a new position in shares of Oracle during the 4th quarter worth about $211,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business’s stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider owned 1,097,576 shares of the company’s stock, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the business’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director directly owned 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 445,366 shares of company stock valued at $84,784,653 over the last quarter. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Up 2.7%

NYSE ORCL opened at $241.25 on Thursday. The business has a fifty day moving average price of $192.33 and a two-hundred day moving average price of $167.83. The stock has a market capitalization of $677.64 billion, a PE ratio of 55.59, a PEG ratio of 3.51 and a beta of 1.39. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $244.10. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company’s revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.63 earnings per share. Equities analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.83%. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Analysts Set New Price Targets

A number of equities analysts have recently commented on the stock. DA Davidson increased their price objective on shares of Oracle from $140.00 to $170.00 and gave the stock a “neutral” rating in a research note on Thursday, June 12th. Royal Bank Of Canada increased their price objective on shares of Oracle from $145.00 to $195.00 and gave the stock a “sector perform” rating in a research note on Thursday, June 12th. CIBC restated a “buy” rating on shares of Oracle in a research note on Monday, June 9th. Barclays restated an “overweight” rating and set a $221.00 price objective (up from $202.00) on shares of Oracle in a research note on Friday, June 13th. Finally, Stifel Nicolaus upgraded shares of Oracle from a “hold” rating to a “buy” rating and raised their target price for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Nine analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and a consensus price target of $214.54.

About Oracle

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.