23,776 Shares in Oracle Co. (NYSE:ORCL) Bought by Focus Financial Network Inc. ADV

Focus Financial Network Inc. ADV bought a new position in shares of Oracle Co. (NYSE:ORCLFree Report) in the 4th quarter, Holdings Channel.com reports. The institutional investor bought 23,776 shares of the enterprise software provider’s stock, valued at approximately $2,507,000.

Other large investors have also added to or reduced their stakes in the company. Orion Capital Management LLC acquired a new stake in shares of Oracle during the 3rd quarter worth about $25,000. Ritter Daniher Financial Advisory LLC DE lifted its stake in shares of Oracle by 298.4% during the 3rd quarter. Ritter Daniher Financial Advisory LLC DE now owns 243 shares of the enterprise software provider’s stock worth $26,000 after buying an additional 182 shares during the last quarter. Spartan Planning & Wealth Management acquired a new stake in shares of Oracle during the 3rd quarter worth about $27,000. Tidemark LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $29,000. Finally, Nordwand Advisors LLC acquired a new stake in shares of Oracle during the 4th quarter worth about $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Performance

NYSE:ORCL opened at $120.97 on Thursday. The firm has a market cap of $332.49 billion, a PE ratio of 32.65, a price-to-earnings-growth ratio of 2.89 and a beta of 1.03. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $132.77. 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 business has a 50 day moving average price of $121.01 and a 200-day moving average price of $115.26.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Wednesday, April 24th. Shareholders of record on Wednesday, April 10th were given a $0.40 dividend. The ex-dividend date was Tuesday, April 9th. This represents a $1.60 annualized dividend and a yield of 1.32%. Oracle’s payout ratio is 42.22%.

Insider Activity

In related news, Director George H. Conrades sold 25,000 shares of the business’s stock in a transaction that occurred on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total value of $2,903,250.00. Following the transaction, the director now directly owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. In related news, Director George H. Conrades sold 25,000 shares of the stock in a transaction on Wednesday, May 1st. The stock was sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now owns 17,836 shares in the company, valued at approximately $2,071,294.68. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this link. Also, CEO Safra Catz sold 790,000 shares of the stock in a transaction on Tuesday, March 26th. The stock was sold at an average price of $126.54, for a total value of $99,966,600.00. Following the completion of the sale, the chief executive officer now owns 1,118,592 shares in the company, valued at approximately $141,546,631.68. The disclosure for this sale can be found here. Insiders have sold a total of 880,000 shares of company stock valued at $110,488,150 in the last ninety days. Corporate insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ORCL. StockNews.com raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, May 9th. Argus raised shares of Oracle from a “hold” rating to a “buy” rating in a research report on Thursday, March 14th. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. HSBC raised their target price on shares of Oracle from $144.00 to $155.00 and gave the company a “buy” rating in a report on Wednesday, March 13th. Finally, The Goldman Sachs Group raised their target price on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Ten research analysts have rated the stock with a hold rating and fifteen have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $130.76.

Read Our Latest Stock Report on ORCL

Oracle Profile

(Free Report)

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.

Recommended Stories

Want to see what other hedge funds are holding ORCL? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Oracle Co. (NYSE:ORCLFree Report).

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

Receive News & Ratings for Oracle Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Oracle and related companies with MarketBeat.com's FREE daily email newsletter.