Oracle Co. (NYSE:ORCL) Shares Bought by Cetera Investment Advisers

Cetera Investment Advisers boosted its position in shares of Oracle Co. (NYSE:ORCL) by 182.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 389,754 shares of the enterprise software provider’s stock after buying an additional 251,767 shares during the period. Cetera Investment Advisers’ holdings in Oracle were worth $48,957,000 as of its most recent SEC filing.

Other institutional investors also recently added to or reduced their stakes in the company. Invst LLC grew its stake in shares of Oracle by 2.7% in the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after purchasing an additional 86 shares during the last quarter. Nemes Rush Group LLC grew its stake in shares of Oracle by 1.2% in the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after purchasing an additional 86 shares during the last quarter. Avidian Wealth Solutions LLC grew its stake in shares of Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after purchasing an additional 90 shares during the last quarter. Sovereign Financial Group Inc. grew its stake in shares of Oracle by 2.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after purchasing an additional 90 shares during the last quarter. Finally, Godshalk Welsh Capital Management Inc. grew its stake in shares of Oracle by 0.3% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

Several brokerages have weighed in on ORCL. Citigroup lowered their target price on Oracle from $133.00 to $128.00 and set a “neutral” rating on the stock in a research note on Monday, June 10th. Argus lifted their price target on Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. JPMorgan Chase & Co. lifted their price target on Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. Evercore ISI lifted their price target on Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, Sanford C. Bernstein lifted their price target on Oracle from $159.00 to $171.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat, Oracle has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Oracle Price Performance

Shares of NYSE ORCL traded down $4.23 during trading on Friday, reaching $133.28. The company had a trading volume of 8,251,585 shares, compared to its average volume of 7,048,810. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $146.59. The stock has a market capitalization of $367.30 billion, a PE ratio of 35.92, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. The stock has a 50-day moving average price of $136.33 and a two-hundred day moving average price of $124.26. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. During the same period last year, the firm earned $1.35 earnings per share. The business’s revenue was up 3.3% compared to the same quarter last year. As a group, sell-side analysts predict that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.20%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Insider Activity at Oracle

In related news, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Director Michael J. Boskin sold 45,000 shares of the stock in a transaction dated Tuesday, May 7th. The stock was sold at an average price of $117.74, for a total transaction of $5,298,300.00. Following the transaction, the director now directly owns 87,473 shares in the company, valued at $10,299,071.02. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total value of $34,042,967.40. Following the transaction, the insider now owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,907,500 shares of company stock worth $272,074,924. 42.80% of the stock is currently owned by insiders.

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.