Northeast Financial Group Inc. Acquires Shares of 1,454 Oracle Co. (NYSE:ORCL)

Northeast Financial Group Inc. acquired a new stake in shares of Oracle Co. (NYSE:ORCL) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm acquired 1,454 shares of the enterprise software provider’s stock, valued at approximately $205,000.

Several other hedge funds and other institutional investors have also added to or reduced their stakes in ORCL. Strategic Blueprint LLC increased its position in shares of Oracle by 12.1% during the fourth quarter. Strategic Blueprint LLC now owns 4,572 shares of the enterprise software provider’s stock valued at $482,000 after acquiring an additional 495 shares during the last quarter. International Assets Investment Management LLC increased its position in shares of Oracle by 153.3% during the fourth quarter. International Assets Investment Management LLC now owns 11,947 shares of the enterprise software provider’s stock valued at $1,260,000 after acquiring an additional 7,230 shares during the last quarter. Cerity Partners LLC increased its position in shares of Oracle by 208.2% during the fourth quarter. Cerity Partners LLC now owns 885,056 shares of the enterprise software provider’s stock valued at $93,311,000 after acquiring an additional 597,846 shares during the last quarter. Sapient Capital LLC acquired a new stake in shares of Oracle during the fourth quarter valued at about $1,662,000. Finally, Perigon Wealth Management LLC increased its position in shares of Oracle by 26.0% during the fourth quarter. Perigon Wealth Management LLC now owns 25,360 shares of the enterprise software provider’s stock valued at $2,674,000 after acquiring an additional 5,232 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Buying and Selling

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the transaction, the director now owns 210,712 shares in the company, valued at $30,157,101.44. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock worth $266,776,624 in the last three months. Corporate insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of NYSE ORCL traded up $0.52 during trading on Monday, hitting $132.58. 5,561,811 shares of the company were exchanged, compared to its average volume of 8,388,151. The company has a market cap of $365.37 billion, a price-to-earnings ratio of 35.74, a PEG ratio of 2.49 and a beta of 1.02. Oracle Co. has a 1 year low of $99.26 and a 1 year high of $146.59. The firm’s fifty day moving average price is $137.08 and its 200 day moving average price is $125.13. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72.

Oracle (NYSE:ORCL) last issued its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). The company had revenue of $14.29 billion for the quarter, compared to analysts’ expectations of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.35 earnings per share. On average, sell-side analysts expect that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Investors of record on Thursday, July 11th were given a $0.40 dividend. The ex-dividend date was Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.21%. Oracle’s dividend payout ratio is presently 43.13%.

Wall Street Analyst Weigh In

Several research analysts have recently commented on ORCL shares. Argus raised their price objective on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research note on Tuesday, June 18th. Morgan Stanley reissued an “equal weight” rating and issued a $125.00 price objective on shares of Oracle in a research note on Tuesday, June 25th. DA Davidson reissued a “neutral” rating and issued a $105.00 price objective on shares of Oracle in a research note on Wednesday, June 12th. Evercore ISI raised their price objective on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Finally, Deutsche Bank Aktiengesellschaft raised their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Fourteen analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company has an average rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Company 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.