Ullmann Wealth Partners Group LLC Takes $274,000 Position in Oracle Co. (NYSE:ORCL)

Ullmann Wealth Partners Group LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL) during the 2nd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,937 shares of the enterprise software provider’s stock, valued at approximately $274,000.

Several other hedge funds have also added to or reduced their stakes in ORCL. Westend Capital Management LLC acquired a new position in Oracle during the 1st quarter valued at about $25,000. POM Investment Strategies LLC bought a new stake in shares of Oracle during the second quarter worth approximately $30,000. Bbjs Financial Advisors LLC bought a new stake in shares of Oracle during the second quarter worth approximately $35,000. Tidemark LLC acquired a new position in Oracle in the fourth quarter valued at approximately $29,000. Finally, Frank Rimerman Advisors LLC bought a new position in Oracle in the fourth quarter valued at approximately $30,000. Institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $161.36 on Friday. The company has a 50 day moving average of $139.50 and a 200-day moving average of $129.55. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The stock has a market capitalization of $447.12 billion, a P/E ratio of 43.49, a P/E/G ratio of 2.89 and a beta of 1.01. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $162.34.

Oracle (NYSE:ORCL) last released its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same quarter last year, the firm earned $0.95 earnings per share. The firm’s revenue for the quarter was up 6.9% compared to the same quarter last year. As a group, equities research analysts forecast that Oracle Co. will post 5.03 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a dividend of $0.40 per share. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a yield of 0.99%. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. In related news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction dated Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on 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 directly owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders sold a total of 1,862,500 shares of company stock worth $266,776,624 over the last ninety days. 42.80% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of analyst reports. Morgan Stanley increased their price target on Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday. Mizuho increased their target price on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research note on Tuesday. UBS Group raised their target price on Oracle from $160.00 to $175.00 and gave the stock a “buy” rating in a report on Tuesday. Barclays upped their price target on Oracle from $160.00 to $172.00 and gave the company an “overweight” rating in a research note on Tuesday. Finally, TD Cowen lifted their price objective on shares of Oracle from $165.00 to $180.00 and gave the stock a “buy” rating in a research note on Tuesday. Eleven analysts have rated the stock with a hold rating and nineteen have given a buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and a consensus price target of $158.68.

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.