Oracle Co. (NYSE:ORCL) Shares Purchased by MainStreet Investment Advisors LLC

MainStreet Investment Advisors LLC lifted its holdings in Oracle Co. (NYSE:ORCL) by 51.3% in the first quarter, according to its most recent disclosure with the SEC. The institutional investor owned 33,500 shares of the enterprise software provider’s stock after purchasing an additional 11,358 shares during the period. MainStreet Investment Advisors LLC’s holdings in Oracle were worth $1,619,000 at the end of the most recent reporting period.

Other hedge funds have also made changes to their positions in the company. First National Bank of South Miami grew its holdings in shares of Oracle by 104.6% in the fourth quarter. First National Bank of South Miami now owns 489 shares of the enterprise software provider’s stock valued at $26,000 after purchasing an additional 250 shares in the last quarter. Lloyd Advisory Services LLC. acquired a new position in shares of Oracle in the fourth quarter valued at approximately $26,000. Samalin Investment Counsel LLC acquired a new position in shares of Oracle in the fourth quarter valued at approximately $27,000. Solstein Capital LLC acquired a new position in shares of Oracle in the fourth quarter valued at approximately $33,000. Finally, Wealth Alliance acquired a new position in shares of Oracle in the fourth quarter valued at approximately $64,000. Hedge funds and other institutional investors own 50.64% of the company’s stock.

ORCL stock traded up $0.18 on Friday, hitting $52.40. The company’s stock had a trading volume of 630,588 shares, compared to its average volume of 10,632,280. The firm has a 50 day moving average of $52.43 and a two-hundred day moving average of $53.01. Oracle Co. has a 1 year low of $39.71 and a 1 year high of $60.50. The stock has a market cap of $166.82 billion, a price-to-earnings ratio of 16.49, a price-to-earnings-growth ratio of 1.39 and a beta of 0.90. The company has a current ratio of 2.12, a quick ratio of 2.12 and a debt-to-equity ratio of 3.31.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Thursday, March 12th. The enterprise software provider reported $0.97 EPS for the quarter, beating the consensus estimate of $0.96 by $0.01. Oracle had a net margin of 27.06% and a return on equity of 64.68%. The firm had revenue of $9.80 billion during the quarter, compared to the consensus estimate of $9.75 billion. During the same quarter in the prior year, the firm earned $0.87 EPS. Oracle’s revenue for the quarter was up 1.9% on a year-over-year basis. As a group, equities analysts forecast that Oracle Co. will post 3.47 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Thursday, April 23rd. Investors of record on Thursday, April 9th were given a $0.24 dividend. The ex-dividend date of this dividend was Wednesday, April 8th. This represents a $0.96 annualized dividend and a yield of 1.83%. Oracle’s dividend payout ratio (DPR) is 30.38%.

Oracle declared that its Board of Directors has initiated a stock repurchase plan on Thursday, March 12th that permits the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization permits the enterprise software provider to repurchase up to 9.8% of its shares through open market purchases. Shares repurchase plans are often a sign that the company’s board believes its stock is undervalued.

Several research analysts have commented on ORCL shares. Sanford C. Bernstein reiterated a “buy” rating and set a $58.00 price target on shares of Oracle in a report on Friday, March 13th. Wells Fargo & Co lowered their price target on shares of Oracle from $65.00 to $55.00 and set an “overweight” rating for the company in a report on Friday, March 13th. Jefferies Financial Group reiterated a “neutral” rating and set a $55.00 price target on shares of Oracle in a report on Thursday, April 9th. Exane BNP Paribas upgraded shares of Oracle from a “neutral” rating to an “outperform” rating and set a $55.00 price target for the company in a report on Tuesday, March 31st. Finally, Raymond James lowered their price target on shares of Oracle from $61.00 to $56.00 and set an “outperform” rating for the company in a report on Friday, March 13th. One investment analyst has rated the stock with a sell rating, fifteen have issued a hold rating and thirteen have assigned a buy rating to the company. The stock currently has a consensus rating of “Hold” and an average price target of $53.57.

In other news, Director Charles W. Moorman acquired 10,000 shares of the company’s stock in a transaction on Monday, March 23rd. The shares were bought at an average cost of $45.23 per share, with a total value of $452,300.00. Following the purchase, the director now owns 18,561 shares of the company’s stock, valued at approximately $839,514.03. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CEO Safra Catz sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The shares were sold at an average price of $51.73, for a total transaction of $51,730,000.00. Following the completion of the transaction, the chief executive officer now directly owns 2,368,592 shares in the company, valued at $122,527,264.16. The disclosure for this sale can be found here. Insiders own 36.60% of the company’s stock.

About Oracle

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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