Kathmere Capital Management LLC Boosts Stake in Oracle Co. (NYSE:ORCL)

Kathmere Capital Management LLC boosted its holdings in shares of Oracle Co. (NYSE:ORCL) by 11.4% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 12,146 shares of the enterprise software provider’s stock after acquiring an additional 1,240 shares during the period. Kathmere Capital Management LLC’s holdings in Oracle were worth $1,715,000 at the end of the most recent reporting period.

A number of other hedge funds also recently bought and sold shares of the business. Westend Capital Management LLC acquired a new stake in shares of Oracle in the 1st quarter worth $25,000. Fairway Wealth LLC purchased a new stake in shares of Oracle in the second quarter valued at about $27,000. Frank Rimerman Advisors LLC acquired a new stake in Oracle during the fourth quarter worth about $30,000. POM Investment Strategies LLC purchased a new position in Oracle during the second quarter worth about $30,000. Finally, Bbjs Financial Advisors LLC purchased a new stake in shares of Oracle in the 2nd quarter valued at approximately $35,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Buying and Selling

In other Oracle news, insider Edward Screven sold 426,861 shares of the company’s stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at $372,764,079.24. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, Director Leon E. Panetta sold 15,000 shares of the company’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 sale, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, insider Edward Screven sold 426,861 shares of the firm’s stock in a transaction on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $372,764,079.24. The disclosure for this sale can be found here. Insiders have sold 1,573,181 shares of company stock worth $225,338,245 in the last ninety days. 42.80% of the stock is owned by corporate insiders.

Analyst Upgrades and Downgrades

Several analysts have recently commented on the stock. Stifel Nicolaus lifted their price target on shares of Oracle from $135.00 to $155.00 and gave the company a “hold” rating in a research report on Tuesday, September 10th. Morgan Stanley increased their price target on Oracle from $125.00 to $145.00 and gave the stock an “equal weight” rating in a report on Tuesday, September 10th. BMO Capital Markets upped their target price on shares of Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a research report on Tuesday, September 10th. Evercore ISI lifted their price target on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Citigroup upped their price objective on shares of Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a report on Wednesday, September 11th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $166.13.

Oracle Stock Up 0.3 %

Oracle stock opened at $168.67 on Friday. The stock has a market cap of $464.82 billion, a PE ratio of 45.46, a P/E/G ratio of 3.05 and a beta of 1.01. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. The stock’s fifty day moving average is $144.96 and its two-hundred day moving average is $133.69. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $173.99.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion during the quarter, compared to analysts’ expectations of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm’s revenue was up 6.9% compared to the same quarter last year. During the same quarter in the previous year, the business earned $0.95 earnings per share. On average, sell-side analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, October 10th. Oracle’s dividend payout ratio (DPR) is 43.13%.

About Oracle

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.