Oracle Co. (NYSE:ORCL) Shares Acquired by Nemes Rush Group LLC

Nemes Rush Group LLC increased its position in shares of Oracle Co. (NYSE:ORCL) by 13.0% during the second quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm owned 20,597 shares of the enterprise software provider’s stock after acquiring an additional 2,370 shares during the period. Nemes Rush Group LLC’s holdings in Oracle were worth $2,908,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of the business. Westend Capital Management LLC acquired a new stake in shares of Oracle during the 1st quarter valued at $25,000. Fairway Wealth LLC acquired a new stake in shares of Oracle during the second quarter worth $27,000. Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle during the fourth quarter valued at $30,000. POM Investment Strategies LLC acquired a new position in shares of Oracle in the 2nd quarter valued at $30,000. Finally, Bbjs Financial Advisors LLC purchased a new position in Oracle in the 2nd quarter worth about $35,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Up 0.4 %

Shares of Oracle stock opened at $168.74 on Friday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $173.99. 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 50 day moving average price of $144.96 and a two-hundred day moving average price of $133.74. The stock has a market capitalization of $467.57 billion, a P/E ratio of 45.48, a PEG ratio of 3.05 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. Oracle’s revenue was up 6.9% compared to the same quarter last year. During the same period last year, the business posted $0.95 EPS. Equities analysts expect that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed 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 of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle’s dividend payout ratio is presently 43.13%.

Analyst Upgrades and Downgrades

Several research analysts have commented on ORCL shares. Stifel Nicolaus raised their target price on shares of Oracle from $135.00 to $155.00 and gave the stock a “hold” rating in a report on Tuesday, September 10th. Morgan Stanley boosted their target price on shares of Oracle from $125.00 to $145.00 and gave the company an “equal weight” rating in a research note on Tuesday, September 10th. KeyCorp raised their target price on Oracle from $165.00 to $175.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Mizuho upped their price target on Oracle from $170.00 to $185.00 and gave the company an “outperform” rating in a research report on Tuesday, September 10th. Finally, Barclays raised their price objective on Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a research report on Tuesday, September 10th. Ten investment analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. According to data from MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $166.13.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 426,861 shares of Oracle stock in a transaction that occurred on Wednesday, July 10th. The stock was sold at an average price of $141.91, for a total value of $60,575,844.51. Following the transaction, the insider now directly owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The sale was disclosed in a document filed with the SEC, which is accessible through this link. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction dated Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the transaction, the chairman now 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 accessible through the SEC website. Also, insider Edward Screven sold 426,861 shares of the stock in a transaction dated Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total transaction of $60,575,844.51. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $372,764,079.24. The disclosure for this sale can be found here. Insiders sold a total of 1,573,181 shares of company stock worth $225,338,245 in the last 90 days. 42.80% of the stock is owned by company insiders.

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.