EP Wealth Advisors LLC Acquires 32,877 Shares of Oracle Co. (NYSE:ORCL)

EP Wealth Advisors LLC raised its stake in shares of Oracle Co. (NYSE:ORCL) by 63.8% in the second quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 84,370 shares of the enterprise software provider’s stock after buying an additional 32,877 shares during the quarter. EP Wealth Advisors LLC’s holdings in Oracle were worth $11,913,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also recently modified their holdings of the stock. Fairway Wealth LLC purchased a new stake in Oracle in the 2nd quarter worth $27,000. Westend Capital Management LLC purchased a new stake in shares of Oracle in the first quarter worth about $25,000. POM Investment Strategies LLC bought a new position in Oracle during the second quarter valued at approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle during the 2nd quarter valued at approximately $35,000. Finally, Frank Rimerman Advisors LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Institutional investors own 42.44% of the company’s stock.

Analysts Set New Price Targets

Several equities research analysts recently weighed in on ORCL shares. JPMorgan Chase & Co. boosted their price target on shares of Oracle from $110.00 to $120.00 and gave the stock a “neutral” rating in a research report on Monday, September 9th. Barclays boosted their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Melius raised shares of Oracle from a “hold” rating to a “buy” rating and set a $210.00 price target for the company in a report on Monday, September 16th. JMP Securities raised Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price objective on the stock in a research note on Tuesday, September 10th. Finally, Melius Research raised Oracle from a “hold” rating to a “buy” rating in a research note on Monday, September 16th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and an average price target of $166.13.

Oracle Trading Up 0.4 %

ORCL opened at $168.74 on Monday. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $173.99. The company 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. The stock’s fifty day moving average is $144.96 and its two-hundred day moving average is $133.79. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating the consensus estimate of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to the consensus estimate of $13.23 billion. During the same period in the previous year, the company posted $0.95 earnings per share. The firm’s quarterly revenue was up 6.9% on a year-over-year basis. Analysts forecast that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Dividend Announcement

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 issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Insider Buying and Selling

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the transaction, the executive vice president now owns 42,889 shares in the company, valued at $7,076,685. The transaction was disclosed in a filing with the SEC, which is accessible through this hyperlink. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Insiders sold 1,573,181 shares of company stock valued at $225,338,245 over the last 90 days. Corporate insiders own 42.80% of the company’s stock.

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.