Heritage Wealth Management Inc. Invests $2.14 Million in Oracle Co. (NYSE:ORCL)

Heritage Wealth Management Inc. purchased a new position in Oracle Co. (NYSE:ORCL) in the second quarter, according to its most recent disclosure with the SEC. The institutional investor purchased 14,780 shares of the enterprise software provider’s stock, valued at approximately $2,141,000. Oracle accounts for 0.7% of Heritage Wealth Management Inc.’s portfolio, making the stock its 27th largest holding.

Other institutional investors also recently made changes to their positions in the company. Westend Capital Management LLC acquired a new stake in shares of Oracle in the 1st quarter worth approximately $25,000. Fairway Wealth LLC acquired a new stake in shares of Oracle in the 2nd quarter worth approximately $27,000. Frank Rimerman Advisors LLC acquired a new stake in shares of Oracle in the 4th quarter worth approximately $30,000. POM Investment Strategies LLC acquired a new stake in shares of Oracle in the 2nd quarter worth approximately $30,000. Finally, Bbjs Financial Advisors LLC acquired a new stake in shares of Oracle in the 2nd quarter worth approximately $35,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Transactions at Oracle

In other news, insider Edward Screven sold 426,861 shares of the stock in a transaction on 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 transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other news, insider Edward Screven sold 426,861 shares of the stock in a transaction on 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 transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $372,764,079.24. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction on 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 completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The disclosure for this sale can be found here. Insiders have 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 insiders.

Oracle Stock Down 1.9 %

Oracle stock opened at $167.12 on Wednesday. The firm has a market cap of $463.08 billion, a PE ratio of 45.05, 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 quick ratio of 0.72 and a current ratio of 0.72. The firm’s 50 day moving average price is $146.05 and its two-hundred day moving average price is $134.40. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $173.99.

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 net margin of 20.40% and a return on equity of 171.38%. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the prior year, the business earned $0.95 EPS. The company’s revenue for the quarter was up 6.9% compared to the same quarter last year. On average, research analysts predict that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders of record on Thursday, October 10th will be paid 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 0.96%. Oracle’s dividend payout ratio (DPR) is 43.13%.

Wall Street Analyst Weigh In

Several analysts recently commented on the stock. JPMorgan Chase & Co. increased their target price on shares of Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a research note on Monday, September 9th. TD Cowen increased their target price on shares of Oracle from $165.00 to $180.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. UBS Group increased their target price on shares of Oracle from $160.00 to $175.00 and gave the company a “buy” rating in a research note on Tuesday, September 10th. Evercore ISI increased their target price on shares of Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a research note on Tuesday, September 10th. Finally, Citigroup increased their target price on shares of Oracle from $140.00 to $157.00 and gave the company a “neutral” rating in a research note on Wednesday, September 11th. Ten research analysts have rated the stock with a hold rating and twenty have assigned a buy rating to the company. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and a consensus target price of $167.42.

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.