Dover Advisors LLC Purchases 1,309 Shares of Oracle Co. (NYSE:ORCL)

Dover Advisors LLC grew its stake in Oracle Co. (NYSE:ORCL - Free Report) by 16.0% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 9,505 shares of the enterprise software provider's stock after purchasing an additional 1,309 shares during the quarter. Dover Advisors LLC's holdings in Oracle were worth $1,329,000 at the end of the most recent reporting period.

A number of other large investors also recently made changes to their positions in ORCL. Sunbeam Capital Management LLC bought a new stake in shares of Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC bought a new stake in shares of Oracle in the 4th quarter valued at $33,000. Synergy Investment Management LLC bought a new stake in shares of Oracle in the 4th quarter valued at $34,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle in the 4th quarter valued at $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Oracle in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

A number of research firms recently commented on ORCL. Monness Crespi & Hardt upgraded shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Stifel Nicolaus increased their target price on Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a report on Thursday. Westpark Capital increased their target price on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday. UBS Group increased their target price on Oracle from $200.00 to $225.00 and gave the stock a "buy" rating in a report on Thursday. Finally, KeyCorp increased their target price on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday. Twelve investment analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has assigned a strong buy rating to the company's stock. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $194.32.

Oracle Stock Performance

ORCL stock traded up $15.68 during mid-day trading on Friday, hitting $215.54. 53,639,099 shares of the company were exchanged, compared to its average volume of 9,721,350. The business has a 50 day simple moving average of $152.88 and a 200-day simple moving average of $160.46. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The stock has a market capitalization of $602.86 billion, a PE ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. Oracle Co. has a 1-year low of $118.86 and a 1-year high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $1.63 earnings per share. On average, equities analysts forecast that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. Oracle's dividend payout ratio is presently 46.08%.

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 427,366 shares of company stock valued at $80,183,723. 42.20% of the stock is currently owned by company insiders.

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.