HF Advisory Group LLC Purchases 2,475 Shares of Oracle Co. (NYSE:ORCL)

HF Advisory Group LLC lifted its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 16.4% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 17,579 shares of the enterprise software provider's stock after purchasing an additional 2,475 shares during the period. Oracle accounts for 1.1% of HF Advisory Group LLC's holdings, making the stock its 29th biggest position. HF Advisory Group LLC's holdings in Oracle were worth $2,458,000 as of its most recent filing with the Securities & Exchange Commission.

Other large investors also recently made changes to their positions in the company. Warren Street Wealth Advisors LLC raised its stake in Oracle by 9.7% in the 1st quarter. Warren Street Wealth Advisors LLC now owns 5,721 shares of the enterprise software provider's stock valued at $800,000 after acquiring an additional 506 shares during the period. Clare Market Investments LLC increased its holdings in shares of Oracle by 39.8% in the first quarter. Clare Market Investments LLC now owns 13,790 shares of the enterprise software provider's stock valued at $1,928,000 after purchasing an additional 3,925 shares during the last quarter. Secure Asset Management LLC increased its holdings in shares of Oracle by 21.8% in the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock valued at $1,850,000 after purchasing an additional 2,365 shares during the last quarter. Portside Wealth Group LLC raised its position in shares of Oracle by 19.6% in the first quarter. Portside Wealth Group LLC now owns 61,999 shares of the enterprise software provider's stock valued at $8,668,000 after purchasing an additional 10,165 shares during the period. Finally, Park Edge Advisors LLC lifted its stake in shares of Oracle by 9.9% during the 1st quarter. Park Edge Advisors LLC now owns 7,520 shares of the enterprise software provider's stock worth $1,051,000 after buying an additional 677 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

NYSE:ORCL traded up $3.08 during mid-day trading on Friday, reaching $174.22. The stock had a trading volume of 6,828,176 shares, compared to its average volume of 9,509,731. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $198.31. The stock has a market capitalization of $487.29 billion, a PE ratio of 42.60, a P/E/G ratio of 3.46 and a beta of 1.32. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81. The stock has a 50-day simple moving average of $146.56 and a two-hundred day simple moving average of $160.77.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Monday, March 10th. The enterprise software provider reported $1.47 earnings per share for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a net margin of 21.16% and a return on equity of 133.25%. The business had revenue of $14.13 billion during the quarter, compared to analyst estimates of $14.40 billion. During the same period in the prior year, the business posted $1.41 EPS. The company's revenue for the quarter was up 6.4% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Increases Dividend

The firm also recently announced a quarterly dividend, which was paid on Wednesday, April 23rd. Shareholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. This is an increase from Oracle's previous quarterly dividend of $0.40. The ex-dividend date of this dividend was Thursday, April 10th. This represents a $2.00 annualized dividend and a yield of 1.15%. Oracle's payout ratio is presently 46.95%.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director now owns 31,764 shares in the company, valued at $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available at this link. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director now owns 58,090 shares of the company's stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last 90 days, insiders sold 27,366 shares of company stock valued at $4,015,723. 42.20% of the stock is currently owned by insiders.

Wall Street Analyst Weigh In

A number of research analysts recently commented on the stock. Evercore ISI decreased their price target on shares of Oracle from $200.00 to $185.00 and set an "outperform" rating on the stock in a research note on Tuesday, March 11th. Cantor Fitzgerald decreased their target price on Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. Stephens started coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target for the company. BMO Capital Markets reduced their price target on Oracle from $205.00 to $175.00 and set a "market perform" rating for the company in a research note on Tuesday, March 11th. Finally, Royal Bank of Canada set a $145.00 price objective on Oracle and gave the stock a "sector perform" rating in a research report on Tuesday, March 11th. Fourteen research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average target price of $174.42.

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.