Insight Wealth Strategies LLC Purchases 6,640 Shares of Oracle Co. (NYSE:ORCL)

Insight Wealth Strategies LLC grew its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 54.5% during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm owned 18,818 shares of the enterprise software provider's stock after purchasing an additional 6,640 shares during the period. Insight Wealth Strategies LLC's holdings in Oracle were worth $2,631,000 at the end of the most recent quarter.

Other institutional investors also recently modified their holdings of the company. Cookson Peirce & Co. Inc. increased its position in shares of Oracle by 4.4% during the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after buying an additional 60 shares during the period. Warther Private Wealth LLC grew its stake in Oracle by 1.8% during the fourth quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock valued at $603,000 after acquiring an additional 63 shares in the last quarter. Howard Bailey Securities LLC increased its holdings in Oracle by 2.9% during the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after acquiring an additional 64 shares during the period. New England Capital Financial Advisors LLC increased its holdings in Oracle by 6.4% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock worth $177,000 after acquiring an additional 64 shares during the period. Finally, Abel Hall LLC lifted its stake in Oracle by 3.0% in the 4th quarter. Abel Hall LLC now owns 2,253 shares of the enterprise software provider's stock worth $376,000 after purchasing an additional 65 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. KeyCorp restated an "overweight" rating and set a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Morgan Stanley decreased their price objective on Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a report on Wednesday, April 16th. Bank of America lowered their price target on shares of Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a report on Tuesday, March 11th. Guggenheim reaffirmed a "buy" rating and set a $220.00 price target on shares of Oracle in a research report on Thursday, April 3rd. Finally, DA Davidson dropped their target price on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating for the company in a research report on Monday, April 14th. Fourteen analysts have rated the stock with a hold rating, fifteen have issued a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $174.42.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director now owns 31,764 shares in the company, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director now owns 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 27,366 shares of company stock worth $4,015,723 over the last three months. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

NYSE ORCL traded up $2.13 during trading hours on Friday, hitting $165.03. The company's stock had a trading volume of 17,537,919 shares, compared to its average volume of 9,540,302. The company's 50 day simple moving average is $144.32 and its two-hundred day simple moving average is $161.43. Oracle Co. has a 12 month low of $114.55 and a 12 month high of $198.31. The company has a market cap of $461.58 billion, a P/E ratio of 40.35, a price-to-earnings-growth ratio of 3.46 and a beta of 1.27. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL - Get Free Report) last posted 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 firm had revenue of $14.13 billion during the quarter, compared to the consensus estimate of $14.40 billion. During the same period in the prior year, the company posted $1.41 EPS. The firm's revenue was up 6.4% compared to the same quarter last year. As a group, sell-side analysts expect that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

The business also recently disclosed a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were given a dividend of $0.50 per share. This is a boost from Oracle's previous quarterly dividend of $0.40. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.21%. The ex-dividend date of this dividend was Thursday, April 10th. Oracle's payout ratio is presently 46.95%.

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.