Insigneo Advisory Services LLC Has $2.95 Million Position in Oracle Co. (NYSE:ORCL)

Insigneo Advisory Services LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 37.4% during the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 21,082 shares of the enterprise software provider's stock after acquiring an additional 5,734 shares during the period. Insigneo Advisory Services LLC's holdings in Oracle were worth $2,948,000 at the end of the most recent reporting period.

Several other institutional investors have also made changes to their positions in the business. Lesa Sroufe & Co acquired a new position in Oracle in the first quarter valued at about $361,000. Berkshire Bank boosted its position in Oracle by 34.4% in the first quarter. Berkshire Bank now owns 2,627 shares of the enterprise software provider's stock valued at $367,000 after buying an additional 672 shares in the last quarter. Strategic Advisors LLC boosted its position in Oracle by 2.0% in the first quarter. Strategic Advisors LLC now owns 4,851 shares of the enterprise software provider's stock valued at $678,000 after buying an additional 96 shares in the last quarter. Chicago Capital LLC boosted its position in Oracle by 3.7% in the first quarter. Chicago Capital LLC now owns 68,566 shares of the enterprise software provider's stock valued at $9,586,000 after buying an additional 2,419 shares in the last quarter. Finally, Vivid Wealth Management LLC boosted its position in Oracle by 14.6% in the first quarter. Vivid Wealth Management LLC now owns 15,941 shares of the enterprise software provider's stock valued at $2,229,000 after buying an additional 2,025 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now owns 34,630 shares in the company, valued at approximately $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider now owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock worth $80,183,723 over the last quarter. 42.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

A number of equities analysts have commented on ORCL shares. Wall Street Zen lowered shares of Oracle from a "buy" rating to a "hold" rating in a research report on Wednesday, February 19th. BMO Capital Markets raised shares of Oracle from a "market perform" rating to an "outperform" rating and boosted their target price for the stock from $200.00 to $235.00 in a research note on Friday. Citigroup reaffirmed an "outperform" rating on shares of Oracle in a research note on Thursday. Royal Bank of Canada boosted their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Finally, DA Davidson boosted their target price on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has given a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $194.32.

Oracle Stock Down 2.0%

Shares of NYSE ORCL opened at $210.94 on Tuesday. The stock has a market cap of $589.98 billion, a P/E ratio of 51.57, a P/E/G ratio of 3.46 and a beta of 1.32. The firm has a 50 day moving average price of $154.61 and a 200 day moving average price of $160.49. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. Oracle Co. has a 52-week low of $118.86 and a 52-week 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, beating analysts' consensus estimates of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations 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% on a year-over-year basis. During the same quarter in the previous year, the company earned $1.63 earnings per share. Analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.

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