Krilogy Financial LLC Takes $1.42 Million Position in Oracle Co. (NYSE:ORCL)

Krilogy Financial LLC bought a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund bought 10,126 shares of the enterprise software provider's stock, valued at approximately $1,416,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Rockland Trust Co. boosted its holdings in Oracle by 4.8% in the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after acquiring an additional 467 shares in the last quarter. Cornerstone Advisory LLC boosted its holdings in Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after acquiring an additional 3,299 shares in the last quarter. Peak Retirement Planning Inc. acquired a new stake in Oracle in the fourth quarter worth about $211,000. Secure Asset Management LLC boosted its holdings in Oracle by 21.8% in the first quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock worth $1,850,000 after acquiring an additional 2,365 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Oracle in the fourth quarter worth about $51,084,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,366 shares of company stock valued at $80,183,723. Corporate insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

A number of equities research analysts recently commented on ORCL shares. Jefferies Financial Group lifted their target price on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. JMP Securities lifted their target price on Oracle from $205.00 to $240.00 and gave the stock a "market outperform" rating in a report on Thursday. Barclays lifted their target price on Oracle from $202.00 to $221.00 and gave the stock an "overweight" rating in a report on Friday. Stephens started coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 target price for the company. Finally, Stifel Nicolaus lifted their target price on Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a report on Thursday. Twelve analysts have rated the stock with a hold rating, nineteen have given a buy rating and one has issued a strong buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus target price of $194.32.

Oracle Trading Up 7.8%

NYSE:ORCL traded up $15.68 during trading hours on Friday, hitting $215.54. The company had a trading volume of 53,639,099 shares, compared to its average volume of 9,721,350. 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 company has a 50-day moving average of $152.88 and a 200 day moving average of $160.46. The company has a market cap of $602.86 billion, a P/E ratio of 52.70, a P/E/G 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 earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the business earned $1.63 EPS. Sell-side analysts expect that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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

About Oracle

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.