RFG Advisory LLC Boosts Stock Position in Oracle Co. (NYSE:ORCL)

RFG Advisory LLC grew its stake in shares of Oracle Co. (NYSE:ORCL - Free Report) by 22.5% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 24,483 shares of the enterprise software provider's stock after buying an additional 4,501 shares during the period. RFG Advisory LLC's holdings in Oracle were worth $3,423,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds have also recently modified their holdings of the stock. Capital Asset Advisory Services LLC grew its holdings in Oracle by 2.6% during the 1st quarter. Capital Asset Advisory Services LLC now owns 7,277 shares of the enterprise software provider's stock valued at $1,061,000 after buying an additional 181 shares in the last quarter. Merit Financial Group LLC lifted its holdings in shares of Oracle by 16.1% in the 1st quarter. Merit Financial Group LLC now owns 54,734 shares of the enterprise software provider's stock valued at $7,652,000 after acquiring an additional 7,574 shares during the last quarter. Affiance Financial LLC increased its stake in Oracle by 2.1% during the first quarter. Affiance Financial LLC now owns 5,210 shares of the enterprise software provider's stock worth $728,000 after acquiring an additional 106 shares during the last quarter. Baxter Bros Inc. increased its stake in Oracle by 13.7% during the first quarter. Baxter Bros Inc. now owns 2,030 shares of the enterprise software provider's stock worth $284,000 after acquiring an additional 245 shares during the last quarter. Finally, Inspirion Wealth Advisors LLC lifted its stake in shares of Oracle by 3.1% in the 1st quarter. Inspirion Wealth Advisors LLC now owns 2,628 shares of the enterprise software provider's stock valued at $367,000 after purchasing an additional 80 shares during the last quarter. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the transaction, the director now directly owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. The trade was a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 27,366 shares of company stock worth $4,015,723 over the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Up 1.8%

ORCL stock traded up $3.06 during trading on Thursday, reaching $171.16. 7,695,879 shares of the company traded hands, compared to its average volume of 9,506,423. The company has a market capitalization of $478.73 billion, a price-to-earnings ratio of 41.85, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $198.31. The company has a debt-to-equity ratio of 5.65, a quick ratio of 0.81 and a current ratio of 0.81. The business has a 50 day simple moving average of $145.94 and a 200 day simple moving average of $160.87.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing the consensus estimate 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 for the quarter, compared to analysts' expectations of $14.40 billion. During the same quarter in the prior year, the company posted $1.41 EPS. The business's revenue for the quarter was up 6.4% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Wednesday, April 23rd. Stockholders of record on Thursday, April 10th were paid a dividend of $0.50 per share. This is a positive change from Oracle's previous quarterly dividend of $0.40. The ex-dividend date was Thursday, April 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 1.17%. Oracle's payout ratio is presently 46.95%.

Analysts Set New Price Targets

Several equities analysts have recently weighed in on ORCL shares. Jefferies Financial Group cut their target price on Oracle from $220.00 to $190.00 and set a "buy" rating on the stock in a research report on Monday, March 31st. DA Davidson reduced their target price on shares of Oracle from $150.00 to $140.00 and set a "neutral" rating on the stock in a research note on Monday, April 14th. UBS Group reiterated a "market perform" rating on shares of Oracle in a report on Tuesday, March 11th. Westpark Capital assumed coverage on shares of Oracle in a research note on Tuesday, April 1st. They issued a "buy" rating and a $195.00 price objective for the company. Finally, Barclays cut their target price on Oracle from $212.00 to $202.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Fourteen equities research analysts have rated the stock with a hold rating, fifteen have assigned a buy rating and one has given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $174.42.

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.