Oracle Corporation $ORCL Shares Bought by Jacobs & Co. CA

Key Points

• Jacobs & Co. CA increased its stake in Oracle Corporation by 56.6% during the 2nd quarter, holding 12,379 shares valued at approximately $2.7 million.
• Oracle recently reported earnings of $1.70 EPS for the last quarter, surpassing expectations and showing an 11.3% revenue increase year-over-year.
• The company announced a quarterly dividend of $0.50 per share, with an annualized yield of 0.7%, to be paid on October 23rd.

Jacobs & Co. CA raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 56.6% in the 2nd quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 12,379 shares of the enterprise software provider's stock after acquiring an additional 4,472 shares during the quarter. Jacobs & Co. CA's holdings in Oracle were worth $2,706,000 at the end of the most recent quarter.

Other large investors also recently bought and sold shares of the company. Brighton Jones LLC grew its position in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC grew its position in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares in the last quarter. ProShare Advisors LLC grew its position in shares of Oracle by 6.1% during the fourth quarter. ProShare Advisors LLC now owns 366,034 shares of the enterprise software provider's stock worth $60,996,000 after buying an additional 20,991 shares in the last quarter. Sig Brokerage LP acquired a new stake in shares of Oracle during the fourth quarter worth approximately $498,000. Finally, Shell Asset Management Co. grew its position in shares of Oracle by 205.3% during the fourth quarter. Shell Asset Management Co. now owns 22,259 shares of the enterprise software provider's stock worth $3,709,000 after buying an additional 14,968 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,183 shares of company stock valued at $10,353,198 in the last three months. 42.20% of the stock is owned by corporate insiders.

Oracle Stock Performance

ORCL stock opened at $292.07 on Friday. The company has a debt-to-equity ratio of 3.33, a quick ratio of 0.75 and a current ratio of 0.62. The stock has a market capitalization of $820.38 billion, a price-to-earnings ratio of 67.61, a PEG ratio of 4.10 and a beta of 1.46. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $345.72. The stock's fifty day moving average is $244.69 and its two-hundred day moving average is $190.37.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results 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 company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business posted $1.63 earnings per share. On average, research analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is presently 46.30%.

Analyst Upgrades and Downgrades

A number of analysts have recently weighed in on the stock. DA Davidson raised their price target on shares of Oracle from $220.00 to $300.00 and gave the stock a "neutral" rating in a research report on Wednesday. Cowen reissued a "buy" rating and set a $375.00 price target on shares of Oracle in a research report on Wednesday. Morgan Stanley raised their price target on shares of Oracle from $175.00 to $246.00 and gave the stock an "equal weight" rating in a research report on Monday, September 8th. BMO Capital Markets set a $345.00 price objective on shares of Oracle in a report on Wednesday. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 price objective (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have issued a Hold rating to the company. According to MarketBeat, Oracle has an average rating of "Moderate Buy" and an average price target of $296.84.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.