Peak Financial Advisors LLC Invests $2.67 Million in Oracle Co. (NYSE:ORCL)

Peak Financial Advisors LLC acquired a new stake in Oracle Co. (NYSE:ORCL - Free Report) during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm acquired 19,071 shares of the enterprise software provider's stock, valued at approximately $2,666,000.

Other large investors also recently modified their holdings of the company. Cookson Peirce & Co. Inc. increased its holdings in 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 last quarter. Warther Private Wealth LLC boosted its stake in shares of Oracle by 1.8% during the 4th quarter. Warther Private Wealth LLC now owns 3,621 shares of the enterprise software provider's stock worth $603,000 after acquiring an additional 63 shares during the last quarter. Howard Bailey Securities LLC increased its stake in shares of Oracle by 2.9% in the 4th quarter. Howard Bailey Securities LLC now owns 2,274 shares of the enterprise software provider's stock worth $379,000 after purchasing an additional 64 shares in the last quarter. New England Capital Financial Advisors LLC raised its holdings in Oracle by 6.4% in 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 purchasing an additional 64 shares during the period. Finally, Cape ANN Savings Bank lifted its position in Oracle by 1.1% during the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock valued at $970,000 after purchasing an additional 65 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 27,366 shares of company stock valued at $4,015,723 in the last quarter. 42.20% of the stock is owned by insiders.

Oracle Trading Up 1.8%

NYSE ORCL traded up $3.06 on Thursday, hitting $171.16. 7,695,879 shares of the stock were exchanged, compared to its average volume of 9,506,423. 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 $198.31. The firm has a market capitalization of $478.73 billion, a P/E ratio of 41.85, a P/E/G ratio of 3.46 and a beta of 1.32. The stock has a fifty day moving average price of $145.94 and a two-hundred day moving average price of $160.87.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Monday, March 10th. The enterprise software provider reported $1.47 EPS for the quarter, missing analysts' consensus estimates of $1.49 by ($0.02). Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $14.13 billion for the quarter, compared to analysts' expectations of $14.40 billion. During the same period in the prior year, the firm posted $1.41 earnings per share. Oracle's revenue for the quarter was up 6.4% on a year-over-year basis. Research analysts forecast that Oracle Co. will post 5 EPS for the current fiscal year.

Oracle Increases Dividend

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

Analysts Set New Price Targets

ORCL has been the subject of a number of recent research reports. Bank of America cut their price objective on Oracle from $195.00 to $175.00 and set a "neutral" rating for the company in a research note on Tuesday, March 11th. Westpark Capital began 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. Jefferies Financial Group cut their price target on Oracle from $220.00 to $190.00 and set a "buy" rating for the company in a research note on Monday, March 31st. Morgan Stanley lowered their price objective on Oracle from $170.00 to $160.00 and set an "equal weight" rating on the stock in a research report on Wednesday, April 16th. Finally, KeyCorp reiterated an "overweight" rating and set a $200.00 target price on shares of Oracle in a research report on Tuesday, March 11th. Fourteen investment 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 currently has an average 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.