Oracle Co. (NYSE:ORCL) Shares Purchased by Simon Quick Advisors LLC

Simon Quick Advisors LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL - Free Report) by 18.3% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission (SEC). The fund owned 8,526 shares of the enterprise software provider's stock after buying an additional 1,320 shares during the quarter. Simon Quick Advisors LLC's holdings in Oracle were worth $1,192,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other hedge funds also recently added to or reduced their stakes in the business. Sunbeam Capital Management LLC purchased a new position in shares of Oracle in the fourth quarter worth about $30,000. Hurley Capital LLC purchased a new position in Oracle during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC acquired a new stake in Oracle during the 4th quarter valued at approximately $34,000. TFC Financial Management Inc. boosted its holdings in shares of Oracle by 129.0% in the 4th quarter. TFC Financial Management Inc. now owns 213 shares of the enterprise software provider's stock valued at $35,000 after acquiring an additional 120 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle in the fourth quarter worth $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Activity

In other news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders have sold 427,366 shares of company stock valued at $80,183,723. Company insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

ORCL has been the subject of several recent research reports. Stephens began coverage on Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price target for the company. Mizuho cut their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Bank of America increased their price target on shares of Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a report on Thursday. Cowen restated a "buy" rating on shares of Oracle in a research report on Thursday. Finally, UBS Group restated a "buy" rating and set a $225.00 price objective (up from $200.00) on shares of Oracle in a research report on Thursday. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has issued a strong buy rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $194.32.

Oracle Trading Down 2.0%

Shares of ORCL stock traded down $4.28 during trading on Monday, hitting $210.94. 22,603,823 shares of the stock traded hands, compared to its average volume of 9,773,126. Oracle Co. has a 52-week low of $118.86 and a 52-week high of $216.60. The firm has a market capitalization of $589.98 billion, a P/E ratio of 51.57, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. The firm's fifty day moving average price is $154.61 and its 200-day moving average price is $160.49. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

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, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, research analysts forecast that Oracle Co. will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is presently 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.