Sontag Advisory LLC Invests $351,000 in Oracle Co. (NYSE:ORCL)

Sontag Advisory LLC acquired a new position in shares of Oracle Co. (NYSE:ORCL) during the 2nd quarter, according to its most recent disclosure with the SEC. The institutional investor acquired 6,165 shares of the enterprise software provider’s stock, valued at approximately $351,000.

A number of other large investors also recently added to or reduced their stakes in the stock. HighTower Advisors LLC raised its holdings in Oracle by 5.0% during the 2nd quarter. HighTower Advisors LLC now owns 631,043 shares of the enterprise software provider’s stock valued at $35,969,000 after buying an additional 30,175 shares during the period. Independent Franchise Partners LLP raised its holdings in Oracle by 1.2% during the 2nd quarter. Independent Franchise Partners LLP now owns 8,204,947 shares of the enterprise software provider’s stock valued at $467,435,000 after buying an additional 96,307 shares during the period. Pinebridge Investments L.P. raised its holdings in Oracle by 66.7% during the 2nd quarter. Pinebridge Investments L.P. now owns 880,060 shares of the enterprise software provider’s stock valued at $50,137,000 after buying an additional 352,200 shares during the period. United Capital Financial Advisers LLC increased its stake in Oracle by 1.3% in the second quarter. United Capital Financial Advisers LLC now owns 719,996 shares of the enterprise software provider’s stock worth $41,018,000 after purchasing an additional 9,482 shares during the period. Finally, Profund Advisors LLC increased its stake in Oracle by 30.6% in the second quarter. Profund Advisors LLC now owns 67,136 shares of the enterprise software provider’s stock worth $3,825,000 after purchasing an additional 15,736 shares during the period. Institutional investors own 53.05% of the company’s stock.

In other news, EVP Dorian Daley sold 100,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $56.92, for a total value of $5,692,000.00. Following the completion of the transaction, the executive vice president now directly owns 177,919 shares in the company, valued at $10,127,149.48. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, CAO W Corey West sold 50,000 shares of the firm’s stock in a transaction dated Monday, June 24th. The stock was sold at an average price of $56.25, for a total value of $2,812,500.00. Following the completion of the transaction, the chief accounting officer now owns 85,348 shares of the company’s stock, valued at $4,800,825. The disclosure for this sale can be found here. In the last three months, insiders sold 2,140,000 shares of company stock valued at $117,501,425. Corporate insiders own 32.00% of the company’s stock.



A number of analysts have weighed in on the company. Zacks Investment Research upgraded Oracle from a “hold” rating to a “buy” rating and set a $61.00 target price on the stock in a research note on Wednesday, May 15th. BMO Capital Markets reiterated a “market perform” rating and issued a $60.00 target price (up previously from $59.00) on shares of Oracle in a research note on Thursday. ValuEngine lowered Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, August 1st. Cowen assumed coverage on Oracle in a research note on Friday, August 16th. They issued a “buy” rating and a $65.00 target price on the stock. Finally, Jefferies Financial Group increased their target price on Oracle from $61.00 to $66.00 and gave the stock a “buy” rating in a research note on Thursday, June 20th. Three equities research analysts have rated the stock with a sell rating, twenty have assigned a hold rating and ten have issued a buy rating to the company’s stock. Oracle has a consensus rating of “Hold” and a consensus price target of $55.88.

NYSE ORCL traded down $2.40 during trading on Thursday, hitting $53.89. The company’s stock had a trading volume of 27,575,308 shares, compared to its average volume of 13,667,544. The company has a debt-to-equity ratio of 2.31, a current ratio of 2.49 and a quick ratio of 2.49. The company has a market cap of $181.94 billion, a PE ratio of 17.05, a P/E/G ratio of 1.59 and a beta of 1.18. The business’s 50 day simple moving average is $54.15 and its 200-day simple moving average is $54.46. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $60.50.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 earnings per share for the quarter, topping the consensus estimate of $0.72 by $0.09. The business had revenue of $9.22 billion during the quarter, compared to the consensus estimate of $9.29 billion. Oracle had a return on equity of 40.95% and a net margin of 28.06%. The company’s quarterly revenue was up .2% on a year-over-year basis. During the same quarter last year, the company earned $0.71 earnings per share. Analysts expect that Oracle Co. will post 3.49 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.78%. Oracle’s dividend payout ratio is presently 30.38%.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure solutions for information technology (IT) environments worldwide. The company provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Further Reading: What does a market perform rating mean?

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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