Integrated Wealth Concepts LLC Acquires 5,110 Shares of Oracle Co. (NYSE:ORCL)

Integrated Wealth Concepts LLC increased its holdings in shares of Oracle Co. (NYSE:ORCL) by 36.4% in the second quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The fund owned 19,135 shares of the enterprise software provider’s stock after buying an additional 5,110 shares during the period. Integrated Wealth Concepts LLC’s holdings in Oracle were worth $1,091,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Evolution Wealth Advisors LLC boosted its holdings in shares of Oracle by 346.0% in the second quarter. Evolution Wealth Advisors LLC now owns 446 shares of the enterprise software provider’s stock valued at $25,000 after buying an additional 346 shares during the period. Next Capital Management LLC acquired a new position in Oracle during the second quarter worth $36,000. Covenant Multifamily Offices LLC acquired a new position in Oracle during the first quarter worth $35,000. Shamrock Asset Management LLC boosted its holdings in Oracle by 577.0% during the second quarter. Shamrock Asset Management LLC now owns 677 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 577 shares during the last quarter. Finally, Mizuho Securities Co. Ltd. acquired a new position in Oracle during the second quarter worth $40,000. 53.65% of the stock is owned by institutional investors and hedge funds.

Several research analysts recently commented on ORCL shares. Wells Fargo & Co increased their target price on shares of Oracle from $60.00 to $65.00 and gave the stock an “outperform” rating in a report on Thursday, June 20th. Credit Suisse Group set a $62.00 target price on shares of Oracle and gave the stock a “buy” rating in a report on Tuesday. Argus restated a “buy” rating on shares of Oracle in a report on Friday, September 13th. Macquarie restated a “hold” rating on shares of Oracle in a report on Thursday, September 12th. Finally, Stifel Nicolaus restated a “hold” rating on shares of Oracle in a report on Thursday, September 12th. Three analysts have rated the stock with a sell rating, eighteen have assigned a hold rating and eleven have given a buy rating to the company. Oracle has a consensus rating of “Hold” and a consensus target price of $56.49.



In other news, Director Hector Garcia-Molina sold 4,643 shares of the stock in a transaction dated Monday, September 16th. The shares were sold at an average price of $53.14, for a total value of $246,729.02. Following the transaction, the director now directly owns 38,562 shares of the company’s stock, valued at $2,049,184.68. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Naomi O. Seligman sold 90,000 shares of the stock in a transaction dated Friday, July 12th. The shares were sold at an average price of $59.52, for a total transaction of $5,356,800.00. Following the completion of the transaction, the director now directly owns 82,310 shares in the company, valued at $4,899,091.20. The disclosure for this sale can be found here. In the last quarter, insiders sold 985,143 shares of company stock valued at $52,356,709. Corporate insiders own 32.00% of the company’s stock.

ORCL stock traded up $0.03 during trading hours on Wednesday, reaching $53.39. The stock had a trading volume of 2,723,979 shares, compared to its average volume of 14,769,480. The stock has a market capitalization of $175.83 billion, a PE ratio of 16.89, a price-to-earnings-growth ratio of 1.57 and a beta of 1.18. The company has a debt-to-equity ratio of 2.67, a current ratio of 2.25 and a quick ratio of 2.25. The stock has a 50-day simple moving average of $53.20 and a 200 day simple moving average of $54.51. Oracle Co. has a fifty-two week low of $42.40 and a fifty-two week high of $60.50.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Wednesday, September 11th. The enterprise software provider reported $0.81 EPS for the quarter, beating analysts’ consensus estimates of $0.72 by $0.09. The firm had revenue of $9.22 billion during the quarter, compared to analysts’ expectations of $9.29 billion. Oracle had a net margin of 27.71% and a return on equity of 48.85%. The company’s revenue for the quarter was up .2% compared to the same quarter last year. During the same quarter last year, the company posted $0.71 earnings per share. On average, sell-side analysts forecast that Oracle Co. will post 3.47 EPS for the current fiscal year.

The company also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.24 dividend. This represents a $0.96 dividend on an annualized basis and a yield of 1.80%. The ex-dividend date of this dividend is Wednesday, October 9th. Oracle’s dividend payout ratio is currently 30.38%.

Oracle declared that its Board of Directors has authorized a stock buyback plan on Wednesday, September 11th that authorizes the company to repurchase $15.00 billion in outstanding shares. This repurchase authorization authorizes the enterprise software provider to purchase up to 8.4% of its shares through open market purchases. Shares repurchase plans are usually a sign that the company’s board of directors believes its shares are undervalued.

About Oracle

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.

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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