Perigon Wealth Management LLC Purchases 1,544 Shares of Oracle Co. (NYSE:ORCL)

Perigon Wealth Management LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 30.4% during the 2nd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,623 shares of the enterprise software provider’s stock after buying an additional 1,544 shares during the quarter. Perigon Wealth Management LLC’s holdings in Oracle were worth $366,000 as of its most recent filing with the Securities & Exchange Commission.

Several other institutional investors have also recently bought and sold shares of the business. Modus Advisors LLC purchased a new stake in shares of Oracle during the 2nd quarter worth approximately $25,000. Balentine LLC purchased a new stake in shares of Oracle during the 1st quarter worth approximately $31,000. Ellevest Inc. increased its stake in shares of Oracle by 38.4% during the 1st quarter. Ellevest Inc. now owns 797 shares of the enterprise software provider’s stock worth $39,000 after purchasing an additional 221 shares during the last quarter. MBE Wealth Management LLC purchased a new stake in shares of Oracle during the 1st quarter worth approximately $39,000. Finally, Solstein Capital LLC increased its stake in shares of Oracle by 57.4% during the 1st quarter. Solstein Capital LLC now owns 987 shares of the enterprise software provider’s stock worth $48,000 after purchasing an additional 360 shares during the last quarter. 48.10% of the stock is currently owned by hedge funds and other institutional investors.

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,400,000 shares of the business’s stock in a transaction on Friday, June 26th. The shares were sold at an average price of $54.11, for a total value of $75,754,000.00. Following the completion of the sale, the chairman now directly owns 1,140,132,353 shares of the company’s stock, valued at $61,692,561,620.83. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, CEO Safra Catz sold 1,000,000 shares of the business’s stock in a transaction on Wednesday, May 13th. The stock was sold at an average price of $51.73, for a total transaction of $51,730,000.00. Following the completion of the sale, the chief executive officer now directly owns 2,368,592 shares of the company’s stock, valued at $122,527,264.16. The disclosure for this sale can be found here. Insiders sold 7,300,000 shares of company stock valued at $396,376,000 over the last three months. 36.60% of the stock is currently owned by insiders.

Several equities research analysts have recently issued reports on ORCL shares. Morgan Stanley raised their price target on shares of Oracle from $53.00 to $58.00 and gave the stock an “equal weight” rating in a research note on Wednesday, June 17th. Wedbush reiterated a “neutral” rating and issued a $52.00 price objective (up from $48.00) on shares of Oracle in a research note on Thursday, June 11th. Goldman Sachs Group lifted their price objective on shares of Oracle from $58.00 to $61.00 and gave the company a “conviction-buy” rating in a research note on Wednesday, June 24th. They noted that the move was a valuation call. Credit Suisse Group lifted their price objective on shares of Oracle from $58.00 to $62.00 and gave the company an “outperform” rating in a research note on Thursday, July 9th. Finally, Stifel Nicolaus lifted their price objective on shares of Oracle from $44.00 to $48.00 and gave the company a “hold” rating in a research note on Wednesday, June 17th. One equities research analyst has rated the stock with a sell rating, eighteen have assigned a hold rating, nine have given a buy rating and one has issued a strong buy rating to the company’s stock. The company presently has an average rating of “Hold” and a consensus price target of $55.34.

NYSE ORCL opened at $55.45 on Friday. Oracle Co. has a 52-week low of $39.71 and a 52-week high of $57.88. The company has a debt-to-equity ratio of 5.44, a quick ratio of 3.03 and a current ratio of 3.03. The company has a market capitalization of $170.16 billion, a P/E ratio of 17.89, a P/E/G ratio of 1.40 and a beta of 0.87. The company has a fifty day moving average of $55.15 and a 200-day moving average of $52.88.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 16th. The enterprise software provider reported $1.20 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $1.08 by $0.12. Oracle had a net margin of 25.94% and a return on equity of 72.76%. The company had revenue of $10.44 billion during the quarter, compared to the consensus estimate of $10.72 billion. During the same period in the previous year, the firm posted $1.16 EPS. The firm’s revenue was down 6.3% compared to the same quarter last year. As a group, analysts forecast that Oracle Co. will post 3.59 EPS for the current fiscal year.

The firm also recently declared a quarterly dividend, which was paid on Tuesday, July 28th. Shareholders of record on Wednesday, July 15th were paid a $0.24 dividend. This represents a $0.96 annualized dividend and a yield of 1.73%. The ex-dividend date was Tuesday, July 14th. Oracle’s dividend payout ratio is presently 27.75%.

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.

Further Reading: How are Outstanding Shares Different from Authorized Shares?

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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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