Oracle Co. (NYSE:ORCL) Shares Bought by Dumont & Blake Investment Advisors LLC

Dumont & Blake Investment Advisors LLC grew its stake in shares of Oracle Co. (NYSE:ORCL) by 1.2% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,344 shares of the enterprise software provider’s stock after acquiring an additional 150 shares during the period. Dumont & Blake Investment Advisors LLC’s holdings in Oracle were worth $1,551,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds have also modified their holdings of the company. Invst LLC boosted its holdings in Oracle by 2.7% in the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock worth $380,000 after purchasing an additional 86 shares in the last quarter. Nemes Rush Group LLC raised its stake in shares of Oracle by 1.2% in the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after acquiring an additional 86 shares in the last quarter. Avidian Wealth Solutions LLC lifted its holdings in Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after purchasing an additional 90 shares during the last quarter. Sovereign Financial Group Inc. boosted its position in Oracle by 2.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock worth $342,000 after purchasing an additional 90 shares during the period. Finally, Godshalk Welsh Capital Management Inc. grew its holdings in Oracle by 0.3% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after purchasing an additional 90 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 0.7 %

Shares of ORCL stock traded up $1.02 during trading hours on Friday, reaching $141.20. The company had a trading volume of 25,814,821 shares, compared to its average volume of 11,264,646. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $145.32. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72. The firm has a market cap of $389.13 billion, a price-to-earnings ratio of 38.06, a P/E/G ratio of 2.56 and a beta of 1.01. The company has a 50 day moving average of $125.24 and a 200 day moving average of $118.08.

Oracle (NYSE:ORCL) last announced its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The firm had revenue of $14.29 billion during the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The business’s revenue was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the business earned $1.35 earnings per share. On average, equities research analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th will be given a dividend of $0.40 per share. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date is Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ORCL shares. William Blair raised Oracle from a “market perform” rating to an “outperform” rating in a research report on Tuesday, March 12th. Mizuho raised their price objective on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. The Goldman Sachs Group boosted their target price on shares of Oracle from $115.00 to $130.00 and gave the stock a “neutral” rating in a research report on Wednesday, March 13th. Guggenheim restated a “buy” rating and issued a $175.00 price target on shares of Oracle in a research report on Tuesday, June 25th. Finally, Stifel Nicolaus upped their price objective on shares of Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to data from MarketBeat.com, Oracle has an average rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Activity

In other news, insider Edward Screven sold 235,918 shares of the stock in a transaction on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at $379,042,045.20. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. In related news, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The transaction was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders have sold 385,639 shares of company stock worth $53,002,729 in the last 90 days. Corporate insiders own 42.80% of the company’s stock.

Oracle Profile

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.