Oak Harvest Investment Services Buys 32,046 Shares of Oracle Co. (NYSE:ORCL)

Oak Harvest Investment Services grew its holdings in Oracle Co. (NYSE:ORCL) by 211.1% in the first quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 47,225 shares of the enterprise software provider’s stock after buying an additional 32,046 shares during the quarter. Oak Harvest Investment Services’ holdings in Oracle were worth $5,932,000 at the end of the most recent reporting period.

A number of other hedge funds and other institutional investors also recently made changes to their positions in the business. Orion Capital Management LLC acquired a new stake in Oracle in the third quarter worth about $25,000. Westend Capital Management LLC bought a new position in Oracle during the first quarter worth about $25,000. Spartan Planning & Wealth Management bought a new position in Oracle during the third quarter worth about $27,000. Tidemark LLC bought a new position in Oracle during the fourth quarter worth about $29,000. Finally, Nordwand Advisors LLC bought a new position in Oracle during the fourth quarter worth about $30,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insiders Place Their Bets

In other news, insider Edward Screven sold 37,221 shares of Oracle stock in a transaction on Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total value of $5,218,011.99. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $368,246,045.16. The sale was disclosed in a document filed with the SEC, which is available through the SEC website. In related news, insider Edward Screven sold 37,221 shares of the business’s stock in a transaction dated Wednesday, June 26th. The stock was sold at an average price of $140.19, for a total transaction of $5,218,011.99. Following the completion of the transaction, the insider now directly owns 2,626,764 shares in the company, valued at $368,246,045.16. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, Director Jeffrey Berg sold 22,500 shares of the business’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total value of $3,220,200.00. Following the transaction, the director now owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The disclosure for this sale can be found here. Insiders sold 385,639 shares of company stock valued at $53,002,729 over the last ninety days. 42.80% of the stock is currently owned by insiders.

Oracle Stock Up 0.8 %

NYSE:ORCL traded up $1.10 on Thursday, hitting $144.38. The stock had a trading volume of 3,560,778 shares, compared to its average volume of 11,810,036. The business’s fifty day moving average is $126.95 and its 200 day moving average is $118.95. The company has a market cap of $397.89 billion, a PE ratio of 38.92, a P/E/G ratio of 2.60 and a beta of 1.02. The company has a quick ratio of 0.72, a current ratio of 0.71 and a debt-to-equity ratio of 8.25. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.32.

Oracle (NYSE:ORCL) last posted its 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). Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company had revenue of $14.29 billion during the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the prior year, the business earned $1.35 EPS. The firm’s revenue for the quarter was up 3.3% compared to the same quarter last year. On average, equities research analysts expect that Oracle Co. will post 5.01 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a yield of 1.11%. The ex-dividend date of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio is currently 43.13%.

Wall Street Analyst Weigh In

A number of equities analysts have issued reports on the company. StockNews.com cut Oracle from a “buy” rating to a “hold” rating in a report on Thursday, June 6th. JMP Securities restated a “market perform” rating on shares of Oracle in a report on Tuesday, June 11th. JPMorgan Chase & Co. raised their target price on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a report on Wednesday, June 12th. BMO Capital Markets raised their target price on Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a report on Monday, June 17th. Finally, The Goldman Sachs Group lifted their price objective on Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a report on Wednesday, March 13th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $145.83.

Oracle Company 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.