Bordeaux Wealth Advisors LLC Acquires 96 Shares of Oracle Co. (NYSE:ORCL)

Bordeaux Wealth Advisors LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 1.6% during the second quarter, HoldingsChannel reports. The firm owned 6,144 shares of the enterprise software provider’s stock after purchasing an additional 96 shares during the quarter. Bordeaux Wealth Advisors LLC’s holdings in Oracle were worth $868,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds and other institutional investors also recently made changes to their positions in the company. Westend Capital Management LLC purchased a new position in Oracle in the first quarter valued at about $25,000. Tidemark LLC purchased a new stake in shares of Oracle during the 4th quarter worth approximately $29,000. Nordwand Advisors LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $30,000. Frank Rimerman Advisors LLC purchased a new position in Oracle in the fourth quarter valued at approximately $30,000. Finally, POM Investment Strategies LLC bought a new position in Oracle during the second quarter valued at $30,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Up 1.3 %

Shares of NYSE:ORCL opened at $142.61 on Friday. The firm has a fifty day moving average of $138.70 and a 200 day moving average of $128.12. Oracle Co. has a 52-week low of $99.26 and a 52-week high of $146.59. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. The firm has a market capitalization of $393.01 billion, a PE ratio of 38.44, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last posted its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) 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 analysts’ expectations of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. Oracle’s revenue for the quarter was up 3.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.35 earnings per share. As a group, research analysts anticipate that Oracle Co. will post 5.02 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a dividend yield of 1.12%. The ex-dividend date was Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is presently 43.13%.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the transaction, the director now owns 58,090 shares in the company, valued at approximately $8,010,030.10. The sale was disclosed in a filing with the SEC, which is available through the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the stock in a transaction dated Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the sale, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. In the last ninety days, insiders sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several analysts have issued reports on the company. DA Davidson restated a “neutral” rating and issued a $105.00 target price on shares of Oracle in a research note on Wednesday, June 12th. Guggenheim reiterated a “buy” rating and set a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. Morgan Stanley reissued an “equal weight” rating and issued a $125.00 price target on shares of Oracle in a research report on Tuesday, June 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $150.00 price objective on shares of Oracle in a report on Friday, July 12th. Finally, Evercore ISI lifted their price objective on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research note on Wednesday, June 12th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of “Moderate Buy” and a consensus 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.