Range Financial Group LLC Buys 202 Shares of Oracle Co. (NYSE:ORCL)

Range Financial Group LLC boosted its stake in Oracle Co. (NYSE:ORCL) by 9.7% during the 2nd quarter, HoldingsChannel.com reports. The fund owned 2,283 shares of the enterprise software provider’s stock after purchasing an additional 202 shares during the quarter. Range Financial Group LLC’s holdings in Oracle were worth $322,000 at the end of the most recent quarter.

Several other large investors have also added to or reduced their stakes in the stock. Westend Capital Management LLC bought a new stake in shares of Oracle during the 1st quarter valued at $25,000. Tidemark LLC bought a new stake in shares of Oracle during the 4th quarter valued at $29,000. Nordwand Advisors LLC bought a new stake in shares of Oracle during the 4th quarter valued at $30,000. Frank Rimerman Advisors LLC bought a new stake in shares of Oracle during the 4th quarter valued at $30,000. Finally, POM Investment Strategies LLC bought a new stake in shares of Oracle during the 2nd quarter valued at $30,000. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business’s stock in a transaction that occurred on 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 transaction, 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 filing with the SEC, which is available at this hyperlink. In other Oracle news, Director Leon E. Panetta sold 15,000 shares of the company’s 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 approximately $8,010,030.10. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. 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 owned by company insiders.

Oracle Price Performance

NYSE ORCL opened at $142.61 on Friday. The company has a 50-day moving average price of $138.70 and a 200-day moving average price of $128.12. The firm has a market capitalization of $393.01 billion, a P/E ratio of 38.44, a PEG ratio of 2.55 and a beta of 1.01. 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 $146.59.

Oracle (NYSE:ORCL) last announced 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 company had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s revenue was up 3.3% compared to the same quarter last year. During the same quarter last year, the firm posted $1.35 earnings per share. Equities research analysts anticipate that Oracle Co. will post 5.02 earnings per share for the current year.

Oracle Dividend Announcement

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

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on ORCL. Morgan Stanley restated an “equal weight” rating and set a $125.00 target price on shares of Oracle in a report on Tuesday, June 25th. Piper Sandler reaffirmed an “overweight” rating and issued a $150.00 price target on shares of Oracle in a research report on Friday, July 12th. Citigroup lowered their price target on Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research report on Monday, June 10th. Stifel Nicolaus lifted their price target on Oracle from $120.00 to $135.00 and gave the stock a “hold” rating in a research report on Wednesday, June 12th. Finally, Deutsche Bank Aktiengesellschaft lifted their price target on Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the stock. According to MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

About Oracle

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.