Opes Wealth Management LLC Has $287,000 Stock Holdings in Oracle Co. (NYSE:ORCL)

Opes Wealth Management LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 9.0% during the second quarter, Holdings Channel reports. The institutional investor owned 2,034 shares of the enterprise software provider’s stock after buying an additional 168 shares during the quarter. Opes Wealth Management LLC’s holdings in Oracle were worth $287,000 as of its most recent SEC filing.

A number of other large investors have also recently made changes to their positions in ORCL. International Assets Investment Management LLC lifted its stake in shares of Oracle by 153.3% in the fourth quarter. International Assets Investment Management LLC now owns 11,947 shares of the enterprise software provider’s stock valued at $1,260,000 after buying an additional 7,230 shares in the last quarter. Brio Consultants LLC boosted its holdings in Oracle by 4.1% during the 4th quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after acquiring an additional 117 shares during the last quarter. Precision Wealth Strategies LLC grew its stake in shares of Oracle by 4.1% in the 4th quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock worth $417,000 after acquiring an additional 155 shares in the last quarter. Gilbert & Cook Inc. bought a new stake in shares of Oracle in the 4th quarter worth $359,000. Finally, Aveo Capital Partners LLC bought a new stake in shares of Oracle in the 4th quarter worth $290,000. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In related news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now directly 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 is available at the SEC website. In related news, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction that occurred on Thursday, June 20th. The shares were sold at an average price of $144.30, for a total value of $34,042,967.40. Following the sale, the insider now directly 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 is available at the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the completion of the sale, 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. Over the last ninety days, insiders have sold 1,862,500 shares of company stock valued at $266,776,624. 42.80% of the stock is currently owned by corporate insiders.

Oracle Trading Down 0.6 %

Shares of Oracle stock opened at $141.78 on Friday. Oracle Co. has a 12-month low of $99.26 and a 12-month high of $146.59. The company has a market cap of $390.73 billion, a price-to-earnings ratio of 38.22, a PEG ratio of 2.55 and a beta of 1.01. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. The company’s 50-day moving average price is $138.72 and its 200-day moving average price is $128.33.

Oracle (NYSE:ORCL) last announced its quarterly earnings results 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). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The firm had revenue of $14.29 billion during the quarter, compared to analysts’ expectations of $14.57 billion. During the same period in the previous year, the company posted $1.35 earnings per share. The company’s quarterly revenue was up 3.3% compared to the same quarter last year. On average, equities analysts expect that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were issued a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date was Thursday, July 11th. Oracle’s payout ratio is 43.13%.

Analyst Ratings Changes

ORCL has been the subject of several recent analyst reports. StockNews.com lowered shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. DA Davidson reiterated a “neutral” rating and issued a $105.00 target price on shares of Oracle in a research note on Wednesday, June 12th. Evercore ISI upped their target price on shares of Oracle from $145.00 to $160.00 and gave the stock an “outperform” rating in a research note on Wednesday, June 12th. BMO Capital Markets upped their target price on shares of Oracle from $142.00 to $160.00 and gave the stock a “market perform” rating in a research note on Monday, June 17th. Finally, KeyCorp increased their price target on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. According to data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus price target 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.