Pure Financial Advisors LLC takes position in Oracle Co. (NYSE:ORCL)
Pure Financial Advisors LLC has acquired a new stake in Oracle Co. (NYSE: ORCL – Get a rating) during the first trimester, HoldingsChannel.com reports. The fund bought 6,877 shares of the enterprise software provider, valued at around $569,000.
Other large investors have also recently increased or reduced their stake in the company. Level Financial Advisors Inc. bought a new position in Oracle during the fourth quarter worth $28,000. Evolution Advisers Inc. bought a new position in Oracle during the fourth quarter worth $33,000. Bivin & Associates Inc. bought a new position in Oracle during the fourth quarter worth $35,000. Outfitter Financial LLC bought a new position in Oracle during the fourth quarter worth $43,000. Finally, Western Pacific Wealth Management LP bought a new position in Oracle during the fourth quarter worth $43,000. 42.33% of the shares are currently held by institutional investors.
Shares of NYSE: ORCL opened at $66.53 on Thursday. The stock has a market capitalization of $177.51 billion, a P/E ratio of 27.72, a P/E/G ratio of 1.91 and a beta of 0.87. Oracle Co. has a 1-year low of $63.76 and a 1-year high of $106.34. The company has a 50-day moving average price of $72.19 and a two-hundred-day moving average price of $79.62.
Oracle (NYSE: ORCL – Get a rating) last reported quarterly earnings data on Monday, June 13. The enterprise software provider reported earnings per share of $1.54 for the quarter, beating the consensus estimate of $1.37 by $0.17. The company posted revenue of $11.84 billion in the quarter, compared to $11.65 billion expected by analysts. Oracle had a negative return on equity of 193.58% and a net margin of 15.83%. The company’s quarterly revenue increased 5.5% compared to the same quarter last year. During the same period a year earlier, the company posted EPS of $1.40. Sell-side analysts expect Oracle Co. to post EPS of 4.43 for the current fiscal year.
The company also recently announced a quarterly dividend, which will be paid on Tuesday, July 26. Shareholders of record on Tuesday, July 12 will receive a dividend of $0.32 per share. The ex-dividend date is Monday, July 11. This represents an annualized dividend of $1.28 and a yield of 1.92%. Oracle’s dividend payout ratio is currently 53.33%.
ORCL has been the subject of several analyst reports. BNP Paribas downgraded Oracle shares from a “neutral” rating to an “underperforming” rating and set a price target of $79.00 for the stock. in a report on Tuesday, March 29. Morgan Stanley raised its price target on Oracle shares from $87.00 to $88.00 and gave the company an “equal weight” rating in a Monday, June 6 report. StockNews.com launched a hedge on Oracle shares in a Thursday, March 31 report. They issued a “buy” rating on the stock. Exane BNP Paribas upgraded Oracle shares from an “underperforming” rating to a “neutral” rating in a Tuesday, March 29 report. Finally, Credit Suisse Group set a price target of $115.00 on Oracle shares in a report on Tuesday, June 14. Three research analysts gave the stock a sell rating, fifteen issued a hold rating and eight gave the company a buy rating. Based on data from MarketBeat, the company currently has an average rating of “Hold” and a consensus price target of $90.13.
In other news, CEO Safra Catz sold 1,000,000 shares of the company in a transaction dated Friday, June 17. The stock was sold at an average price of $68.08, for a total value of $68,080,000.00. Following the completion of the sale, the CEO now directly owns 1,118,592 shares of the company, valued at approximately $76,153,743.36. The sale was disclosed in a document filed with the SEC, accessible via this hyperlink. Also, director Renee Jo James sold 6,000 shares of the company in a transaction dated Monday, April 4. The shares were sold at an average price of $84.11, for a total value of $504,660.00. Following the completion of the sale, the director now directly owns 41,886 shares of the company, valued at $3,523,031.46. Disclosure of this sale can be found here. Insiders have sold a total of 2,006,000 shares of the company worth $135,454,660 over the past three months. Insiders of the company hold 43.40% of the shares of the company.
About Oracle (Get a rating)
Oracle Corporation provides products and services that address enterprise computing environments worldwide. Its Oracle cloud software as a service offering includes 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 Fusion cloud advertising and customer experience, and NetSuite suite of applications.
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