Reliant Investment Management LLC Acquires 1,250 Shares of Oracle Co. (NYSE:ORCL)

Reliant Investment Management LLC raised its holdings in Oracle Co. (NYSE:ORCL) by 3.6% during the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The firm owned 35,571 shares of the enterprise software provider’s stock after buying an additional 1,250 shares during the period. Reliant Investment Management LLC’s holdings in Oracle were worth $4,468,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Invst LLC raised its position in shares of Oracle by 2.7% during the 4th quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after purchasing an additional 86 shares during the period. Nemes Rush Group LLC grew its stake in shares of Oracle by 1.2% in the 4th quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock worth $773,000 after buying an additional 86 shares in the last quarter. Avidian Wealth Solutions LLC grew its stake in shares of Oracle by 1.1% in the 4th quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock worth $898,000 after buying an additional 90 shares in the last quarter. Sovereign Financial Group Inc. grew its stake in shares of Oracle by 2.9% in the 4th quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock worth $342,000 after buying an additional 90 shares in the last quarter. Finally, Godshalk Welsh Capital Management Inc. grew its stake in shares of Oracle by 0.3% in the 4th quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock worth $3,525,000 after buying an additional 90 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Oracle Trading Up 0.7 %

Oracle stock traded up $1.02 during midday trading on Friday, hitting $141.20. 25,814,821 shares of the stock were exchanged, compared to its average volume of 11,264,646. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $145.32. The stock has a market capitalization of $389.13 billion, a price-to-earnings ratio of 38.06, a PEG ratio of 2.54 and a beta of 1.01. The stock’s 50-day simple moving average is $125.24 and its 200 day simple moving average is $117.96. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25.

Oracle (NYSE:ORCL) last announced its quarterly 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 for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the prior year, the business earned $1.35 earnings per share. Oracle’s revenue was up 3.3% on a year-over-year basis. On average, equities analysts anticipate that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be 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 of this dividend is Thursday, July 11th. Oracle’s dividend payout ratio (DPR) is currently 43.13%.

Wall Street Analyst Weigh In

A number of research firms recently commented on ORCL. UBS Group lifted their price target on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Mizuho lifted their price target on shares of Oracle from $160.00 to $170.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Morgan Stanley reaffirmed an “equal weight” rating and set a $125.00 price target on shares of Oracle in a research note on Tuesday. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Oracle from $150.00 to $165.00 and gave the company a “buy” rating in a research report on Monday, June 17th. Finally, Argus boosted their price objective on shares of Oracle from $145.00 to $159.00 and gave the company a “buy” rating in a research report on Tuesday, June 18th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $145.83.

Insider Activity at Oracle

In related news, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total value of $2,320,000.00. Following the completion of the transaction, the director now owns 17,836 shares in the company, valued at $2,068,976. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. In other news, Director George H. Conrades sold 20,000 shares of the business’s stock in a transaction that occurred on Friday, May 3rd. The shares were sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the completion of the sale, the director now owns 17,836 shares in the company, valued at approximately $2,068,976. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, insider Edward Screven sold 235,918 shares of the business’s stock in a transaction that occurred on Thursday, June 20th. The stock was sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Over the last quarter, insiders sold 385,639 shares of company stock worth $53,002,729. Corporate insiders own 42.80% of the company’s stock.

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.