MainStreet Investment Advisors LLC Buys 9,408 Shares of Oracle Co. (NYSE:ORCL)

MainStreet Investment Advisors LLC increased its position in Oracle Co. (NYSE:ORCL) by 493.1% in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 11,316 shares of the enterprise software provider’s stock after acquiring an additional 9,408 shares during the quarter. MainStreet Investment Advisors LLC’s holdings in Oracle were worth $1,598,000 at the end of the most recent quarter.

Several other hedge funds also recently bought and sold shares of ORCL. Contour Asset Management LLC boosted its position in shares of Oracle by 41.5% during the 4th quarter. Contour Asset Management LLC now owns 2,192,950 shares of the enterprise software provider’s stock valued at $231,203,000 after acquiring an additional 643,490 shares during the last quarter. Hancock Whitney Corp lifted its position in Oracle by 12.7% during the fourth quarter. Hancock Whitney Corp now owns 29,301 shares of the enterprise software provider’s stock valued at $3,089,000 after purchasing an additional 3,291 shares during the last quarter. Heritage Wealth Advisors grew its stake in Oracle by 0.6% in the 4th quarter. Heritage Wealth Advisors now owns 16,995 shares of the enterprise software provider’s stock worth $1,792,000 after buying an additional 109 shares in the last quarter. Seven Mile Advisory increased its holdings in shares of Oracle by 10.6% in the 4th quarter. Seven Mile Advisory now owns 5,236 shares of the enterprise software provider’s stock worth $552,000 after buying an additional 502 shares during the last quarter. Finally, Goelzer Investment Management Inc. raised its position in shares of Oracle by 25.0% during the 1st quarter. Goelzer Investment Management Inc. now owns 7,492 shares of the enterprise software provider’s stock valued at $941,000 after buying an additional 1,500 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Stock Down 0.6 %

ORCL stock opened at $141.81 on Friday. Oracle Co. has a fifty-two week low of $99.26 and a fifty-two week high of $146.59. The company has a market capitalization of $390.81 billion, a price-to-earnings ratio of 38.22, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01. The business’s 50 day moving average price is $138.72 and its two-hundred day moving average price is $128.47. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share for the quarter, missing the consensus estimate 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 earned $1.35 earnings per share. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. As a group, analysts forecast that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm 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. This represents a $1.60 annualized dividend and a yield of 1.13%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s payout ratio is currently 43.13%.

Insiders Place Their Bets

In other news, Director Leon E. Panetta sold 15,000 shares of the business’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 sale, the director now directly owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. In other news, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction dated 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 owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. Also, insider Edward Screven sold 235,918 shares of the stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the sale, the insider now directly owns 2,626,764 shares in the company, valued at $379,042,045.20. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 1,862,500 shares of company stock worth $266,776,624. 42.80% of the stock is currently owned by company insiders.

Wall Street Analysts Forecast Growth

Several brokerages recently issued reports on ORCL. Sanford C. Bernstein upped their target price on shares of Oracle from $159.00 to $171.00 and gave the stock an “outperform” rating in a research report on Wednesday, June 12th. Morgan Stanley reaffirmed an “equal weight” rating and issued a $125.00 target price on shares of Oracle in a research note on Tuesday, June 25th. Bank of America lifted their price target on shares of Oracle from $144.00 to $155.00 and gave the stock a “neutral” rating in a research note on Wednesday, June 12th. Citigroup cut their price objective on shares of Oracle from $133.00 to $128.00 and set a “neutral” rating for the company in a research note on Monday, June 10th. Finally, JMP Securities reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Fourteen research analysts have rated the stock with a hold rating and sixteen have issued a buy rating to the company. Based on data from MarketBeat.com, the stock currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.87.

Oracle 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.