Redwood Wealth Management Group LLC Acquires Shares of 610 Oracle Co. (NYSE:ORCL)

Redwood Wealth Management Group LLC bought a new position in Oracle Co. (NYSE:ORCL) in the 2nd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm bought 610 shares of the enterprise software provider’s stock, valued at approximately $86,000.

Several other hedge funds and other institutional investors also recently modified their holdings of the business. Brio Consultants LLC grew its position in shares of Oracle by 4.1% in the fourth quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock valued at $310,000 after purchasing an additional 117 shares in the last quarter. Precision Wealth Strategies LLC grew its holdings in Oracle by 4.1% during the 4th quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock valued at $417,000 after buying an additional 155 shares in the last quarter. Gilbert & Cook Inc. bought a new stake in shares of Oracle during the fourth quarter valued at about $359,000. Aveo Capital Partners LLC purchased a new stake in shares of Oracle in the fourth quarter worth about $290,000. Finally, 9258 Wealth Management LLC boosted its position in shares of Oracle by 0.6% in the fourth quarter. 9258 Wealth Management LLC now owns 90,285 shares of the enterprise software provider’s stock valued at $9,519,000 after acquiring an additional 560 shares during the period. Institutional investors own 42.44% of the company’s stock.

Insider Activity

In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction dated 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 sale, the chairman now directly owns 1,145,732,353 shares of the company’s stock, valued at $164,630,281,802.57. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total value of $161,651,250.00. Following the sale, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction on Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the completion of the transaction, the director now owns 210,712 shares of the company’s stock, valued at $30,157,101.44. The disclosure for this sale can be found here. Over the last ninety days, insiders sold 1,862,500 shares of company stock valued at $266,776,624. Insiders own 42.80% of the company’s stock.

Oracle Trading Up 0.4 %

Shares of ORCL stock opened at $162.03 on Monday. The business has a 50-day moving average of $139.85 and a 200 day moving average of $130.16. The company has a debt-to-equity ratio of 6.68, a current ratio of 0.72 and a quick ratio of 0.72. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $173.93. The stock has a market capitalization of $446.53 billion, a PE ratio of 43.67, a P/E/G ratio of 2.89 and a beta of 1.01.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, beating analysts’ consensus estimates of $1.33 by $0.06. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The firm had revenue of $13.31 billion during the quarter, compared to analyst estimates of $13.23 billion. During the same quarter in the prior year, the firm posted $0.95 earnings per share. The business’s quarterly revenue was up 6.9% compared to the same quarter last year. As a group, sell-side analysts anticipate that Oracle Co. will post 5.03 earnings per share for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be given a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 0.99%. The ex-dividend date is Thursday, October 10th. Oracle’s payout ratio is 43.13%.

Analyst Ratings Changes

A number of research firms recently weighed in on ORCL. Barclays upped their target price on shares of Oracle from $160.00 to $172.00 and gave the stock an “overweight” rating in a report on Tuesday, September 10th. Citigroup increased their price objective on Oracle from $140.00 to $157.00 and gave the stock a “neutral” rating in a research report on Wednesday, September 11th. DA Davidson boosted their target price on Oracle from $105.00 to $140.00 and gave the stock a “neutral” rating in a research report on Tuesday, September 10th. BMO Capital Markets raised their price target on Oracle from $160.00 to $173.00 and gave the company a “market perform” rating in a report on Tuesday, September 10th. Finally, Mizuho boosted their price objective on Oracle from $170.00 to $185.00 and gave the stock an “outperform” rating in a report on Tuesday, September 10th. Eleven investment analysts have rated the stock with a hold rating and eighteen have given a buy rating to the company’s stock. According to data from MarketBeat, the stock presently has a consensus rating of “Moderate Buy” and an average target price of $161.13.

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.