Oracle Co. (NYSE:ORCL) Shares Bought by Blair William & Co. IL

Blair William & Co. IL increased its position in shares of Oracle Co. (NYSE:ORCL - Free Report) by 104.6% in the 2nd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 528,640 shares of the enterprise software provider's stock after acquiring an additional 270,229 shares during the quarter. Blair William & Co. IL's holdings in Oracle were worth $74,644,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors also recently bought and sold shares of the company. Fairway Wealth LLC purchased a new stake in shares of Oracle during the second quarter worth about $27,000. Westend Capital Management LLC acquired a new stake in shares of Oracle during the 1st quarter valued at about $25,000. POM Investment Strategies LLC acquired a new position in shares of Oracle during the 2nd quarter worth approximately $30,000. Bbjs Financial Advisors LLC purchased a new position in Oracle during the second quarter valued at $35,000. Finally, Tidemark LLC acquired a new position in shares of Oracle during the fourth quarter valued at approximately $29,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Trading Down 1.8 %

ORCL traded down $2.98 during mid-day trading on Wednesday, hitting $164.49. 12,255,464 shares of the stock were exchanged, compared to its average volume of 8,612,727. The firm's fifty day moving average is $140.89 and its two-hundred day moving average is $130.95. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $173.99. The company has a market cap of $455.80 billion, a PE ratio of 44.42, a PEG ratio of 2.95 and a beta of 1.01. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to analysts' expectations of $13.23 billion. Oracle had a net margin of 20.40% and a return on equity of 171.38%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the prior year, the company earned $0.95 earnings per share. Equities analysts forecast that Oracle Co. will post 5.06 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date of this dividend is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.97%. Oracle's dividend payout ratio (DPR) is 43.13%.

Insider Transactions at Oracle

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle 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 completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the business's stock in a transaction on Monday, July 15th. The shares were sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which is accessible through the SEC website. Also, insider Edward Screven sold 426,861 shares of the firm's stock in a transaction on Wednesday, July 10th. The shares were sold at an average price of $141.91, for a total value of $60,575,844.51. Following the completion of the sale, the insider now owns 2,626,764 shares in the company, valued at $372,764,079.24. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,868,820 shares of company stock valued at $267,819,424. 42.80% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

Several analysts recently commented on the company. Argus boosted their price target on Oracle from $145.00 to $159.00 and gave the stock a "buy" rating in a research report on Tuesday, June 18th. StockNews.com raised shares of Oracle from a "hold" rating to a "buy" rating in a research note on Tuesday, September 10th. DA Davidson upped their price target on Oracle from $105.00 to $140.00 and gave the company a "neutral" rating in a research report on Tuesday, September 10th. Mizuho boosted their price objective on Oracle from $170.00 to $185.00 and gave the stock an "outperform" rating in a research note on Tuesday, September 10th. Finally, Melius Research raised Oracle from a "hold" rating to a "buy" rating in a research note on Monday. Eleven analysts have rated the stock with a hold rating and twenty have given a buy rating to the stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $163.88.

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.