Daymark Wealth Partners LLC Acquires 4,676 Shares of Oracle Co. (NYSE:ORCL)

Daymark Wealth Partners LLC grew its holdings in Oracle Co. (NYSE:ORCL - Free Report) by 5.1% in the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 95,499 shares of the enterprise software provider's stock after acquiring an additional 4,676 shares during the quarter. Daymark Wealth Partners LLC's holdings in Oracle were worth $13,484,000 as of its most recent filing with the Securities and Exchange Commission.

Several other hedge funds and other institutional investors have also modified their holdings of the stock. Vanguard Group Inc. grew its holdings in shares of Oracle by 1.0% during the 1st quarter. Vanguard Group Inc. now owns 151,213,890 shares of the enterprise software provider's stock worth $18,993,977,000 after purchasing an additional 1,514,569 shares in the last quarter. Capital World Investors boosted its stake in Oracle by 0.4% during the first quarter. Capital World Investors now owns 18,466,713 shares of the enterprise software provider's stock worth $2,319,604,000 after buying an additional 82,551 shares in the last quarter. Parnassus Investments LLC increased its holdings in Oracle by 17.7% in the 4th quarter. Parnassus Investments LLC now owns 14,599,902 shares of the enterprise software provider's stock valued at $1,539,268,000 after buying an additional 2,191,342 shares during the period. Janus Henderson Group PLC raised its stake in shares of Oracle by 148.8% in the 1st quarter. Janus Henderson Group PLC now owns 12,872,300 shares of the enterprise software provider's stock valued at $1,616,855,000 after buying an additional 7,699,141 shares in the last quarter. Finally, Putnam Investments LLC lifted its holdings in shares of Oracle by 6.0% during the 4th quarter. Putnam Investments LLC now owns 12,339,385 shares of the enterprise software provider's stock worth $1,300,941,000 after acquiring an additional 697,961 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

Several research analysts recently issued reports on ORCL shares. StockNews.com raised shares of Oracle from a "hold" rating to a "buy" rating in a research report on Tuesday, September 10th. JPMorgan Chase & Co. upped their price objective on Oracle from $110.00 to $120.00 and gave the company a "neutral" rating in a report on Monday, September 9th. Oppenheimer restated a "market perform" rating on shares of Oracle in a report on Tuesday, September 10th. Bank of America upped their price target on Oracle from $155.00 to $175.00 and gave the company a "neutral" rating in a research note on Tuesday, September 10th. Finally, Citigroup lifted their price objective on shares of Oracle from $140.00 to $157.00 and gave the stock a "neutral" rating in a research note on Wednesday, September 11th. Ten research analysts have rated the stock with a hold rating and twenty have issued a buy rating to the company. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $166.13.

Oracle Stock Up 1.1 %

Shares of NYSE ORCL traded up $1.83 during mid-day trading on Thursday, hitting $168.11. The company had a trading volume of 7,089,049 shares, compared to its average volume of 8,606,859. The company has a current ratio of 0.72, a quick ratio of 0.72 and a debt-to-equity ratio of 6.68. The firm has a 50-day simple moving average of $143.76 and a two-hundred day simple moving average of $133.07. The company has a market capitalization of $465.83 billion, a PE ratio of 45.32, a price-to-earnings-growth ratio of 3.05 and a beta of 1.01. Oracle Co. has a one year low of $99.26 and a one year high of $173.99.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The firm had revenue of $13.31 billion for the quarter, compared to analyst estimates of $13.23 billion. Oracle had a return on equity of 171.38% and a net margin of 20.40%. The business's quarterly revenue was up 6.9% on a year-over-year basis. During the same quarter in the previous year, the firm earned $0.95 EPS. On average, equities analysts expect that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Stockholders 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 0.95%. The ex-dividend date of this dividend is Thursday, October 10th. Oracle's dividend payout ratio (DPR) is presently 43.13%.

Insider Transactions at Oracle

In other news, insider Edward Screven sold 426,861 shares of the firm's stock in a transaction that occurred on Wednesday, July 10th. The stock was 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 directly owns 2,626,764 shares of the company's stock, valued at $372,764,079.24. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. In other Oracle news, insider Edward Screven sold 426,861 shares of the company'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 transaction, the insider now directly owns 2,626,764 shares in the company, valued at $372,764,079.24. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, EVP Maria Smith sold 6,320 shares of Oracle stock in a transaction dated Monday, September 16th. The stock was sold at an average price of $165.00, for a total transaction of $1,042,800.00. Following the sale, the executive vice president now directly owns 42,889 shares of the company's stock, valued at approximately $7,076,685. The disclosure for this sale can be found here. Insiders have sold 1,573,181 shares of company stock worth $225,338,245 in the last ninety days. Insiders own 42.80% of the company's stock.

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.