C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors Acquires 1,644 Shares of Oracle Co. (NYSE:ORCL)

C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors raised its holdings in Oracle Co. (NYSE:ORCL) by 47.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,083 shares of the enterprise software provider’s stock after buying an additional 1,644 shares during the quarter. C2P Capital Advisory Group LLC d.b.a. Prosperity Capital Advisors’ holdings in Oracle were worth $639,000 as of its most recent SEC filing.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Norges Bank bought a new stake in Oracle during the 4th quarter worth about $1,210,181,000. Wellington Management Group LLP grew its holdings in Oracle by 9,299.3% during the 3rd quarter. Wellington Management Group LLP now owns 8,170,999 shares of the enterprise software provider’s stock worth $865,472,000 after acquiring an additional 8,084,067 shares during the last quarter. Vanguard Group Inc. grew its holdings in Oracle by 5.7% during the 3rd quarter. Vanguard Group Inc. now owns 147,273,413 shares of the enterprise software provider’s stock worth $15,599,200,000 after acquiring an additional 7,883,515 shares during the last quarter. Boston Partners grew its holdings in Oracle by 382.4% during the 4th quarter. Boston Partners now owns 4,563,366 shares of the enterprise software provider’s stock worth $481,820,000 after acquiring an additional 3,617,413 shares during the last quarter. Finally, Capital World Investors grew its holdings in Oracle by 22.1% during the 4th quarter. Capital World Investors now owns 18,384,162 shares of the enterprise software provider’s stock worth $1,938,242,000 after acquiring an additional 3,323,334 shares during the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

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

Wall Street Analyst Weigh In

A number of equities research analysts have commented on ORCL shares. UBS Group increased their price objective on shares of Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a report on Wednesday, June 12th. TD Cowen upped their target price on shares of Oracle from $145.00 to $165.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. upped their target price on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. KeyCorp upped their target price on shares of Oracle from $150.00 to $165.00 and gave the company an “overweight” rating in a research report on Wednesday, June 12th. Finally, StockNews.com downgraded shares of Oracle from a “buy” rating to a “hold” rating in a research report on Thursday, June 6th. Fourteen equities research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average price target of $145.83.

Oracle Stock Up 1.1 %

Shares of ORCL traded up $1.49 during mid-day trading on Wednesday, hitting $142.17. 4,677,371 shares of the company’s stock were exchanged, compared to its average volume of 8,631,809. The company has a market cap of $391.80 billion, a PE ratio of 38.17, a P/E/G ratio of 2.63 and a beta of 1.02. Oracle Co. has a 52 week low of $99.26 and a 52 week high of $145.79. The company has a 50-day simple moving average of $129.20 and a 200 day simple moving average of $120.12. The company has a debt-to-equity ratio of 8.25, a current ratio of 0.71 and a quick ratio of 0.72.

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). The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. Oracle’s revenue was up 3.3% compared to the same quarter last year. During the same period in the prior year, the business earned $1.35 earnings per share. On average, research analysts forecast that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 25th. Investors of record on Thursday, July 11th will be paid a $0.40 dividend. The ex-dividend date is Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.13%. Oracle’s dividend payout ratio is presently 43.13%.

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.