Juncture Wealth Strategies LLC Takes $249,000 Position in Oracle Co. (NYSE:ORCL)

Juncture Wealth Strategies LLC bought a new stake in shares of Oracle Co. (NYSE:ORCL) during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The firm bought 2,094 shares of the enterprise software provider’s stock, valued at approximately $249,000.

A number of other hedge funds and other institutional investors have also recently made changes to their positions in ORCL. Fairfield Bush & CO. increased its position in shares of Oracle by 3.1% during the 1st quarter. Fairfield Bush & CO. now owns 73,791 shares of the enterprise software provider’s stock worth $6,105,000 after purchasing an additional 2,221 shares during the last quarter. AMI Investment Management Inc. grew its position in Oracle by 2.9% in the 1st quarter. AMI Investment Management Inc. now owns 20,467 shares of the enterprise software provider’s stock valued at $1,693,000 after acquiring an additional 579 shares in the last quarter. Baird Financial Group Inc. grew its position in Oracle by 29.2% in the 1st quarter. Baird Financial Group Inc. now owns 588,460 shares of the enterprise software provider’s stock valued at $48,686,000 after acquiring an additional 132,920 shares in the last quarter. Zions Bancorporation N.A. grew its position in Oracle by 79.6% in the 1st quarter. Zions Bancorporation N.A. now owns 6,854 shares of the enterprise software provider’s stock valued at $567,000 after acquiring an additional 3,038 shares in the last quarter. Finally, Covestor Ltd grew its position in Oracle by 125.2% in the 1st quarter. Covestor Ltd now owns 1,995 shares of the enterprise software provider’s stock valued at $165,000 after acquiring an additional 1,109 shares in the last quarter. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on the company. Wolfe Research lifted their target price on Oracle from $130.00 to $140.00 in a research report on Tuesday, June 13th. Guggenheim boosted their price objective on Oracle from $120.00 to $150.00 in a research report on Tuesday, June 13th. The Goldman Sachs Group raised Oracle from a “sell” rating to a “neutral” rating and boosted their price objective for the stock from $75.00 to $120.00 in a research report on Tuesday, June 13th. Stifel Nicolaus boosted their price objective on Oracle from $84.00 to $120.00 in a research report on Tuesday, June 13th. Finally, Jefferies Financial Group boosted their price objective on Oracle from $135.00 to $145.00 and gave the stock a “buy” rating in a research report on Thursday, September 7th. Twelve research analysts have rated the stock with a hold rating and thirteen have given a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and a consensus target price of $123.06.

Oracle Trading Down 1.5 %

Shares of ORCL stock opened at $112.22 on Tuesday. The business’s fifty day moving average price is $117.28 and its 200 day moving average price is $106.40. Oracle Co. has a 1-year low of $60.78 and a 1-year high of $127.54. The firm has a market capitalization of $307.46 billion, a PE ratio of 33.40, a P/E/G ratio of 2.98 and a beta of 1.00. The company has a debt-to-equity ratio of 29.72, a current ratio of 0.87 and a quick ratio of 0.87.

Oracle (NYSE:ORCL) last announced its quarterly earnings data on Monday, September 11th. The enterprise software provider reported $1.19 earnings per share for the quarter, topping analysts’ consensus estimates of $1.15 by $0.04. The firm had revenue of $12.45 billion for the quarter, compared to analyst estimates of $12.48 billion. Oracle had a negative return on equity of 470.73% and a net margin of 18.40%. Oracle’s quarterly revenue was up 8.8% on a year-over-year basis. During the same quarter in the prior year, the company posted $0.81 earnings per share. As a group, sell-side analysts forecast that Oracle Co. will post 4.49 EPS for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, October 26th. Shareholders of record on Thursday, October 12th will be issued a $0.40 dividend. This represents a $1.60 annualized dividend and a yield of 1.43%. The ex-dividend date of this dividend is Wednesday, October 11th. Oracle’s dividend payout ratio (DPR) is 47.62%.

Insider Buying and Selling at Oracle

In other Oracle news, EVP Maria Smith sold 3,680 shares of the company’s stock in a transaction on Friday, July 7th. The stock was sold at an average price of $115.00, for a total value of $423,200.00. Following the sale, the executive vice president now owns 16,600 shares of the company’s stock, valued at $1,909,000. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. In related news, Chairman Lawrence Joseph Ellison sold 1,750,000 shares of the stock in a transaction dated Thursday, June 22nd. The stock was sold at an average price of $120.95, for a total transaction of $211,662,500.00. Following the transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at $138,576,328,095.35. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, EVP Maria Smith sold 3,680 shares of the firm’s stock in a transaction dated Friday, July 7th. The stock was sold at an average price of $115.00, for a total value of $423,200.00. Following the completion of the transaction, the executive vice president now owns 16,600 shares in the company, valued at $1,909,000. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 1,845,000 shares of company stock valued at $222,934,550. Insiders own 43.70% of the company’s stock.

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.