Embree Financial Group Boosts Stock Holdings in Oracle Co. (NYSE:ORCL)

Embree Financial Group raised its holdings in shares of Oracle Co. (NYSE:ORCL) by 11.6% during the first quarter, according to its most recent filing with the SEC. The firm owned 2,762 shares of the enterprise software provider’s stock after purchasing an additional 287 shares during the period. Embree Financial Group’s holdings in Oracle were worth $347,000 at the end of the most recent reporting period.

A number of other institutional investors have also added to or reduced their stakes in ORCL. Harbour Investments Inc. boosted its holdings in shares of Oracle by 28.9% in the 3rd quarter. Harbour Investments Inc. now owns 13,725 shares of the enterprise software provider’s stock valued at $1,454,000 after buying an additional 3,078 shares in the last quarter. Orion Capital Management LLC acquired a new stake in Oracle in the 3rd quarter worth approximately $25,000. Creative Planning boosted its stake in Oracle by 10.0% in the 3rd quarter. Creative Planning now owns 615,038 shares of the enterprise software provider’s stock worth $65,145,000 after purchasing an additional 55,766 shares in the last quarter. SkyView Investment Advisors LLC boosted its stake in Oracle by 5.1% in the 3rd quarter. SkyView Investment Advisors LLC now owns 3,292 shares of the enterprise software provider’s stock worth $349,000 after purchasing an additional 161 shares in the last quarter. Finally, Spartan Planning & Wealth Management acquired a new stake in Oracle in the 3rd quarter worth approximately $27,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Oracle Price Performance

NYSE ORCL traded up $1.35 on Wednesday, hitting $142.04. The company had a trading volume of 6,347,706 shares, compared to its average volume of 8,644,544. The company has a market capitalization of $391.43 billion, a PE ratio of 38.28, a PEG ratio of 2.63 and a beta of 1.02. The company’s fifty day moving average price is $129.75 and its 200-day moving average price is $120.27. 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 Co. has a 12-month low of $99.26 and a 12-month high of $145.79.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing the consensus estimate of $1.65 by ($0.02). The company had revenue of $14.29 billion during the quarter, compared to analysts’ expectations 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 previous year, the firm posted $1.35 EPS. As a group, analysts predict that Oracle Co. will post 5.01 earnings per share for the current year.

Oracle Announces Dividend

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

Analysts Set New Price Targets

ORCL has been the subject of a number of recent analyst reports. Oppenheimer initiated coverage on shares of Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating for the company. Morgan Stanley reiterated an “equal weight” rating and issued a $125.00 target price on shares of Oracle in a research note on Tuesday, June 25th. JPMorgan Chase & Co. lifted their price objective on shares of Oracle from $105.00 to $110.00 and gave the company a “neutral” rating in a research note on Wednesday, June 12th. The Goldman Sachs Group lifted their price objective on shares of Oracle from $115.00 to $130.00 and gave the company a “neutral” rating in a research note on Wednesday, March 13th. Finally, DA Davidson restated a “neutral” rating and set a $105.00 price objective on shares of Oracle in a research note on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have issued a buy rating to the company’s stock. Based on data from MarketBeat.com, the company has an average rating of “Moderate Buy” and an average price target of $145.83.

Insiders Place Their Bets

In other Oracle news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. In other Oracle news, Director George H. Conrades sold 25,000 shares of Oracle stock in a transaction on Wednesday, May 1st. The shares were sold at an average price of $116.13, for a total transaction of $2,903,250.00. Following the sale, the director now owns 17,836 shares of the company’s stock, valued at approximately $2,071,294.68. The sale was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director George H. Conrades sold 20,000 shares of Oracle stock in a transaction on Friday, May 3rd. The stock was sold at an average price of $116.00, for a total transaction of $2,320,000.00. Following the sale, the director now directly owns 17,836 shares in the company, valued at approximately $2,068,976. The disclosure for this sale can be found here. Insiders have sold a total of 385,639 shares of company stock valued at $53,002,729 in the last 90 days. 42.80% of the stock is owned by insiders.

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.