Mosley Wealth Management Has $858,000 Position in Oracle Co. (NYSE:ORCL)

Mosley Wealth Management boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 32.6% in the second quarter, Holdings Channel reports. The firm owned 6,076 shares of the enterprise software provider’s stock after acquiring an additional 1,493 shares during the period. Oracle comprises about 0.7% of Mosley Wealth Management’s holdings, making the stock its 26th biggest position. Mosley Wealth Management’s holdings in Oracle were worth $858,000 as of its most recent filing with the Securities & Exchange Commission.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Westend Capital Management LLC bought a new position in shares of Oracle in the first quarter worth about $25,000. POM Investment Strategies LLC acquired a new stake in Oracle in the 2nd quarter valued at approximately $30,000. Bbjs Financial Advisors LLC bought a new position in Oracle in the 2nd quarter worth approximately $35,000. Tidemark LLC acquired a new position in shares of Oracle during the fourth quarter worth approximately $29,000. Finally, Frank Rimerman Advisors LLC bought a new stake in shares of Oracle in the fourth quarter valued at approximately $30,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Insider Transactions at Oracle

In related news, Director Leon E. Panetta sold 15,000 shares of the firm’s stock in a transaction that occurred on Thursday, July 18th. The shares were sold at an average price of $137.89, for a total value of $2,068,350.00. Following the completion of the sale, the director now owns 58,090 shares of the company’s stock, valued at $8,010,030.10. The sale was disclosed in a document filed with the SEC, which is accessible through the SEC website. In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the company’s stock in a transaction dated 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 transaction, the chairman now directly owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The transaction was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 15,000 shares of Oracle stock in a transaction that occurred on Thursday, July 18th. The stock was sold at an average price of $137.89, for a total transaction of $2,068,350.00. Following the sale, the director now owns 58,090 shares of the company’s stock, valued at approximately $8,010,030.10. The disclosure for this sale can be found here. Over the last three months, insiders have sold 1,862,500 shares of company stock worth $266,776,624. Corporate insiders own 42.80% of the company’s stock.

Wall Street Analyst Weigh In

Several research firms recently commented on ORCL. BMO Capital Markets upped their target price on shares of Oracle from $142.00 to $160.00 and gave the company a “market perform” rating in a research note on Monday, June 17th. Evercore ISI upped their price objective on shares of Oracle from $145.00 to $160.00 and gave the company an “outperform” rating in a research report on Wednesday, June 12th. StockNews.com cut shares of Oracle from a “buy” rating to a “hold” rating in a research note on Thursday, June 6th. Piper Sandler restated an “overweight” rating and set a $150.00 price target on shares of Oracle in a research note on Friday, July 12th. Finally, JPMorgan Chase & Co. raised their price objective on Oracle from $105.00 to $110.00 and gave the stock a “neutral” rating in a research report on Wednesday, June 12th. Fourteen research analysts have rated the stock with a hold rating and seventeen have assigned a buy rating to the company. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus target price of $145.83.

Oracle Price Performance

NYSE ORCL traded down $0.80 during trading hours on Friday, reaching $141.81. 11,154,796 shares of the company’s stock were exchanged, compared to its average volume of 8,056,655. The firm has a fifty day moving average of $138.72 and a 200-day moving average of $128.33. The company has a current ratio of 0.71, a quick ratio of 0.72 and a debt-to-equity ratio of 8.25. Oracle Co. has a one year low of $99.26 and a one year high of $146.59. The stock has a market cap of $390.81 billion, a PE ratio of 38.22, a price-to-earnings-growth ratio of 2.55 and a beta of 1.01.

Oracle (NYSE:ORCL) last announced its 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). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The business had revenue of $14.29 billion for the quarter, compared to the consensus estimate of $14.57 billion. During the same quarter in the previous year, the company posted $1.35 EPS. Oracle’s revenue for the quarter was up 3.3% on a year-over-year basis. On average, equities research analysts predict that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, July 25th. Shareholders of record on Thursday, July 11th were paid a $0.40 dividend. This represents a $1.60 dividend on an annualized basis and a dividend yield of 1.13%. The ex-dividend date of this dividend was Thursday, July 11th. Oracle’s dividend payout ratio is presently 43.13%.

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.