Gryphon Financial Partners LLC Grows Stock Position in Oracle Co. (NYSE:ORCL)

Gryphon Financial Partners LLC boosted its holdings in Oracle Co. (NYSE:ORCL) by 30.6% in the 2nd quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 9,392 shares of the enterprise software provider’s stock after acquiring an additional 2,200 shares during the quarter. Gryphon Financial Partners LLC’s holdings in Oracle were worth $1,326,000 as of its most recent filing with the SEC.

Several other large investors have also recently bought and sold shares of ORCL. International Assets Investment Management LLC raised its position in Oracle by 153.3% in the fourth quarter. International Assets Investment Management LLC now owns 11,947 shares of the enterprise software provider’s stock worth $1,260,000 after acquiring an additional 7,230 shares in the last quarter. Brio Consultants LLC raised its position in Oracle by 4.1% in the fourth quarter. Brio Consultants LLC now owns 2,942 shares of the enterprise software provider’s stock worth $310,000 after acquiring an additional 117 shares in the last quarter. Precision Wealth Strategies LLC raised its position in Oracle by 4.1% in the fourth quarter. Precision Wealth Strategies LLC now owns 3,951 shares of the enterprise software provider’s stock worth $417,000 after acquiring an additional 155 shares in the last quarter. Gilbert & Cook Inc. purchased a new position in Oracle in the fourth quarter worth $359,000. Finally, Aveo Capital Partners LLC purchased a new position in shares of Oracle in the fourth quarter valued at $290,000. Hedge funds and other institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of brokerages have recently weighed in on ORCL. UBS Group raised their price target on Oracle from $150.00 to $160.00 and gave the company a “buy” rating in a research report on Wednesday, June 12th. JMP Securities upgraded Oracle from a “market perform” rating to an “outperform” rating and set a $175.00 price target for the company in a research report on Tuesday. Stifel Nicolaus raised their price target on Oracle from $120.00 to $135.00 and gave the company a “hold” rating in a research report on Wednesday, June 12th. JPMorgan Chase & Co. increased their price objective on Oracle from $110.00 to $120.00 in a research note on Monday. Finally, Mizuho increased their price objective on Oracle from $160.00 to $170.00 and gave the company a “buy” rating in a research note on Monday, June 17th. Thirteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company. According to data from MarketBeat.com, Oracle has a consensus rating of “Moderate Buy” and a consensus price target of $151.79.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $152.20 on Tuesday. The company has a market cap of $419.44 billion, a P/E ratio of 37.71, a PEG ratio of 2.56 and a beta of 1.01. The company has a debt-to-equity ratio of 8.25, a quick ratio of 0.72 and a current ratio of 0.71. Oracle Co. has a one year low of $99.26 and a one year high of $152.20. The business’s 50-day simple moving average is $138.65 and its 200 day simple moving average is $128.82.

Oracle (NYSE:ORCL) last announced its earnings results on Monday, September 9th. The enterprise software provider reported $1.39 EPS for the quarter, beating the consensus estimate of $1.33 by $0.06. The business had revenue of $13.31 billion for the quarter, compared to the consensus estimate of $13.23 billion. Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company’s revenue was up 6.9% on a year-over-year basis. During the same period last year, the business posted $0.95 EPS. On average, sell-side analysts forecast that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, October 24th. Shareholders of record on Thursday, October 10th will be issued a dividend of $0.40 per share. This represents a $1.60 annualized dividend and a yield of 1.05%. Oracle’s dividend payout ratio is presently 43.13%.

Insiders Place Their Bets

In other Oracle news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total transaction of $161,651,250.00. Following the sale, 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of Oracle stock in a transaction that occurred on Monday, July 15th. The stock was sold at an average price of $143.69, for a total value of $161,651,250.00. Following the completion of the transaction, the chairman now owns 1,145,732,353 shares in the company, valued at approximately $164,630,281,802.57. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Edward Screven sold 235,918 shares of Oracle stock in a transaction that occurred on Thursday, June 20th. The stock was 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 owns 2,626,764 shares of the company’s stock, valued at approximately $379,042,045.20. The disclosure for this sale can be found here. Insiders have sold 1,862,500 shares of company stock worth $266,776,624 in the last three months. 42.80% of the stock is owned by insiders.

Oracle 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.