Good Life Advisors LLC Has $1.46 Million Stake in Oracle Co. (NYSE:ORCL)

Good Life Advisors LLC grew its holdings in Oracle Co. (NYSE:ORCL) by 5.4% during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 10,417 shares of the enterprise software provider’s stock after purchasing an additional 537 shares during the period. Good Life Advisors LLC’s holdings in Oracle were worth $1,456,000 as of its most recent SEC filing.

A number of other large investors also recently made changes to their positions in ORCL. Norges Bank acquired a new position in Oracle in the fourth quarter worth approximately $2,216,314,000. Raymond James Financial Inc. acquired a new position in Oracle in the fourth quarter worth approximately $930,095,000. GAMMA Investing LLC increased its holdings in Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider’s stock worth $664,810,000 after buying an additional 4,723,631 shares during the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its holdings in Oracle by 20.5% in the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider’s stock worth $2,303,858,000 after buying an additional 2,350,448 shares during the last quarter. Finally, Vanguard Group Inc. increased its holdings in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider’s stock worth $26,231,127,000 after buying an additional 2,296,069 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Stock Down 2.0%

Shares of ORCL stock opened at $210.94 on Tuesday. The stock has a market cap of $589.98 billion, a P/E ratio of 51.57, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32. Oracle Co. has a one year low of $118.86 and a one year high of $216.60. The stock has a fifty day moving average price of $154.61 and a 200 day moving average price of $160.49. The company has a debt-to-equity ratio of 5.65, a current ratio of 0.81 and a quick ratio of 0.81.

Oracle (NYSE:ORCL) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period in the prior year, the company posted $1.63 earnings per share. The business’s revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts predict that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.95%. Oracle’s dividend payout ratio is currently 46.08%.

Insiders Place Their Bets

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company’s stock, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock worth $80,183,723 over the last three months. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ORCL. Barclays reiterated an “overweight” rating and set a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday. Deutsche Bank Aktiengesellschaft reiterated a “buy” rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. CIBC reiterated a “buy” rating on shares of Oracle in a report on Monday, June 9th. JMP Securities set a $240.00 price target on Oracle and gave the company a “market outperform” rating in a report on Thursday, June 12th. Finally, Morgan Stanley reiterated a “positive” rating on shares of Oracle in a report on Monday, June 9th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and an average target price of $194.32.

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.