Capital Asset Advisory Services LLC Purchases 236 Shares of Oracle Co. (NYSE:ORCL)

Capital Asset Advisory Services LLC boosted its position in Oracle Co. (NYSE:ORCL) by 3.1% in the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 7,750 shares of the enterprise software provider’s stock after purchasing an additional 236 shares during the period. Capital Asset Advisory Services LLC’s holdings in Oracle were worth $968,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors have also added to or reduced their stakes in the company. Invst LLC raised its stake in shares of Oracle by 2.7% during the fourth quarter. Invst LLC now owns 3,299 shares of the enterprise software provider’s stock valued at $380,000 after acquiring an additional 86 shares in the last quarter. Nemes Rush Group LLC raised its stake in shares of Oracle by 1.2% during the fourth quarter. Nemes Rush Group LLC now owns 7,334 shares of the enterprise software provider’s stock valued at $773,000 after acquiring an additional 86 shares in the last quarter. Avidian Wealth Solutions LLC raised its stake in shares of Oracle by 1.1% during the fourth quarter. Avidian Wealth Solutions LLC now owns 8,516 shares of the enterprise software provider’s stock valued at $898,000 after acquiring an additional 90 shares in the last quarter. Sovereign Financial Group Inc. raised its stake in shares of Oracle by 2.9% during the fourth quarter. Sovereign Financial Group Inc. now owns 3,244 shares of the enterprise software provider’s stock valued at $342,000 after acquiring an additional 90 shares in the last quarter. Finally, Godshalk Welsh Capital Management Inc. raised its stake in shares of Oracle by 0.3% during the fourth quarter. Godshalk Welsh Capital Management Inc. now owns 33,435 shares of the enterprise software provider’s stock valued at $3,525,000 after acquiring an additional 90 shares in the last quarter. Institutional investors own 42.44% of the company’s stock.

Insider Activity at Oracle

In other Oracle news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were 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 in the company, valued at $379,042,045.20. The sale was disclosed in a legal filing with the SEC, which is available at this hyperlink. In related news, insider Edward Screven sold 235,918 shares of the company’s stock in a transaction dated Thursday, June 20th. The shares were sold at an average price of $144.30, for a total transaction of $34,042,967.40. Following the completion of the transaction, the insider now owns 2,626,764 shares in the company, valued at approximately $379,042,045.20. The transaction was disclosed in a legal filing with the SEC, which can be accessed through the SEC website. Also, Director Jeffrey Berg sold 22,500 shares of the company’s stock in a transaction dated Thursday, June 20th. The stock was sold at an average price of $143.12, for a total transaction of $3,220,200.00. Following the transaction, the director now owns 210,712 shares of the company’s stock, valued at approximately $30,157,101.44. The disclosure for this sale can be found here. Insiders sold 385,639 shares of company stock worth $53,002,729 over the last three months. Company insiders own 42.80% of the company’s stock.

Oracle Price Performance

Shares of ORCL opened at $141.20 on Friday. The firm has a market capitalization of $389.13 billion, a PE ratio of 38.06, a price-to-earnings-growth ratio of 2.54 and a beta of 1.01. The company’s fifty day moving average price is $125.24 and its 200-day moving average price is $117.96. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $145.32. 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 (NYSE:ORCL) last posted its earnings results on Tuesday, June 11th. The enterprise software provider reported $1.63 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). The business had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. Oracle had a net margin of 19.76% and a return on equity of 223.01%. The company’s revenue for the quarter was up 3.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.35 earnings per share. On average, equities research analysts predict that Oracle Co. will post 5.01 EPS for the current year.

Oracle Announces Dividend

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

Analysts Set New Price Targets

Several analysts have recently weighed in on the stock. William Blair raised shares of Oracle from a “market perform” rating to an “outperform” rating in a research note on Tuesday, March 12th. Guggenheim reissued a “buy” rating and issued a $175.00 price objective on shares of Oracle in a research note on Tuesday. Oppenheimer initiated coverage on shares of Oracle in a research note on Thursday, April 18th. They issued a “market perform” rating for the company. Deutsche Bank Aktiengesellschaft boosted their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research note on Monday, June 17th. Finally, JMP Securities reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, June 11th. Fourteen analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. Based on data from MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

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.