Magnolia Capital Advisors LLC Purchases 6,130 Shares of Oracle Co. (NYSE:ORCL)

Magnolia Capital Advisors LLC grew its position in shares of Oracle Co. (NYSE:ORCL) by 91.0% in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,869 shares of the enterprise software provider’s stock after purchasing an additional 6,130 shares during the period. Magnolia Capital Advisors LLC’s holdings in Oracle were worth $1,817,000 at the end of the most recent reporting period.

Several other hedge funds have also recently added to or reduced their stakes in the company. Westend Capital Management LLC bought a new stake in shares of Oracle in the 1st quarter valued at about $25,000. Fairway Wealth LLC bought a new stake in shares of Oracle in the 2nd quarter valued at about $27,000. Frank Rimerman Advisors LLC bought a new stake in shares of Oracle in the 4th quarter valued at about $30,000. POM Investment Strategies LLC bought a new stake in shares of Oracle in the 2nd quarter valued at about $30,000. Finally, Bbjs Financial Advisors LLC bought a new stake in shares of Oracle in the 2nd quarter valued at about $35,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research firms have recently weighed in on ORCL. StockNews.com raised Oracle from a “hold” rating to a “buy” rating in a research note on Tuesday, September 10th. Oppenheimer reissued a “market perform” rating on shares of Oracle in a research note on Tuesday, September 10th. Melius raised Oracle from a “hold” rating to a “buy” rating and set a $210.00 target price for the company in a research note on Monday, September 16th. Evercore ISI boosted their price target on Oracle from $160.00 to $175.00 and gave the company an “outperform” rating in a report on Tuesday, September 10th. Finally, JPMorgan Chase & Co. boosted their price target on Oracle from $110.00 to $120.00 and gave the company a “neutral” rating in a report on Monday, September 9th. Ten equities research analysts have rated the stock with a hold rating and twenty have given a buy rating to the company’s stock. According to MarketBeat.com, Oracle currently has an average rating of “Moderate Buy” and an average price target of $166.13.

Oracle Stock Performance

Oracle stock opened at $168.74 on Monday. The company has a quick ratio of 0.72, a current ratio of 0.72 and a debt-to-equity ratio of 6.68. The company has a market capitalization of $467.57 billion, a P/E ratio of 45.48, a PEG ratio of 3.05 and a beta of 1.01. The stock’s 50 day moving average is $144.96 and its 200 day moving average is $133.79. Oracle Co. has a twelve month low of $99.26 and a twelve month high of $173.99.

Oracle (NYSE:ORCL) last posted its quarterly earnings results on Monday, September 9th. The enterprise software provider reported $1.39 earnings per share for the quarter, topping the consensus estimate of $1.33 by $0.06. The company 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 171.38% and a net margin of 20.40%. The firm’s quarterly revenue was up 6.9% compared to the same quarter last year. During the same quarter in the prior year, the business posted $0.95 EPS. On average, equities research analysts predict that Oracle Co. will post 5.01 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 24th. Investors of record on Thursday, October 10th will be paid a $0.40 dividend. The ex-dividend date is Thursday, October 10th. This represents a $1.60 annualized dividend and a dividend yield of 0.95%. Oracle’s payout ratio is currently 43.13%.

Insider Buying and Selling

In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. In related news, EVP Maria Smith sold 6,320 shares of the company’s stock in a transaction that occurred on Monday, September 16th. The stock was sold at an average price of $165.00, for a total value of $1,042,800.00. Following the transaction, the executive vice president now directly owns 42,889 shares of the company’s stock, valued at approximately $7,076,685. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 15,000 shares of the company’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 transaction, the director now directly owns 58,090 shares in the company, valued at $8,010,030.10. The disclosure for this sale can be found here. Insiders have sold 1,573,181 shares of company stock worth $225,338,245 in the last 90 days. Insiders own 42.80% of the company’s stock.

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.