Agate Pass Investment Management LLC Has $3.02 Million Holdings in Oracle Co. (NYSE:ORCL)

Agate Pass Investment Management LLC boosted its stake in shares of Oracle Co. (NYSE:ORCL) by 4.6% during the second quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,406 shares of the enterprise software provider’s stock after acquiring an additional 940 shares during the period. Oracle accounts for about 1.6% of Agate Pass Investment Management LLC’s portfolio, making the stock its 19th biggest position. Agate Pass Investment Management LLC’s holdings in Oracle were worth $3,023,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other institutional investors and hedge funds have also modified their holdings of the company. Gemmer Asset Management LLC lifted its position in shares of Oracle by 52.9% during the 2nd quarter. Gemmer Asset Management LLC now owns 9,981 shares of the enterprise software provider’s stock valued at $1,409,000 after acquiring an additional 3,452 shares during the period. Bbjs Financial Advisors LLC purchased a new position in shares of Oracle during the second quarter worth approximately $35,000. M&G Plc grew its holdings in Oracle by 19.2% in the 2nd quarter. M&G Plc now owns 1,101,659 shares of the enterprise software provider’s stock worth $155,334,000 after acquiring an additional 177,317 shares during the last quarter. Wedmont Private Capital grew its holdings in shares of Oracle by 328.1% during the 2nd quarter. Wedmont Private Capital now owns 78,367 shares of the enterprise software provider’s stock worth $11,345,000 after acquiring an additional 60,061 shares during the period. Finally, Insight Advisors LLC PA grew its stake in shares of Oracle by 8.8% in the 2nd quarter. Insight Advisors LLC PA now owns 3,139 shares of the enterprise software provider’s stock worth $443,000 after buying an additional 254 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

Several equities analysts recently weighed in on ORCL shares. Bank of America lifted their target price on Oracle from $144.00 to $155.00 and gave the company a “neutral” rating in a research report on Wednesday, June 12th. Oppenheimer assumed coverage on shares of Oracle in a research note on Thursday, April 18th. They set a “market perform” rating for the company. UBS Group lifted their price target on Oracle from $150.00 to $160.00 and gave the stock a “buy” rating in a research note on Wednesday, June 12th. Guggenheim restated a “buy” rating and issued a $175.00 target price on shares of Oracle in a research report on Tuesday, June 25th. Finally, Deutsche Bank Aktiengesellschaft lifted their price objective on shares of Oracle from $150.00 to $165.00 and gave the stock a “buy” rating in a research report on Monday, June 17th. Fourteen investment analysts have rated the stock with a hold rating and seventeen have given a buy rating to the company’s stock. According to MarketBeat, the company currently has a consensus rating of “Moderate Buy” and a consensus price target of $145.83.

Insider Buying and Selling at Oracle

In other news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’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 completion of the sale, the chairman now 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 this link. In related news, Chairman Lawrence Joseph Ellison sold 1,125,000 shares of the firm’s stock in a transaction 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 transaction, the chairman now owns 1,145,732,353 shares in the company, valued at $164,630,281,802.57. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, insider Edward Screven sold 235,918 shares of the firm’s stock in a transaction on 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 sale, the insider now directly owns 2,626,764 shares in the company, 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 over the last 90 days. Company insiders own 42.80% of the company’s stock.

Oracle Trading Up 1.2 %

Shares of Oracle stock traded up $1.65 during trading on Tuesday, hitting $134.23. 4,323,229 shares of the company were exchanged, compared to its average volume of 8,361,931. The firm’s fifty day moving average price is $137.35 and its 200 day moving average price is $125.26. Oracle Co. has a 1-year low of $99.26 and a 1-year high of $146.59. The firm has a market capitalization of $369.92 billion, a P/E ratio of 36.04, a price-to-earnings-growth ratio of 2.49 and a beta of 1.02. 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 issued its quarterly earnings data on Tuesday, June 11th. The enterprise software provider reported $1.63 EPS for the quarter, missing analysts’ consensus estimates of $1.65 by ($0.02). Oracle had a return on equity of 223.01% and a net margin of 19.76%. The company had revenue of $14.29 billion for the quarter, compared to analyst estimates of $14.57 billion. During the same quarter in the previous year, the business earned $1.35 earnings per share. The company’s revenue was up 3.3% on a year-over-year basis. As a group, sell-side analysts expect that Oracle Co. will post 5.02 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which was paid on Thursday, July 25th. Stockholders of record on Thursday, July 11th were paid a dividend of $0.40 per share. The ex-dividend date was Thursday, July 11th. This represents a $1.60 annualized dividend and a dividend yield of 1.19%. Oracle’s dividend payout ratio is presently 43.13%.

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.