Oracle Corporation $ORCL Shares Bought by Geneos Wealth Management Inc.

Geneos Wealth Management Inc. lifted its stake in shares of Oracle Corporation (NYSE:ORCL) by 36.2% in the second quarter, Holdings Channel reports. The institutional investor owned 29,070 shares of the enterprise software provider’s stock after buying an additional 7,732 shares during the quarter. Geneos Wealth Management Inc.’s holdings in Oracle were worth $6,355,000 as of its most recent SEC filing.

Several other institutional investors have also recently added to or reduced their stakes in ORCL. Caxton Associates LLP bought a new position in Oracle during the 2nd quarter valued at $7,104,000. Wellington Capital Management Inc. bought a new stake in shares of Oracle in the 2nd quarter worth about $378,000. Second Line Capital LLC raised its stake in shares of Oracle by 1.6% in the 2nd quarter. Second Line Capital LLC now owns 4,778 shares of the enterprise software provider’s stock valued at $1,045,000 after purchasing an additional 73 shares in the last quarter. Rexford Capital Inc. acquired a new stake in shares of Oracle in the 2nd quarter valued at about $2,620,000. Finally, Headlands Technologies LLC lifted its position in shares of Oracle by 9,278.1% during the second quarter. Headlands Technologies LLC now owns 38,919 shares of the enterprise software provider’s stock worth $8,509,000 after purchasing an additional 38,504 shares during the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

NYSE ORCL opened at $189.64 on Monday. The company has a 50-day moving average price of $245.58 and a two-hundred day moving average price of $241.93. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $345.72. The stock has a market cap of $544.86 billion, a price-to-earnings ratio of 35.65, a price-to-earnings-growth ratio of 1.82 and a beta of 1.66. The company has a current ratio of 0.91, a quick ratio of 0.91 and a debt-to-equity ratio of 3.28.

Oracle (NYSE:ORCL) last issued its quarterly earnings data on Wednesday, December 10th. The enterprise software provider reported $2.26 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.62. Oracle had a return on equity of 70.60% and a net margin of 25.28%.The business had revenue of $16.06 billion during the quarter, compared to the consensus estimate of $16.19 billion. During the same period in the previous year, the firm posted $1.47 earnings per share. The business’s revenue was up 14.2% on a year-over-year basis. Analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Friday, January 23rd. Stockholders of record on Friday, January 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Friday, January 9th. This represents a $2.00 annualized dividend and a dividend yield of 1.1%. Oracle’s dividend payout ratio is presently 37.59%.

Analyst Upgrades and Downgrades

Several brokerages recently weighed in on ORCL. Bank of America lowered their price objective on Oracle from $368.00 to $300.00 and set a “buy” rating for the company in a report on Thursday. Baird R W upgraded Oracle to a “strong-buy” rating in a report on Wednesday, October 8th. Cantor Fitzgerald dropped their price target on Oracle from $400.00 to $320.00 and set an “overweight” rating on the stock in a research report on Thursday. Berenberg Bank lifted their price objective on shares of Oracle from $202.00 to $306.00 and gave the stock a “hold” rating in a report on Monday, September 15th. Finally, DA Davidson lowered their target price on shares of Oracle from $200.00 to $180.00 and set a “neutral” rating for the company in a research note on Thursday. Three research analysts have rated the stock with a Strong Buy rating, twenty-six have issued a Buy rating, twelve have issued a Hold rating and two have issued a Sell rating to the company’s stock. Based on data from MarketBeat, the stock presently has an average rating of “Moderate Buy” and an average target price of $301.57.

Insider Activity at Oracle

In other Oracle news, CEO Clayton M. Magouyrk sold 40,000 shares of the firm’s stock in a transaction dated Tuesday, October 21st. The shares were sold at an average price of $276.64, for a total transaction of $11,065,600.00. Following the transaction, the chief executive officer owned 154,030 shares of the company’s stock, valued at approximately $42,610,859.20. This trade represents a 20.62% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Smith sold 5,000 shares of the business’s stock in a transaction dated Thursday, October 23rd. The stock was sold at an average price of $280.62, for a total transaction of $1,403,100.00. Following the sale, the executive vice president owned 47,083 shares in the company, valued at $13,212,431.46. This trade represents a 9.60% decrease in their ownership of the stock. Additional details regarding this sale are available in the official SEC disclosure. In the last three months, insiders sold 171,513 shares of company stock valued at $50,397,893. 40.90% of the stock is owned by corporate 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.