Summit Trail Advisors LLC Raises Stake in Oracle Co. (ORCL)

Summit Trail Advisors LLC lifted its holdings in shares of Oracle Co. (NYSE:ORCL) by 43.3% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 94,250 shares of the enterprise software provider’s stock after purchasing an additional 28,464 shares during the quarter. Summit Trail Advisors LLC’s holdings in Oracle were worth $2,535,000 as of its most recent filing with the SEC.

Several other institutional investors and hedge funds have also modified their holdings of the company. Centaurus Financial Inc. acquired a new stake in Oracle in the first quarter valued at approximately $106,000. Rainier Group Investment Advisory LLC acquired a new stake in Oracle in the first quarter valued at approximately $106,000. Tarbox Family Office Inc. raised its holdings in Oracle by 71.1% in the fourth quarter. Tarbox Family Office Inc. now owns 2,322 shares of the enterprise software provider’s stock valued at $110,000 after acquiring an additional 965 shares in the last quarter. Clearwater Capital Advisors LLC acquired a new stake in Oracle in the first quarter valued at approximately $134,000. Finally, Omnia Family Wealth LLC raised its holdings in Oracle by 439.6% in the first quarter. Omnia Family Wealth LLC now owns 3,076 shares of the enterprise software provider’s stock valued at $141,000 after acquiring an additional 2,506 shares in the last quarter. 56.25% of the stock is currently owned by institutional investors and hedge funds.

Shares of Oracle opened at $44.06 on Monday, according to Marketbeat.com. The company has a debt-to-equity ratio of 1.21, a quick ratio of 4.30 and a current ratio of 3.96. The company has a market cap of $182.39 billion, a PE ratio of 15.62, a price-to-earnings-growth ratio of 1.45 and a beta of 1.15. Oracle Co. has a 12-month low of $42.57 and a 12-month high of $53.48.

Oracle (NYSE:ORCL) last issued its quarterly earnings results on Tuesday, June 19th. The enterprise software provider reported $0.99 earnings per share for the quarter, topping the Thomson Reuters’ consensus estimate of $0.94 by $0.05. Oracle had a return on equity of 23.14% and a net margin of 9.61%. The firm had revenue of $11.26 billion during the quarter, compared to the consensus estimate of $11.17 billion. During the same period last year, the company earned $0.89 earnings per share. The company’s revenue for the quarter was up 2.9% on a year-over-year basis. analysts anticipate that Oracle Co. will post 3.1 earnings per share for the current year.

The business also recently declared a quarterly dividend, which will be paid on Tuesday, July 31st. Investors of record on Tuesday, July 17th will be issued a dividend of $0.19 per share. This represents a $0.76 annualized dividend and a dividend yield of 1.72%. The ex-dividend date is Monday, July 16th. Oracle’s dividend payout ratio is presently 26.95%.

In related news, insider Edward Screven sold 500,000 shares of the stock in a transaction on Thursday, May 10th. The stock was sold at an average price of $46.89, for a total transaction of $23,445,000.00. Following the completion of the sale, the insider now directly owns 2,644,595 shares of the company’s stock, valued at $124,005,059.55. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Hector Garcia-Molina sold 3,750 shares of the stock in a transaction on Monday, April 16th. The stock was sold at an average price of $46.08, for a total value of $172,800.00. Following the sale, the director now directly owns 18,125 shares of the company’s stock, valued at $835,200. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 2,880,015 shares of company stock valued at $131,661,030. Corporate insiders own 29.00% of the company’s stock.

ORCL has been the topic of several analyst reports. TheStreet cut shares of Oracle from a “b+” rating to a “c+” rating in a report on Monday, March 19th. Zacks Investment Research upgraded shares of Oracle from a “hold” rating to a “buy” rating and set a $53.00 price target on the stock in a research note on Friday, March 23rd. JPMorgan Chase & Co. reiterated a “buy” rating and issued a $55.00 price target on shares of Oracle in a research note on Tuesday, March 20th. KeyCorp reiterated a “sector weight” rating on shares of Oracle in a research note on Tuesday, March 20th. Finally, Credit Suisse Group set a $60.00 price target on shares of Oracle and gave the company a “buy” rating in a research note on Monday, June 18th. One research analyst has rated the stock with a sell rating, fourteen have issued a hold rating and eighteen have assigned a buy rating to the company’s stock. Oracle has a consensus rating of “Buy” and an average price target of $55.87.

Oracle Profile

Oracle Corporation develops, manufactures, markets, sells, hosts, and supports application, platform, and infrastructure technologies for information technology (IT) environments worldwide. It provides services in three primary layers of the cloud: Software as a Service, Platform as a Service, and Infrastructure as a Service.

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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