Seven Mile Advisory Has $854,000 Holdings in Oracle Corporation (NYSE:ORCL)

Seven Mile Advisory grew its holdings in shares of Oracle Corporation (NYSE:ORCL) by 5.7% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor owned 6,108 shares of the enterprise software provider’s stock after purchasing an additional 331 shares during the period. Seven Mile Advisory’s holdings in Oracle were worth $854,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also recently made changes to their positions in the business. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC lifted its stake in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider’s stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter valued at approximately $30,000. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle in the 4th quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Wall Street Analyst Weigh In

Several equities analysts recently commented on ORCL shares. Loop Capital set a $135.00 price objective on shares of Oracle in a research note on Tuesday, June 10th. Stifel Nicolaus raised shares of Oracle from a “hold” rating to a “buy” rating and increased their price objective for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Evercore ISI raised their price target on shares of Oracle from $215.00 to $270.00 and gave the company an “outperform” rating in a research note on Monday, July 14th. Bank of America raised their price target on shares of Oracle from $220.00 to $295.00 and gave the company a “neutral” rating in a research note on Tuesday, August 5th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a “buy” rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company’s stock. Based on data from MarketBeat.com, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $227.04.

Oracle Stock Up 1.4%

Oracle stock opened at $248.48 on Friday. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87. The firm has a market capitalization of $697.94 billion, a price-to-earnings ratio of 57.25, a price-to-earnings-growth ratio of 3.71 and a beta of 1.43. The firm’s fifty day moving average price is $230.54 and its two-hundred day moving average price is $180.52. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts’ consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the firm earned $1.63 earnings per share. The firm’s revenue was up 11.3% on a year-over-year basis. On average, equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 10,000 shares of the firm’s stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president directly owned 40,807 shares of the company’s stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, insider Michael D. Sicilia sold 15,880 shares of the firm’s stock in a transaction dated Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total transaction of $4,041,142.40. Following the transaction, the insider directly owned 99,212 shares in the company, valued at $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock valued at $86,521,198 over the last three months. Insiders own 42.20% 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.