Alpine Bank Wealth Management Makes New Investment in Oracle Corporation (NYSE:ORCL)

Alpine Bank Wealth Management bought a new position in shares of Oracle Corporation (NYSE:ORCL) during the 1st quarter, according to the company in its most recent disclosure with the SEC. The fund bought 14,461 shares of the enterprise software provider’s stock, valued at approximately $2,022,000.

Other institutional investors and hedge funds have also recently modified their holdings of the company. Sunbeam Capital Management LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $30,000. Hurley Capital LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $33,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle during the 1st quarter valued at about $28,000. Synergy Investment Management LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Trading Up 4.0%

Shares of ORCL stock opened at $215.39 on Wednesday. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $216.60. The stock has a market cap of $604.99 billion, a P/E ratio of 49.63, a P/E/G ratio of 3.10 and a beta of 1.32. The business has a fifty day simple moving average of $163.48 and a 200-day simple moving average of $161.64. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL) last announced 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 return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. During the same quarter last year, the business posted $1.63 earnings per share. The business’s revenue for the quarter was up 11.3% on a year-over-year basis. On average, analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.93%. The ex-dividend date is Thursday, July 10th. Oracle’s payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the stock. Cantor Fitzgerald reduced their price objective on shares of Oracle from $214.00 to $175.00 and set an “overweight” rating on the stock in a report on Tuesday, March 11th. KeyCorp boosted their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an “overweight” rating in a report on Thursday, June 12th. Westpark Capital boosted their price objective on shares of Oracle from $195.00 to $246.00 and gave the company a “buy” rating in a report on Thursday, June 12th. Bank of America boosted their price objective on shares of Oracle from $156.00 to $220.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Finally, Mizuho reduced their price objective on shares of Oracle from $210.00 to $180.00 and set an “outperform” rating on the stock in a report on Tuesday, April 15th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company. Based on data from MarketBeat, Oracle presently has an average rating of “Moderate Buy” and a consensus target price of $196.74.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider now owns 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider now owns 60,722 shares of the company’s stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 442,366 shares of company stock valued at $83,395,223 over the last quarter. 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.