Oracle Corporation (NYSE:ORCL) Shares Acquired by Walter & Keenan Wealth Management LLC IN ADV

Walter & Keenan Wealth Management LLC IN ADV lifted its position in shares of Oracle Corporation (NYSE:ORCL) by 1.3% during the first quarter, according to its most recent Form 13F filing with the SEC. The institutional investor owned 15,039 shares of the enterprise software provider’s stock after purchasing an additional 190 shares during the period. Walter & Keenan Wealth Management LLC IN ADV’s holdings in Oracle were worth $2,103,000 at the end of the most recent reporting period.

Other hedge funds and other institutional investors have also made changes to their positions in the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the fourth quarter worth about $30,000. Hurley Capital LLC acquired a new position in Oracle in the 4th quarter valued at about $33,000. Synergy Investment Management LLC acquired a new position in Oracle in the 4th quarter valued at about $34,000. Mpwm Advisory Solutions LLC acquired a new position in Oracle in the 4th quarter valued at about $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Oracle in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 42.44% of the company’s stock.

Oracle Price Performance

ORCL stock opened at $210.63 on Friday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.60. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.02 and a current ratio of 0.75. The stock’s 50 day moving average price is $158.93 and its 200 day moving average price is $161.36. The firm has a market cap of $589.13 billion, a P/E ratio of 48.53, a PEG ratio of 3.16 and a beta of 1.32.

Oracle (NYSE:ORCL) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) 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 firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the company earned $1.63 EPS. Oracle’s revenue was up 11.3% on a year-over-year basis. On average, sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s payout ratio is currently 46.08%.

Analyst Ratings Changes

Several equities analysts recently issued reports on ORCL shares. Oppenheimer restated an “outperform” rating on shares of Oracle in a research report on Wednesday. Jefferies Financial Group boosted their price target on Oracle from $190.00 to $200.00 and gave the company a “buy” rating in a research report on Monday, June 9th. Cowen restated a “buy” rating on shares of Oracle in a research report on Thursday, June 12th. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Oracle in a report on Wednesday. Finally, DA Davidson lifted their price objective on Oracle from $140.00 to $170.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat, Oracle presently has a consensus rating of “Moderate Buy” and an average target price of $196.74.

Insider Activity at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company’s stock in a transaction that occurred on 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 sale, the insider now owns 1,097,576 shares of the company’s stock, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the company’s stock in a transaction that occurred on Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director now directly owns 31,764 shares in the company, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,366 shares of company stock valued at $80,183,723. 42.20% of the stock is owned by corporate insiders.

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.