Oracle Corporation $ORCL Shares Bought by 1248 Management LLC

1248 Management LLC increased its position in Oracle Corporation (NYSE:ORCL) by 501.9% during the first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm owned 30,198 shares of the enterprise software provider’s stock after acquiring an additional 25,181 shares during the period. Oracle makes up 1.7% of 1248 Management LLC’s portfolio, making the stock its 14th biggest position. 1248 Management LLC’s holdings in Oracle were worth $4,222,000 at the end of the most recent quarter.

Other large investors have also modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new stake in shares of Oracle in the 1st quarter worth about $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle during the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC boosted its position in shares of Oracle by 284.9% during 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 in the last quarter. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the 4th quarter valued at about $30,000. Finally, Mpwm Advisory Solutions LLC bought 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.

Wall Street Analyst Weigh In

ORCL has been the subject of a number of analyst reports. Raymond James Financial reaffirmed a “strong-buy” rating on shares of Oracle in a research note on Wednesday, June 18th. Melius Research raised their price objective on shares of Oracle from $270.00 to $370.00 and gave the company a “buy” rating in a research report on Wednesday. Mizuho raised their price objective on shares of Oracle from $300.00 to $350.00 and gave the company an “outperform” rating in a research report on Wednesday. Wolfe Research increased their price target on Oracle from $300.00 to $400.00 and gave the company an “outperform” rating in a report on Wednesday. Finally, Royal Bank Of Canada increased their price target on Oracle from $145.00 to $195.00 and gave the company a “sector perform” rating in a report on Thursday, June 12th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the company’s stock. According to MarketBeat.com, the stock presently has an average rating of “Moderate Buy” and a consensus target price of $296.84.

Insiders Place Their Bets

In other Oracle news, Director Rona Alison Fairhead purchased 480 shares of the business’s stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the acquisition, the director directly owned 22,110 shares of the company’s stock, valued at $5,170,865.70. This represents a 2.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the transaction, the executive vice president directly owned 40,807 shares of the company’s stock, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 44,183 shares of company stock valued at $10,353,198 over the last three months. Company insiders own 42.20% of the company’s stock.

Oracle Stock Down 6.3%

ORCL opened at $307.64 on Friday. The company has a market capitalization of $864.11 billion, a P/E ratio of 71.21, a P/E/G ratio of 4.91 and a beta of 1.46. The firm’s fifty day moving average price is $243.59 and its two-hundred day moving average price is $189.52. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $345.72. The company has a debt-to-equity ratio of 3.33, a current ratio of 0.62 and a quick ratio of 0.75.

Oracle (NYSE:ORCL) last issued its quarterly earnings data 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. The company had revenue of $15.90 billion during the quarter, compared to analysts’ expectations of $15.58 billion. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The business’s revenue was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.63 earnings per share. On average, analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. Oracle’s dividend payout ratio (DPR) is presently 46.08%.

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.