Weaver Consulting Group Boosts Stock Position in Oracle Corporation (NYSE:ORCL)

Weaver Consulting Group boosted its holdings in shares of Oracle Corporation (NYSE:ORCL) by 3.4% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 2,501 shares of the enterprise software provider’s stock after purchasing an additional 83 shares during the quarter. Weaver Consulting Group’s holdings in Oracle were worth $350,000 as of its most recent SEC filing.

Other institutional investors have also bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new position in Oracle in the first quarter worth about $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle in the 1st quarter worth approximately $28,000. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the 4th quarter valued at approximately $30,000. Hurley Capital LLC bought a new position in shares of Oracle during the 4th quarter valued at approximately $33,000. Finally, Synergy Investment Management LLC bought a new stake in Oracle in the fourth quarter worth $34,000. Institutional investors own 42.44% of the company’s stock.

Analyst Upgrades and Downgrades

A number of research analysts have weighed in on ORCL shares. Morgan Stanley reiterated an “overweight” rating on shares of Oracle in a research report on Wednesday, June 18th. JPMorgan Chase & Co. upped their price target on shares of Oracle from $135.00 to $185.00 and gave the company a “neutral” rating in a report on Thursday, June 12th. UBS Group set a $250.00 price objective on shares of Oracle and gave the stock a “buy” rating in a research note on Wednesday, June 25th. Stifel Nicolaus raised Oracle from a “hold” rating to a “buy” rating and upped their target price for the company from $180.00 to $250.00 in a research note on Monday. Finally, Cowen reiterated a “buy” rating on shares of Oracle in a report on Thursday, June 12th. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, Oracle currently has a consensus rating of “Moderate Buy” and an average target price of $200.63.

Oracle Trading Up 5.3%

Shares of NYSE:ORCL opened at $230.55 on Thursday. The company has a market capitalization of $647.58 billion, a PE ratio of 53.12, a P/E/G ratio of 3.28 and a beta of 1.39. 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 Corporation has a 12-month low of $118.86 and a 12-month high of $231.90. The business’s fifty day simple moving average is $174.16 and its 200-day simple moving average is $163.33.

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 the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm’s quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the firm earned $1.63 earnings per share. As a group, 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 will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle’s dividend payout ratio is currently 46.08%.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,866 shares of the firm’s stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director owned 31,764 shares of the company’s stock, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares of the company’s stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders sold 440,366 shares of company stock valued at $83,103,603. Company 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.