1,456 Shares in Oracle Corporation (NYSE:ORCL) Acquired by Mullooly Asset Management Inc.

Key Points

• Mullooly Asset Management Inc. acquired 1,456 shares of Oracle Corporation, valued at approximately $204,000, marking a significant move by the fund in the first quarter.
• Oracle has recently been rated with an average target price of $218.29, with 23 analysts giving a buy rating and 9 analysts rating it as a hold.
• The company has declared a quarterly dividend of $0.50 per share, translating to an annualized dividend yield of 0.8% and a payout ratio of 46.08%.

Mullooly Asset Management Inc. bought a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 1,456 shares of the enterprise software provider's stock, valued at approximately $204,000.

Several other large investors also recently added to or reduced their stakes in the business. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after purchasing an additional 107,404 shares during the last quarter. Rockland Trust Co. raised its holdings in Oracle by 4.8% in the 1st quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after acquiring an additional 467 shares during the period. Calamos Advisors LLC grew its position in shares of Oracle by 1.5% in the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after purchasing an additional 10,426 shares during the last quarter. Cornerstone Advisory LLC increased its position in Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after buying an additional 3,299 shares during the period. Finally, Peak Retirement Planning Inc. bought a new position in Oracle during the fourth quarter worth $211,000. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

ORCL has been the subject of several research reports. CIBC reaffirmed a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Westpark Capital upped their price objective on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. The Goldman Sachs Group restated a "neutral" rating and set a $195.00 target price (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Finally, UBS Group boosted their price target on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $218.29.

Oracle Stock Down 3.7%

NYSE:ORCL opened at $244.44 on Friday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87. The stock has a 50-day moving average price of $213.55 and a two-hundred day moving average price of $174.74. The stock has a market cap of $686.59 billion, a price-to-earnings ratio of 56.32, a PEG ratio of 3.79 and a beta of 1.43. 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 - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate 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 for the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the previous year, the business posted $1.63 EPS. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued 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 was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction dated Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the sale, the director directly owned 31,447 shares in the company, valued at $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 431,169 shares of company stock valued at $82,908,609 over the last quarter. 42.20% of the stock is currently owned by corporate insiders.

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.

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