1,533 Shares in Oracle Corporation (NYSE:ORCL) Bought by Omnia Family Wealth LLC

Omnia Family Wealth LLC bought a new position in Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to its most recent disclosure with the SEC. The firm bought 1,533 shares of the enterprise software provider's stock, valued at approximately $214,000.

Other institutional investors also recently bought and sold shares of the company. Cookson Peirce & Co. Inc. increased its stake in Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after buying an additional 60 shares in the last quarter. Greenwood Gearhart Inc. increased its stake in Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after buying an additional 66 shares in the last quarter. WorthPointe LLC increased its stake in Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after buying an additional 67 shares in the last quarter. CORDA Investment Management LLC. increased its stake in Oracle by 0.9% in the 4th quarter. CORDA Investment Management LLC. now owns 7,966 shares of the enterprise software provider's stock worth $1,328,000 after buying an additional 68 shares in the last quarter. Finally, Stage Harbor Financial LLC increased its stake in Oracle by 5.0% in the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after buying an additional 68 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Analysts Set New Price Targets

A number of research analysts have recently weighed in on the company. Stifel Nicolaus raised their price objective on Oracle from $150.00 to $180.00 and gave the company a "hold" rating in a research report on Thursday, June 12th. Cowen restated a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and set a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. UBS Group raised their price objective on Oracle from $225.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday. Finally, CIBC restated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $197.67.

Oracle Stock Down 2.2%

Shares of NYSE ORCL opened at $210.54 on Thursday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market cap of $591.37 billion, a P/E ratio of 48.51, a PEG ratio of 3.23 and a beta of 1.32. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.93. The firm has a 50-day simple moving average of $165.09 and a two-hundred day simple moving average of $161.98.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the firm earned $1.63 earnings per share. Research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Insider Activity

In other news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 442,366 shares of company stock valued at $83,395,223. Corporate insiders own 42.20% of the company's stock.

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.

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