MBB Public Markets I LLC Buys Shares of 2,068 Oracle Corporation $ORCL

Key Points

• MBB Public Markets I LLC has acquired 2,068 shares of Oracle Corporation, worth approximately $289,000, as reported in their latest SEC disclosure.
• Oracle Corporation announced a quarterly dividend of $0.50 per share, set to be paid on October 23rd, with a dividend yield of 0.7%.
• Oracle recently reported earnings of $1.70 per share for the last quarter, surpassing analyst expectations and reflecting an 11.3% increase in revenue year over year.

MBB Public Markets I LLC bought a new position in Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund bought 2,068 shares of the enterprise software provider's stock, valued at approximately $289,000.

A number of other hedge funds also recently made changes to their positions in ORCL. Brighton Jones LLC lifted its position in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares in the last quarter. Quadcap Wealth Management LLC lifted its position in shares of Oracle by 1.9% in the fourth quarter. Quadcap Wealth Management LLC now owns 10,736 shares of the enterprise software provider's stock worth $1,789,000 after buying an additional 203 shares in the last quarter. Prodigy Asset Management LLC purchased a new stake in Oracle during the fourth quarter valued at approximately $340,000. Finally, ProShare Advisors LLC raised its position in Oracle by 6.1% during the fourth quarter. ProShare Advisors LLC now owns 366,034 shares of the enterprise software provider's stock valued at $60,996,000 after purchasing an additional 20,991 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Trading Down 5.1%

Shares of NYSE ORCL traded down $15.79 during midday trading on Friday, hitting $292.07. The company's stock had a trading volume of 51,618,969 shares, compared to its average volume of 20,941,788. The company has a current ratio of 0.62, a quick ratio of 0.75 and a debt-to-equity ratio of 3.33. The business's 50 day moving average is $244.69 and its two-hundred day moving average is $190.50. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $345.72. The firm has a market cap of $820.38 billion, a P/E ratio of 67.61, a price-to-earnings-growth ratio of 4.10 and a beta of 1.46.

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. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter in the prior year, the firm earned $1.63 earnings per share. Oracle's revenue was up 11.3% compared to the same quarter last year. As a group, equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, October 23rd. Investors of record on Thursday, October 9th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, October 9th. This represents a $2.00 annualized dividend and a yield of 0.7%. Oracle's dividend payout ratio is 46.30%.

Analyst Ratings Changes

A number of equities research analysts have issued reports on the company. Mizuho upped their price objective on Oracle from $300.00 to $350.00 and gave the company an "outperform" rating in a research report on Wednesday. BMO Capital Markets set a $345.00 price objective on Oracle in a research report on Wednesday. Morgan Stanley upped their price objective on Oracle from $175.00 to $246.00 and gave the company an "equal weight" rating in a research report on Monday, September 8th. DA Davidson upped their price objective on Oracle from $220.00 to $300.00 and gave the company a "neutral" rating in a research report on Wednesday. Finally, Stifel Nicolaus upped their price objective on Oracle from $250.00 to $350.00 and gave the company a "buy" rating in a research report on Wednesday. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have given a Buy rating and eight have assigned a Hold rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $296.84.

Insider Buying and Selling

In related news, Director Naomi O. Seligman sold 3,303 shares of the stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Michael D. Sicilia sold 15,880 shares of the stock in a transaction on Tuesday, August 5th. The shares were sold at an average price of $254.48, for a total value of $4,041,142.40. Following the sale, the insider directly owned 99,212 shares in the company, valued at $25,247,469.76. This trade represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 44,183 shares of company stock valued at $10,353,198 over the last 90 days. 42.20% of the stock is owned by 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.