Pandora Wealth Inc. Takes Position in Oracle Corporation (NYSE:ORCL)

Key Points

• Pandora Wealth Inc. has acquired 2,124 shares of Oracle Corporation, valued at approximately $297,000, during the first quarter.
• A number of institutional investors, including Vanguard Group Inc. and Northern Trust Corp, have increased their holdings in Oracle, collectively representing 42.44% of the stock ownership.
• Oracle recently reported better-than-expected quarterly earnings of $1.70 per share, exceeding analyst predictions, and declared a quarterly dividend of $0.50.

Pandora Wealth Inc. acquired a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor acquired 2,124 shares of the enterprise software provider's stock, valued at approximately $297,000.

Several other hedge funds and other institutional investors have also recently modified their holdings of ORCL. Greenwood Gearhart Inc. raised its stake in Oracle by 1.2% in the fourth 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. Flynn Zito Capital Management LLC raised its stake in Oracle by 1.7% in the first quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock worth $606,000 after buying an additional 71 shares in the last quarter. Tiller Private Wealth Inc. raised its stake in Oracle by 4.6% in the first quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock worth $224,000 after buying an additional 71 shares in the last quarter. Private Wealth Management Group LLC raised its stake in Oracle by 14.9% in the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock worth $78,000 after buying an additional 72 shares in the last quarter. Finally, Woodley Farra Manion Portfolio Management Inc. raised its stake in Oracle by 4.8% in the first quarter. Woodley Farra Manion Portfolio Management Inc. now owns 1,562 shares of the enterprise software provider's stock worth $218,000 after buying an additional 72 shares in the last quarter. 42.44% of the stock is owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of research firms recently issued reports on ORCL. JPMorgan Chase & Co. increased their price target on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and upped their price objective for the stock from $180.00 to $250.00 in a report on Monday, June 30th. Cowen restated a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Finally, Scotiabank started coverage on shares of Oracle in a report on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 price objective on the stock. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus price target of $222.75.

Insider Buying and Selling at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction 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 transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 444,183 shares of company stock worth $86,521,198. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

Oracle stock traded up $0.65 during midday trading on Friday, reaching $250.04. 8,301,832 shares of the company traded hands, compared to its average volume of 10,356,510. The business has a 50 day moving average of $222.64 and a two-hundred day moving average of $177.81. The firm has a market capitalization of $702.32 billion, a price-to-earnings ratio of 57.61, a price-to-earnings-growth ratio of 3.73 and a beta of 1.43. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $260.87. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

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

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

About Oracle

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.