2,457 Shares in Oracle Corporation (NYSE:ORCL) Acquired by Consolidated Capital Management LLC

Consolidated Capital Management LLC purchased a new position in Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor purchased 2,457 shares of the enterprise software provider's stock, valued at approximately $344,000.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Interchange Capital Partners LLC lifted its holdings in shares of Oracle by 4.4% during the 1st quarter. Interchange Capital Partners LLC now owns 7,152 shares of the enterprise software provider's stock valued at $1,000,000 after buying an additional 304 shares during the period. Crossmark Global Holdings Inc. raised its holdings in Oracle by 0.7% in the 1st quarter. Crossmark Global Holdings Inc. now owns 242,478 shares of the enterprise software provider's stock worth $33,901,000 after purchasing an additional 1,701 shares during the period. U.S. Capital Wealth Advisors LLC raised its holdings in Oracle by 10.4% in the 1st quarter. U.S. Capital Wealth Advisors LLC now owns 77,241 shares of the enterprise software provider's stock worth $10,799,000 after purchasing an additional 7,284 shares during the period. Security National Bank of SO Dak raised its holdings in Oracle by 1.0% in the 1st quarter. Security National Bank of SO Dak now owns 31,973 shares of the enterprise software provider's stock worth $4,470,000 after purchasing an additional 311 shares during the period. Finally, Byrne Financial Freedom LLC raised its holdings in Oracle by 12.7% in the 1st quarter. Byrne Financial Freedom LLC now owns 4,448 shares of the enterprise software provider's stock worth $622,000 after purchasing an additional 500 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Analysts Set New Price Targets

A number of equities analysts recently commented on ORCL shares. Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a report on Wednesday, June 18th. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. JMP Securities set a $240.00 target price on Oracle and gave the stock a "market outperform" rating in a report on Thursday, June 12th. Finally, Jefferies Financial Group raised their price target on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $204.15.

Oracle Price Performance

NYSE ORCL opened at $232.30 on Tuesday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $237.99. 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 $652.49 billion, a price-to-earnings ratio of 53.53, a PEG ratio of 3.55 and a beta of 1.39. The stock's fifty day moving average price is $179.98 and its 200 day moving average price is $164.65.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results 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 net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the prior year, the company posted $1.63 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. As a group, equities research analysts forecast 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. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the transaction, the director owned 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 440,366 shares of company stock worth $83,103,603 in the last quarter. Company 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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