2,586 Shares in Oracle Co. (NYSE:ORCL) Acquired by Lesa Sroufe & Co

Lesa Sroufe & Co bought a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The fund bought 2,586 shares of the enterprise software provider's stock, valued at approximately $361,000.

Several other large investors also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC acquired a new position in Oracle in the 4th quarter worth about $30,000. Hurley Capital LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $33,000. Synergy Investment Management LLC bought a new position in shares of Oracle during the 4th quarter worth approximately $34,000. Mpwm Advisory Solutions LLC acquired a new stake in Oracle during the 4th quarter valued at $36,000. Finally, Fourth Dimension Wealth LLC acquired a new stake in Oracle during the 4th quarter valued at $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

Oracle stock opened at $210.94 on Tuesday. Oracle Co. has a 12 month low of $118.86 and a 12 month high of $216.60. The stock's 50 day moving average is $154.61 and its 200-day moving average is $160.49. The company has a current ratio of 0.81, a quick ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a market capitalization of $589.98 billion, a price-to-earnings ratio of 51.57, a PEG ratio of 3.46 and a beta of 1.32.

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 (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 133.25% and a net margin of 21.16%. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period in the previous year, the company posted $1.63 earnings per share. Equities research analysts expect that Oracle Co. will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders 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 yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is presently 46.08%.

Insiders Place Their Bets

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction on 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 transaction, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now owns 58,090 shares of the company's stock, valued at $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock worth $80,183,723 over the last three months. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several equities research analysts have recently commented on the company. Westpark Capital lifted their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Bank of America lifted their price objective on Oracle from $156.00 to $220.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. JPMorgan Chase & Co. lifted their target price on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. Piper Sandler reiterated a "neutral" rating and set a $130.00 target price on shares of Oracle in a report on Wednesday, June 11th. Finally, Monness Crespi & Hardt upgraded Oracle from a "sell" rating to a "neutral" rating in a report on Monday, March 3rd. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has given a strong buy rating to the company's stock. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus target price of $194.32.

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.

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