Aljian Capital Management LLC Increases Position in Oracle Corporation (NYSE:ORCL)

Aljian Capital Management LLC grew its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 260.1% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm owned 5,279 shares of the enterprise software provider's stock after acquiring an additional 3,813 shares during the quarter. Aljian Capital Management LLC's holdings in Oracle were worth $738,000 at the end of the most recent quarter.

Other institutional investors have also recently made changes to their positions in the company. Inlight Wealth Management LLC acquired a new stake in Oracle during the 1st quarter worth about $28,000. Sunbeam Capital Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $30,000. Hurley Capital LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $33,000. Synergy Investment Management LLC purchased a new position in shares of Oracle in the 4th quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle in the 4th quarter valued at about $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In related news, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the completion of the sale, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction dated 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 position. The disclosure for this sale can be found here. Over the last quarter, insiders sold 442,366 shares of company stock worth $83,395,223. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock opened at $210.16 on Friday. The stock's 50-day moving average is $168.42 and its two-hundred day moving average is $162.24. The firm has a market cap of $590.31 billion, a price-to-earnings ratio of 48.42, a PEG ratio of 3.15 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 company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same quarter last year, the company posted $1.63 earnings per share. Analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. Oracle's dividend payout ratio (DPR) is 46.08%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on ORCL shares. Stifel Nicolaus boosted their price objective on Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a research note on Thursday, June 12th. Stephens assumed coverage on Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target for the company. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Bank of America upped their price objective on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $195.00 price target (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, the stock presently has an average rating of "Moderate Buy" and a consensus target price of $197.67.

Oracle 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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.