Oracle Corporation (NYSE:ORCL) Stock Holdings Lifted by Allen Capital Group LLC

Allen Capital Group LLC raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 96.1% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 2,941 shares of the enterprise software provider's stock after buying an additional 1,441 shares during the period. Allen Capital Group LLC's holdings in Oracle were worth $411,000 at the end of the most recent quarter.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC raised its stake in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares in the last quarter. Axxcess Wealth Management LLC raised its stake in shares of Oracle by 23.3% in the 4th quarter. Axxcess Wealth Management LLC now owns 32,396 shares of the enterprise software provider's stock valued at $5,399,000 after purchasing an additional 6,116 shares in the last quarter. Thrivent Financial for Lutherans raised its stake in Oracle by 174.8% during the fourth quarter. Thrivent Financial for Lutherans now owns 254,240 shares of the enterprise software provider's stock worth $42,632,000 after acquiring an additional 161,725 shares during the period. Finally, Trillium Asset Management LLC raised its stake in Oracle by 1.0% during the fourth quarter. Trillium Asset Management LLC now owns 8,112 shares of the enterprise software provider's stock worth $1,352,000 after acquiring an additional 82 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Wall Street Analysts Forecast Growth

Several equities research analysts recently weighed in on the stock. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Westpark Capital increased their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. TD Cowen increased their price objective on shares of Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. JPMorgan Chase & Co. increased their price objective 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. Finally, Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Nine analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the company has a consensus rating of "Moderate Buy" and an average target price of $218.29.

Insider Buying and Selling at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director owned 58,090 shares of the company's stock, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, 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 value of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 448,669 shares of company stock valued at $85,555,309. 42.20% of the stock is currently owned by company insiders.

Oracle Price Performance

Shares of NYSE ORCL traded down $3.45 during mid-day trading on Friday, reaching $245.30. 9,671,806 shares of the company traded hands, compared to its average volume of 10,336,026. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $251.60. 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 firm has a market cap of $689.01 billion, a PE ratio of 56.52, a price-to-earnings-growth ratio of 3.61 and a beta of 1.39. The stock has a fifty day simple moving average of $194.31 and a 200-day simple moving average of $168.39.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates 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 quarter last year, the business earned $1.63 earnings per share. The business's revenue for the quarter was up 11.3% on a year-over-year basis. Equities research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.82%. Oracle's dividend payout ratio is presently 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.