AlphaStar Capital Management LLC Has $3.15 Million Position in Oracle Corporation (NYSE:ORCL)

AlphaStar Capital Management LLC boosted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 97.6% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The firm owned 22,555 shares of the enterprise software provider's stock after buying an additional 11,139 shares during the quarter. AlphaStar Capital Management LLC's holdings in Oracle were worth $3,153,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the 1st quarter worth approximately $28,000. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the 4th quarter valued at approximately $30,000. Hurley Capital LLC bought a new stake in Oracle in the fourth quarter worth $33,000. Finally, Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle during the fourth quarter worth $36,000. Institutional investors own 42.44% of the company's stock.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction dated Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director owned 31,764 shares of the company's stock, valued at $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 450,366 shares of company stock valued at $85,433,503 in the last ninety days. Company insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the subject of several recent analyst reports. Barclays reissued an "overweight" rating and issued a $221.00 price target (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Mizuho decreased their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and upped their target price for the stock from $180.00 to $250.00 in a research note on Monday, June 30th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 price target (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, BMO Capital Markets upped their target price on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $204.15.

Oracle Trading Up 1.0%

Shares of ORCL stock traded up $2.36 on Tuesday, reaching $234.62. 20,331,415 shares of the company's stock were exchanged, compared to its average volume of 10,226,024. The company's fifty day simple moving average is $179.98 and its 200 day simple moving average is $164.65. The stock has a market capitalization of $659.01 billion, a PE ratio of 54.06, a P/E/G ratio of 3.55 and a beta of 1.39. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $241.18. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last announced 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. The company 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 firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the company posted $1.63 EPS. As a group, analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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 given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is 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.