Alpine Bank Wealth Management Invests $2.02 Million in Oracle Corporation (NYSE:ORCL)

Alpine Bank Wealth Management acquired a new position in Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 14,461 shares of the enterprise software provider's stock, valued at approximately $2,022,000.

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

Analyst Upgrades and Downgrades

Several analysts recently issued reports on the company. Roth Capital reiterated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. KeyCorp lifted their price objective on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Royal Bank Of Canada lifted their price objective on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus target price of $197.67.

Oracle Trading Down 1.2%

Shares of ORCL stock traded down $2.66 on Friday, reaching $210.16. 14,120,277 shares of the company's stock were exchanged, compared to its average volume of 9,949,587. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.93. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a market capitalization of $590.31 billion, a PE ratio of 48.42, a P/E/G ratio of 3.19 and a beta of 1.32. The company's fifty day simple moving average is $168.42 and its 200 day simple moving average is $162.36.

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, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the company earned $1.63 EPS. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. As a group, analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared 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. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the sale, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. The trade was a 5.46% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider now directly owns 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 442,366 shares of company stock valued at $83,395,223. Insiders own 42.20% of the company's stock.

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.