Armstrong Henry H Associates Inc. Takes $202,000 Position in Oracle Corporation $ORCL

Key Points

• Armstrong Henry H Associates Inc. purchased a new position in Oracle Corporation valued at approximately $202,000, acquiring 922 shares during the second quarter.
• Insider selling included significant transactions by Michael D. Sicilia and Clayton M. Magouyrk, with Sicilia selling 15,880 shares for over $4 million.
• Oracle recently announced a quarterly dividend of $0.50 per share, with an annualized yield of 0.7%, scheduled for payment on October 23rd.

Armstrong Henry H Associates Inc. purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the 2nd quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor purchased 922 shares of the enterprise software provider's stock, valued at approximately $202,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Brighton Jones LLC increased its stake in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after buying an additional 100,494 shares during the period. Revolve Wealth Partners LLC increased its stake in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after buying an additional 404 shares during the period. Shell Asset Management Co. grew its stake in Oracle by 205.3% during the fourth quarter. Shell Asset Management Co. now owns 22,259 shares of the enterprise software provider's stock worth $3,709,000 after purchasing an additional 14,968 shares during the period. Sender Co & Partners Inc. acquired a new stake in Oracle during the fourth quarter worth approximately $1,417,000. Finally, Toronto Dominion Bank grew its stake in Oracle by 15.2% during the fourth quarter. Toronto Dominion Bank now owns 679,325 shares of the enterprise software provider's stock worth $113,199,000 after purchasing an additional 89,723 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ORCL shares. Loop Capital set a $135.00 target price on Oracle in a research note on Tuesday, June 10th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. BNP Paribas set a $377.00 target price on Oracle in a research note on Wednesday. Evercore ISI raised their target price on Oracle from $270.00 to $340.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, Oppenheimer reiterated an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Two research analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have given a Hold rating to the company. Based on data from MarketBeat.com, the company currently has a consensus rating of "Moderate Buy" and a consensus target price of $296.84.

Insider Buying and Selling

In other news, insider Michael D. Sicilia sold 15,880 shares of the firm's stock in a transaction that occurred on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the transaction, the insider owned 99,212 shares in the company, valued at $25,247,469.76. This trade represents a 13.80% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction that occurred 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 completion of the transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 44,183 shares of company stock valued at $10,353,198. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Down 5.1%

ORCL stock opened at $292.07 on Friday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $345.72. The company has a quick ratio of 0.75, a current ratio of 0.62 and a debt-to-equity ratio of 3.33. The stock's 50 day moving average is $244.69 and its 200-day moving average is $190.50. The firm has a market capitalization of $820.38 billion, a PE ratio of 67.61, a P/E/G ratio of 4.10 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 72.93% and a net margin of 21.08%.The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the company earned $1.63 earnings per share. The company's revenue for the quarter was up 11.3% on a year-over-year basis. Sell-side analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently announced a quarterly dividend, which will be paid on Thursday, October 23rd. Stockholders of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.7%. The ex-dividend date is Thursday, October 9th. Oracle's dividend payout ratio (DPR) is currently 46.30%.

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.

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