Ascent Wealth Partners LLC Buys 1,158 Shares of Oracle Corporation (NYSE:ORCL)

Ascent Wealth Partners LLC lifted its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 1.8% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The institutional investor owned 66,591 shares of the enterprise software provider's stock after acquiring an additional 1,158 shares during the quarter. Oracle makes up approximately 1.2% of Ascent Wealth Partners LLC's holdings, making the stock its 24th largest holding. Ascent Wealth Partners LLC's holdings in Oracle were worth $9,310,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also modified their holdings of the business. Greenwood Gearhart Inc. boosted its holdings in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares in the last quarter. WorthPointe LLC lifted its holdings in Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after buying an additional 67 shares in the last quarter. Stage Harbor Financial LLC lifted its holdings in Oracle by 5.0% during the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after buying an additional 68 shares in the last quarter. Prestige Wealth Management Group LLC lifted its holdings in Oracle by 0.6% during the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock worth $1,881,000 after buying an additional 70 shares in the last quarter. Finally, Hurlow Wealth Management Group Inc. lifted its holdings in Oracle by 1.7% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock worth $691,000 after buying an additional 70 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. Guggenheim upped their price objective on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Bank of America upped their target price on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Roth Capital reiterated a "hold" rating on shares of Oracle in a research report on Wednesday, June 18th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Loop Capital set a $135.00 target price on shares of Oracle in a research report on Tuesday, June 10th. Nine equities research analysts have rated the stock with a hold rating, twenty-four have assigned a buy rating and two have given a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and an average target price of $218.29.

Oracle Trading Down 1.4%

Shares of ORCL traded down $3.45 during trading hours on Friday, reaching $245.30. The stock had a trading volume of 9,671,806 shares, compared to its average volume of 10,336,026. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $251.60. The firm has a 50-day moving average of $194.31 and a 200 day moving average of $168.39. The company has a market cap of $689.01 billion, a P/E ratio of 56.52, a P/E/G ratio of 3.61 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released its 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. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company earned $1.63 EPS. On average, sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Insider Activity

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction dated 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 trade represents a 23.15% decrease in their position. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is currently owned by insiders.

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.