Atlantic Edge Private Wealth Management LLC Grows Holdings in Oracle Corporation (NYSE:ORCL)

Atlantic Edge Private Wealth Management LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 1,099.1% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 19,701 shares of the enterprise software provider's stock after buying an additional 18,058 shares during the period. Atlantic Edge Private Wealth Management LLC's holdings in Oracle were worth $2,754,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Several other institutional investors and hedge funds have also made changes to their positions in ORCL. Vanguard Group Inc. boosted its stake in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. FMR LLC increased its position in Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after buying an additional 156,269 shares during the period. Geode Capital Management LLC increased its position in Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after buying an additional 619,619 shares during the period. Franklin Resources Inc. lifted its stake in Oracle by 9.3% in the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after buying an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp boosted its holdings in shares of Oracle by 12.5% in the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock valued at $3,269,566,000 after acquiring an additional 2,176,892 shares during the period. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analyst Weigh In

A number of equities analysts have recently issued reports on the stock. TD Cowen raised their target price on shares of Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday. JMP Securities set a $240.00 price objective on shares of Oracle and gave the stock a "market outperform" rating in a research report on Thursday, June 12th. Loop Capital set a $135.00 price target on Oracle in a report on Tuesday, June 10th. BMO Capital Markets boosted their price target on shares of Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Wednesday. Finally, UBS Group set a $250.00 price objective on shares of Oracle and gave the company a "buy" rating in a research report on Wednesday, June 25th. Ten research analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to data from MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and an average price target of $204.15.

Insider Buying and Selling at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the firm's 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 transaction, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director directly owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 440,366 shares of company stock worth $83,103,603 over the last three months. 42.20% of the stock is currently owned by insiders.

Oracle Trading Up 3.2%

Oracle stock traded up $7.41 during midday trading on Friday, reaching $237.39. The stock had a trading volume of 18,441,376 shares, compared to its average volume of 10,159,668. The stock's 50-day simple moving average is $178.14 and its 200 day simple moving average is $164.25. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $237.99. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The stock has a market capitalization of $666.79 billion, a PE ratio of 54.70, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 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 company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the business posted $1.63 EPS. The company's quarterly revenue was up 11.3% compared to the same quarter last year. Analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.84%. Oracle's dividend payout ratio is currently 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.