Aurora Private Wealth Inc. Makes New Investment in Oracle Corporation (NYSE:ORCL)

Aurora Private Wealth Inc. purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm purchased 26,905 shares of the enterprise software provider's stock, valued at approximately $3,762,000.

Other hedge funds and other institutional investors have also modified their holdings of the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC acquired a new stake in Oracle during the 4th quarter worth $33,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the 1st quarter valued at $28,000. Synergy Investment Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle in the 4th quarter valued at $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity

In other news, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares of the company's stock, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 442,366 shares of company stock worth $83,395,223 in the last quarter. Corporate insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

A number of research firms recently commented on ORCL. The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 price objective (up previously from $145.00) on shares of Oracle in a report on Friday, June 13th. KeyCorp upped their price target on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 price target on shares of Oracle in a research report on Tuesday, June 10th. Evercore ISI restated a "buy" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and issued a $240.00 target price (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $197.67.

Oracle Stock Down 1.2%

Shares of ORCL traded down $2.66 during mid-day trading on Friday, hitting $210.16. 14,120,277 shares of the company's stock were exchanged, compared to its average volume of 9,949,587. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.93. The company has a market cap 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 has a 50-day simple moving average of $168.42 and a 200 day simple moving average of $162.36.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during 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 revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.63 earnings per share. On average, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. Oracle's dividend payout ratio is 46.08%.

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.