Aurora Private Wealth Inc. Takes Position in Oracle Corporation (NYSE:ORCL)

Aurora Private Wealth Inc. acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to its most recent 13F filing with the SEC. The fund acquired 26,905 shares of the enterprise software provider's stock, valued at approximately $3,762,000.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Brighton Jones LLC raised its stake in Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after buying an additional 404 shares in the last quarter. Synergy Investment Management LLC acquired a new position in shares of Oracle in the fourth quarter valued at approximately $34,000. Victory Capital Management Inc. lifted its stake in shares of Oracle by 2.1% during the fourth quarter. Victory Capital Management Inc. now owns 840,892 shares of the enterprise software provider's stock valued at $140,126,000 after buying an additional 17,346 shares during the period. Finally, Triad Wealth Partners LLC acquired a new stake in Oracle during the fourth quarter worth approximately $276,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders sold 440,366 shares of company stock valued at $83,103,603. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE:ORCL opened at $237.39 on Friday. The firm has a 50-day moving average of $176.16 and a two-hundred day moving average of $163.79. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $666.79 billion, a P/E ratio of 54.70, a PEG ratio of 3.44 and a beta of 1.39. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $237.99.

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

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. 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 presently 46.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the company. DA Davidson increased their price target on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Evercore ISI reiterated a "buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Stephens began coverage on Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target on the stock. BMO Capital Markets upped their price objective on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday. Finally, Oppenheimer reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $204.15.

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.

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