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Aveo Capital Partners LLC Purchases 1,061 Shares of Oracle Corporation (NYSE:ORCL)

Oracle logo with Computer and Technology background

Key Points

  • Aveo Capital Partners LLC increased its holdings in Oracle Corporation by 47.0%, now owning a total of 3,318 shares valued at $496,000.
  • Oracle's stock has received positive assessments, with several analysts raising their price targets, including UBS’s increase to $280.00, reflecting an average rating of "Moderate Buy".
  • The company recently announced a quarterly dividend of $0.50 per share, marking a 0.8% yield, with a dividend payout ratio of 46.08%.
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Aveo Capital Partners LLC boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 47.0% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 3,318 shares of the enterprise software provider's stock after buying an additional 1,061 shares during the period. Aveo Capital Partners LLC's holdings in Oracle were worth $496,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC lifted its holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Sunbeam Capital Management LLC purchased a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle during the fourth quarter valued at approximately $36,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

NYSE:ORCL traded up $0.65 during trading hours on Friday, reaching $250.04. The company had a trading volume of 8,301,832 shares, compared to its average volume of 10,261,765. The company has a current ratio of 0.75, a quick 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 $260.87. The firm has a market cap of $702.32 billion, a price-to-earnings ratio of 57.61, a PEG ratio of 3.73 and a beta of 1.43. The firm's 50 day moving average price is $222.64 and its 200-day moving average price is $177.75.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results 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 net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The firm's revenue was up 11.3% on a year-over-year basis. On average, analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Analyst Ratings Changes

Several equities analysts have recently issued reports on the stock. The Goldman Sachs Group reiterated a "neutral" rating and set a $195.00 target price (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Citigroup upgraded shares of Oracle from a "hold" rating to a "strong-buy" rating in a report on Friday, July 18th. JMP Securities boosted their price objective on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a report on Friday, July 18th. CIBC restated a "buy" rating on shares of Oracle in a report on Monday, June 9th. Finally, Barclays restated an "overweight" rating and issued a $221.00 price objective (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $222.75.

View Our Latest Analysis on Oracle

Insider Transactions at Oracle

In other news, insider Michael D. Sicilia sold 15,880 shares of the company's stock in a transaction 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 completion of the sale, the insider directly owned 99,212 shares in the company, valued at $25,247,469.76. This represents a 13.80% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 444,183 shares of company stock worth $86,521,198 over the last three months. 42.20% of the stock is currently owned by insiders.

Oracle Profile

(Free Report)

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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