Birchcreek Wealth Management LLC Buys 1,105 Shares of Oracle Corporation (NYSE:ORCL)

Birchcreek Wealth Management LLC grew its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 25.1% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 5,516 shares of the enterprise software provider's stock after buying an additional 1,105 shares during the quarter. Birchcreek Wealth Management LLC's holdings in Oracle were worth $771,000 as of its most recent filing with the Securities and Exchange Commission.

Other large investors have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC grew its stake 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 bought a new stake in shares of Oracle during the fourth quarter valued at approximately $30,000. Finally, Hurley Capital LLC bought a new stake in shares of Oracle during the fourth quarter valued at approximately $33,000. 42.44% of the stock is owned by institutional investors.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction dated Tuesday, June 17th. The shares were 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 directly 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 disclosure for this sale can be found here. In the last ninety days, insiders sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is owned by insiders.

Analysts Set New Price Targets

Several research firms have recently commented on ORCL. Jefferies Financial Group increased their price target on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a research note on Monday, June 9th. BMO Capital Markets increased their price target on shares of Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. JPMorgan Chase & Co. increased their price objective on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. CIBC restated a "buy" rating on shares of Oracle in a report on Monday, June 9th. Finally, Stifel Nicolaus upgraded shares of Oracle from a "hold" rating to a "buy" rating and increased their price objective for the company from $180.00 to $250.00 in a report on Monday, June 30th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average target price of $218.29.

Oracle Stock Up 0.3%

ORCL stock traded up $0.74 during midday trading on Thursday, hitting $242.64. The company's stock had a trading volume of 8,229,157 shares, compared to its average volume of 13,587,158. 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 twelve month low of $118.86 and a twelve month high of $251.60. The company's fifty day moving average price is $202.72 and its 200 day moving average price is $171.02. The stock has a market capitalization of $681.53 billion, a P/E ratio of 55.91, a PEG ratio of 3.61 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the business earned $1.63 EPS. The company's revenue was up 11.3% compared to the same quarter last year. As a group, equities research analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid 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 0.82%. Oracle's payout ratio is currently 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.