Brookstone Capital Management Acquires 78,027 Shares of Oracle Corporation (NYSE:ORCL)

Brookstone Capital Management increased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 286.3% in the 1st quarter, according to its most recent 13F filing with the SEC. The firm owned 105,285 shares of the enterprise software provider's stock after buying an additional 78,027 shares during the period. Brookstone Capital Management's holdings in Oracle were worth $14,720,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also modified their holdings of the business. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter worth about $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle during the first quarter valued at approximately $28,000. Sunbeam Capital Management LLC acquired a new stake in Oracle during the fourth quarter valued at approximately $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle during the fourth quarter valued at approximately $33,000. Finally, Synergy Investment Management LLC acquired a new stake in shares of Oracle during the fourth quarter valued at approximately $34,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Price Performance

ORCL traded up $7.41 during midday trading on Friday, hitting $237.39. The company had a trading volume of 18,441,376 shares, compared to its average volume of 10,159,668. 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 company has a market capitalization of $666.79 billion, a PE ratio of 54.70, a P/E/G ratio of 3.55 and a beta of 1.39. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $237.99. The firm's 50-day simple moving average is $178.14 and its 200-day simple moving average is $164.25.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter last year, the company posted $1.63 EPS. The company's quarterly revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Insider Activity

In related news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction that occurred on 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 transaction, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred 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 transaction, the director directly owned 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their position. The disclosure for this sale can be found here. Insiders sold 440,366 shares of company stock worth $83,103,603 over the last quarter. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several research analysts have weighed in on ORCL shares. Roth Capital reiterated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. UBS Group set a $250.00 price target on shares of Oracle and gave the stock a "buy" rating in a research note on Wednesday, June 25th. CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. Piper Sandler reissued a "neutral" rating and issued a $130.00 price target on shares of Oracle in a report on Wednesday, June 11th. Finally, Westpark Capital increased their price target on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Ten equities research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average 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.