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

Brookstone Capital Management increased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 286.3% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 105,285 shares of the enterprise software provider's stock after buying an additional 78,027 shares during the quarter. Brookstone Capital Management's holdings in Oracle were worth $14,720,000 at the end of the most recent quarter.

Other institutional investors also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC acquired a new position in shares of Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle in the 1st quarter worth approximately $28,000. Sunbeam Capital Management LLC acquired a new position in shares of Oracle in the 4th quarter worth approximately $30,000. Hurley Capital LLC acquired a new position in shares of Oracle in the 4th quarter worth approximately $33,000. Finally, Synergy Investment Management LLC acquired a new position in shares of Oracle in the 4th quarter worth approximately $34,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the 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 in the company, valued at $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction dated 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 owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 440,366 shares of company stock valued at $83,103,603. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Down 2.1%

NYSE ORCL traded down $5.02 on Monday, reaching $232.30. The company had a trading volume of 16,061,923 shares, compared to its average volume of 10,185,362. The firm has a market capitalization of $652.49 billion, a price-to-earnings ratio of 53.53, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $237.99. The company's fifty day moving average is $179.98 and its 200-day moving average is $164.65.

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

Oracle Announces Dividend

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 of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.86%. Oracle's dividend payout ratio is 46.08%.

Analyst Ratings Changes

ORCL has been the topic of several recent analyst reports. Jefferies Financial Group boosted their target price on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. Citigroup restated an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Mizuho dropped their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Finally, KeyCorp boosted their price objective on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. Ten investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average target price of $204.15.

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.