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 Form 13F filing with the SEC. The fund owned 105,285 shares of the enterprise software provider's stock after acquiring an additional 78,027 shares during the quarter. Brookstone Capital Management's holdings in Oracle were worth $14,720,000 as of its most recent filing with the SEC.
A number of other hedge funds have also recently bought and sold shares of ORCL. Catalyst Capital Advisors LLC increased its stake in Oracle by 103.2% during the 1st quarter. Catalyst Capital Advisors LLC now owns 3,686 shares of the enterprise software provider's stock worth $515,000 after buying an additional 1,872 shares during the period. Global Wealth Management Investment Advisory Inc. increased its stake in Oracle by 7.2% during the 1st quarter. Global Wealth Management Investment Advisory Inc. now owns 28,211 shares of the enterprise software provider's stock worth $3,944,000 after buying an additional 1,903 shares during the period. SMART Wealth LLC increased its stake in Oracle by 31.0% during the 1st quarter. SMART Wealth LLC now owns 11,490 shares of the enterprise software provider's stock worth $1,606,000 after buying an additional 2,716 shares during the period. Harel Insurance Investments & Financial Services Ltd. increased its stake in Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after buying an additional 107,404 shares during the period. Finally, IFM Investors Pty Ltd increased its stake in Oracle by 8.8% during the 1st quarter. IFM Investors Pty Ltd now owns 334,930 shares of the enterprise software provider's stock worth $46,827,000 after buying an additional 27,065 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.
Analysts Set New Price Targets
Several research firms recently issued reports on ORCL. Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a research note on Wednesday, June 18th. KeyCorp lifted their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Mizuho dropped their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and boosted their target price for the stock from $180.00 to $250.00 in a research report on Monday, June 30th. Finally, Royal Bank Of Canada boosted their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. Ten 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 data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $204.15.
Check Out Our Latest Report on ORCL
Oracle Stock Performance
Shares of NYSE:ORCL traded up $7.41 on Friday, hitting $237.39. The company had a trading volume of 18,441,376 shares, compared to its average volume of 10,140,491. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock has a 50 day moving average price of $178.14 and a 200 day moving average price of $164.26. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $237.99. The stock has a market cap of $666.79 billion, a price-to-earnings ratio of 54.70, a P/E/G ratio of 3.55 and a beta of 1.39.
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, 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 business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same period in the prior year, the company posted $1.63 earnings per share. Oracle's revenue was up 11.3% compared to the same quarter last year. Analysts expect that Oracle Corporation will post 5 EPS for the current year.
Oracle Dividend Announcement
The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. Oracle's dividend payout ratio (DPR) is presently 46.08%.
Insider Buying and Selling at Oracle
In related news, Director Naomi O. Seligman sold 2,866 shares of the company's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the completion of the sale, the director owned 31,764 shares of the company's stock, valued at $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director directly owned 58,090 shares of the company's stock, valued at $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 440,366 shares of company stock valued at $83,103,603. 42.20% of the stock is currently owned by insiders.
About Oracle
(
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.
See Also
Before you consider Oracle, you'll want to hear this.
MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Oracle wasn't on the list.
While Oracle currently has a Moderate Buy rating among analysts, top-rated analysts believe these five stocks are better buys.
View The Five Stocks Here
Nuclear energy stocks are roaring. It's the hottest energy sector of the year. Cameco Corp, Paladin Energy, and BWX Technologies were all up more than 40% in 2024. The biggest market moves could still be ahead of us, and there are seven nuclear energy stocks that could rise much higher in the next several months. To unlock these tickers, enter your email address below.
Get This Free Report
