Brookwood Investment Group LLC Buys Shares of 6,685 Oracle Corporation (NYSE:ORCL)

Brookwood Investment Group LLC acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 6,685 shares of the enterprise software provider's stock, valued at approximately $935,000.

Other institutional investors also recently modified their holdings of the company. Brighton Jones LLC boosted its stake in shares of Oracle by 189.3% in the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC grew its holdings in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after acquiring an additional 404 shares during the period. Virtu Financial LLC acquired a new stake in Oracle during the 4th quarter worth $309,000. Murphy & Mullick Capital Management Corp bought a new stake in shares of Oracle during the 4th quarter valued at $163,000. Finally, Financial Engines Advisors L.L.C. lifted its stake in shares of Oracle by 32.0% in the 4th quarter. Financial Engines Advisors L.L.C. now owns 7,849 shares of the enterprise software provider's stock valued at $1,308,000 after purchasing an additional 1,904 shares during the period. Institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ORCL. Guggenheim upped their price objective on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Mizuho lowered their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Westpark Capital lifted their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Scotiabank began coverage on shares of Oracle in a research note on Thursday, July 17th. They issued a "sector outperform" rating and a $300.00 target price for the company. Finally, KeyCorp increased their target price on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $218.29.

Oracle Stock Performance

Shares of ORCL traded up $2.22 during midday trading on Friday, reaching $245.05. 7,146,126 shares of the stock were exchanged, compared to its average volume of 13,472,494. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The stock's 50 day simple moving average is $204.42 and its 200 day simple moving average is $171.59. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $251.60. The company has a market cap of $688.31 billion, a P/E ratio of 56.46, a PEG ratio of 3.62 and a beta of 1.39.

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 (EPS) for the quarter, beating 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 firm 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 business's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. The ex-dividend date was Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.82%. Oracle's dividend payout ratio is presently 46.08%.

Insider Transactions at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the 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 sale, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This trade represents a 19.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director directly owned 58,090 shares in the company, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders sold 448,669 shares of company stock worth $85,555,309. Corporate insiders own 42.20% of the company's stock.

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.