Brown Miller Wealth Management LLC Buys New Stake in Oracle Corporation (NYSE:ORCL)

Brown Miller Wealth Management LLC bought a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm bought 2,027 shares of the enterprise software provider's stock, valued at approximately $283,000.

A number of other large investors have also recently added to or reduced their stakes in ORCL. Vanguard Group Inc. boosted its stake in Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. FMR LLC boosted its stake in Oracle by 0.4% in the 4th quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock worth $6,332,803,000 after purchasing an additional 156,269 shares during the period. Geode Capital Management LLC boosted its stake in Oracle by 1.8% in the 4th quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock worth $5,954,961,000 after purchasing an additional 619,619 shares during the period. Franklin Resources Inc. boosted its stake in Oracle by 9.3% in the 4th quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock worth $3,366,531,000 after purchasing an additional 1,722,037 shares during the period. Finally, Northern Trust Corp boosted its stake in Oracle by 12.5% in the 4th quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after purchasing an additional 2,176,892 shares during the period. 42.44% of the stock is currently owned by institutional investors.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent analyst reports. UBS Group reaffirmed a "buy" rating and issued a $225.00 price objective (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research report on Wednesday. JMP Securities set a $240.00 target price on shares of Oracle and gave the stock a "market outperform" rating in a research report on Thursday, June 12th. Loop Capital set a $135.00 target price on shares of Oracle in a research report on Tuesday, June 10th. Finally, Mizuho cut their target price 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. Eleven investment analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $195.39.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction that occurred on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 427,366 shares of company stock worth $80,183,723. 42.20% of the stock is currently owned by company insiders.

Oracle Stock Performance

Shares of Oracle stock traded up $2.45 during trading on Wednesday, reaching $210.63. The company's stock had a trading volume of 15,046,293 shares, compared to its average volume of 9,813,170. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.02 and a current ratio of 0.75. The business's fifty day moving average price is $155.97 and its 200-day moving average price is $160.82. The firm has a market cap of $589.13 billion, a price-to-earnings ratio of 48.53, a price-to-earnings-growth ratio of 3.12 and a beta of 1.32. Oracle Corporation has a one year low of $118.86 and a one year high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. As a group, equities research analysts predict 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 will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. Oracle's payout ratio is 46.08%.

Oracle Company 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.