Capital Impact Advisors LLC Invests $11.91 Million in Oracle Corporation $ORCL

Key Points

• Capital Impact Advisors LLC has invested $11.91 million in Oracle Corporation by acquiring 85,213 shares, making it the firm's fourth largest position in its portfolio.
• Insider trading activity saw Director Naomi O. Seligman and EVP Maria Smith sell shares, resulting in a combined total of 444,183 shares sold valued at over $86 million in the past three months.
• Analysts have raised their price targets for Oracle, with JMP Securities setting a new target of $315.00 and a consensus rating of "Moderate Buy," indicating positive sentiment towards the stock.

Capital Impact Advisors LLC purchased a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to the company in its most recent disclosure with the SEC. The institutional investor purchased 85,213 shares of the enterprise software provider's stock, valued at approximately $11,914,000. Oracle accounts for about 4.6% of Capital Impact Advisors LLC's portfolio, making the stock its 4th largest position.

A number of other institutional investors and hedge funds also recently made changes to their positions in the company. Sunbeam Capital Management LLC bought a new position in Oracle in the 4th quarter valued at approximately $30,000. Redmont Wealth Advisors LLC bought a new position in Oracle in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the 1st quarter valued at approximately $28,000. Iron Horse Wealth Management LLC lifted its stake in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new position in Oracle in the 4th quarter valued at approximately $36,000. Institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the firm's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total value of $770,655.96. Following the completion of the sale, the director directly owned 31,447 shares in the company, valued at approximately $7,337,214.04. This trade represents a 9.51% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president directly owned 40,807 shares in the company, valued at $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is currently owned by corporate insiders.

Analysts Set New Price Targets

Several equities analysts recently commented on ORCL shares. JMP Securities increased their price objective on shares of Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research note on Friday, July 18th. Barclays increased their price objective on shares of Oracle from $221.00 to $281.00 and gave the company an "overweight" rating in a research note on Monday. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Citigroup reissued an "outperform" rating on shares of Oracle in a research note on Wednesday. Finally, Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $240.00 price target (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Two investment analysts have rated the stock with a Strong Buy rating, twenty-five have assigned a Buy rating and eight have issued a Hold rating to the company's stock. According to data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average price target of $264.14.

Oracle Trading Up 1.3%

ORCL opened at $241.67 on Wednesday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. 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 company has a fifty day moving average of $240.23 and a 200-day moving average of $187.60. The stock has a market cap of $678.81 billion, a PE ratio of 55.68, a price-to-earnings-growth ratio of 3.56 and a beta of 1.46.

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, topping 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 company had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the prior year, the company posted $1.63 earnings per share. Oracle's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, October 23rd. Shareholders of record on Thursday, October 9th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. Oracle's payout ratio is 46.08%.

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.

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