Castle Wealth Management LLC Raises Stock Holdings in Oracle Corporation (NYSE:ORCL)

Castle Wealth Management LLC raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 14.6% during the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,803 shares of the enterprise software provider's stock after acquiring an additional 1,252 shares during the quarter. Castle Wealth Management LLC's holdings in Oracle were worth $1,371,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds have also recently modified their holdings of the company. North Capital Inc. bought a new position in shares of Oracle during the 1st quarter worth $297,000. D.A. Davidson & CO. boosted its holdings in Oracle by 5.6% in the 1st quarter. D.A. Davidson & CO. now owns 103,357 shares of the enterprise software provider's stock worth $14,450,000 after buying an additional 5,447 shares during the period. Principal Financial Group Inc. boosted its holdings in shares of Oracle by 10.6% in the first quarter. Principal Financial Group Inc. now owns 2,437,951 shares of the enterprise software provider's stock worth $340,850,000 after acquiring an additional 234,381 shares during the period. Oregon Public Employees Retirement Fund grew its position in shares of Oracle by 1.1% in the first quarter. Oregon Public Employees Retirement Fund now owns 139,313 shares of the enterprise software provider's stock valued at $19,477,000 after purchasing an additional 1,539 shares in the last quarter. Finally, Clark Asset Management LLC raised its stake in shares of Oracle by 31.1% during the 1st quarter. Clark Asset Management LLC now owns 1,860 shares of the enterprise software provider's stock valued at $260,000 after purchasing an additional 441 shares during the period. 42.44% of the stock is owned by institutional investors.

Insiders Place Their Bets

In other news, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director directly owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction dated 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 sale, the director directly owned 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock valued at $83,103,603 over the last three months. 42.20% of the stock is currently owned by corporate insiders.

Wall Street Analysts Forecast Growth

Several research analysts have commented on ORCL shares. Royal Bank Of Canada raised their target price on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. KeyCorp raised their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Mizuho reduced their price objective on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. CIBC reiterated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Finally, Stephens began coverage on shares of Oracle in a report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target for the company. 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 company's stock. Based on data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $204.15.

Oracle Trading Up 3.2%

Shares of NYSE ORCL traded up $7.41 during mid-day trading on Thursday, hitting $237.39. The stock had a trading volume of 18,441,376 shares, compared to its average volume of 10,140,491. The business has a 50 day moving average price of $174.16 and a two-hundred day moving average price of $163.33. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $237.94. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market cap of $666.79 billion, a P/E ratio of 54.70, a price-to-earnings-growth ratio of 3.44 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings data 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. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $1.63 earnings per share. On average, equities analysts anticipate that Oracle Corporation will post 5 EPS 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 given a $0.50 dividend. 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 0.84%. Oracle's dividend payout ratio is currently 46.08%.

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.