Catalyst Capital Advisors LLC Has $515,000 Stock Position in Oracle Corporation (NYSE:ORCL)

Catalyst Capital Advisors LLC raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 103.2% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor owned 3,686 shares of the enterprise software provider's stock after purchasing an additional 1,872 shares during the quarter. Catalyst Capital Advisors LLC's holdings in Oracle were worth $515,000 as of its most recent filing with the Securities and Exchange Commission.

Other institutional investors also recently added to or reduced their stakes in the company. Brighton Jones LLC boosted its holdings 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 worth $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC lifted 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 buying an additional 404 shares in the last quarter. Cookson Peirce & Co. Inc. lifted its holdings in Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after buying an additional 60 shares in the last quarter. Assetmark Inc. lifted its holdings in Oracle by 374.0% during the 4th quarter. Assetmark Inc. now owns 51,033 shares of the enterprise software provider's stock worth $8,504,000 after buying an additional 40,266 shares in the last quarter. Finally, Proficio Capital Partners LLC lifted its holdings in Oracle by 8.5% during the 4th quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider's stock worth $4,475,000 after buying an additional 2,101 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other news, Director Naomi O. Seligman sold 2,866 shares of the 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 transaction, the director directly owned 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction dated Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the transaction, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders have sold 440,366 shares of company stock valued at $83,103,603. Corporate insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

ORCL has been the topic of several research reports. Stephens initiated coverage on Oracle in a report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective on the stock. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a report on Wednesday, June 18th. Mizuho dropped 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. Cantor Fitzgerald dropped their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Finally, Barclays reiterated an "overweight" rating and set a $221.00 target price (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Ten equities research 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. Based on data from MarketBeat.com, the stock has a consensus rating of "Moderate Buy" and an average target price of $204.15.

Oracle Stock Down 1.8%

ORCL stock traded down $4.16 during trading hours on Monday, reaching $233.16. 11,386,078 shares of the stock were exchanged, compared to its average volume of 10,166,546. The firm's 50-day moving average is $178.14 and its 200-day moving average is $164.22. The company has a market cap of $654.90 billion, a price-to-earnings ratio of 53.69, a PEG ratio of 3.55 and a beta of 1.39. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $237.99.

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. 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 the consensus estimate of $15.58 billion. During the same period in the prior year, the business posted $1.63 EPS. The company's quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts expect that Oracle Corporation will post 5 earnings per share for the current 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 paid a dividend of $0.50 per share. 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 0.86%. Oracle's dividend payout ratio is 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.