Clarus Group Inc. Acquires New Position in Oracle Corporation (NYSE:ORCL)

Clarus Group Inc. acquired a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The firm acquired 2,197 shares of the enterprise software provider's stock, valued at approximately $307,000.

A number of other large investors also recently modified their holdings of ORCL. Cookson Peirce & Co. Inc. increased its stake in shares of Oracle by 4.4% during the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after acquiring an additional 60 shares during the last quarter. Greenwood Gearhart Inc. boosted its position in Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after purchasing an additional 66 shares during the period. WorthPointe LLC boosted its position in Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after purchasing an additional 67 shares during the period. CORDA Investment Management LLC. boosted its position in Oracle by 0.9% during the 4th quarter. CORDA Investment Management LLC. now owns 7,966 shares of the enterprise software provider's stock worth $1,328,000 after purchasing an additional 68 shares during the period. Finally, Stage Harbor Financial LLC boosted its position in Oracle by 5.0% during the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after purchasing an additional 68 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Down 1.2%

Shares of Oracle stock opened at $210.16 on Friday. The business's fifty day moving average price is $168.42 and its two-hundred day moving average price is $162.36. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The company has a market capitalization of $590.31 billion, a P/E ratio of 48.42, a PEG ratio of 3.19 and a beta of 1.32. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $216.93.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate 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 quarter in the previous year, the business earned $1.63 EPS. As a group, research analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company 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 $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ORCL. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. BMO Capital Markets raised shares of Oracle from a "market perform" rating to an "outperform" rating and upped their price target for the stock from $200.00 to $235.00 in a research report on Friday, June 13th. Bank of America upped their price objective on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Finally, CIBC reaffirmed a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $197.67.

Insider Transactions at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is available through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider now owns 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 442,366 shares of company stock valued at $83,395,223. 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.

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