Coordinated Financial Services Inc. CO Buys New Shares in Oracle Corporation $ORCL

Key Points

• Coordinated Financial Services Inc. has purchased 1,906 shares of Oracle Corporation, valued at approximately $266,000, as part of a growing trend where institutional investors are affecting the company's stock positions.
• Oracle's quarterly earnings exceeded analyst expectations, reporting $1.70 EPS against estimates of $1.64, along with a revenue of $15.90 billion, marking an 11.3% year-over-year increase.
• The company recently declared a quarterly dividend of $0.50 per share, representing an annualized dividend yield of 0.8%, with a current payout ratio of 46.08%.

Coordinated Financial Services Inc. CO purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to its most recent filing with the SEC. The fund purchased 1,906 shares of the enterprise software provider's stock, valued at approximately $266,000.

Other institutional investors have also made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle in the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new position in shares of Oracle in the 1st quarter valued at about $28,000. Iron Horse Wealth Management LLC boosted its holdings in shares of 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 buying an additional 151 shares during the period. Sunbeam Capital Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $36,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling

In other news, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Rona Alison Fairhead purchased 480 shares of Oracle stock in a transaction dated Monday, July 7th. The stock was bought at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. In the last quarter, insiders sold 444,183 shares of company stock worth $86,521,198. Company insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several research analysts have recently commented on the stock. Jefferies Financial Group lifted their price target on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Guggenheim lifted their price target on shares of Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Barclays lifted their price target on shares of Oracle from $221.00 to $281.00 and gave the company an "overweight" rating in a report on Monday. Finally, Loop Capital set a $135.00 price target on shares of Oracle in a report on Tuesday, June 10th. Three analysts have rated the stock with a Strong Buy rating, twenty-two have assigned a Buy rating and nine have assigned a Hold rating to the company's stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $232.61.

Oracle Stock Performance

ORCL stock traded up $5.98 during trading on Monday, reaching $238.78. 18,685,572 shares of the company's stock were exchanged, compared to its average volume of 10,036,564. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87. The company's fifty day moving average price is $239.78 and its 200-day moving average price is $187.22. The firm has a market cap of $670.70 billion, a PE ratio of 55.02, a P/E/G ratio of 3.47 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%.The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the previous year, the firm posted $1.63 EPS. The firm's quarterly revenue was up 11.3% on a year-over-year basis. On average, research analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is currently 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.