Oracle Corporation (NYSE:ORCL) Stock Position Lifted by Copperwynd Financial LLC

Copperwynd Financial LLC increased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 25.6% during the first quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 10,928 shares of the enterprise software provider's stock after acquiring an additional 2,227 shares during the period. Copperwynd Financial LLC's holdings in Oracle were worth $1,528,000 as of its most recent SEC filing.

Other institutional investors have also recently modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new position in Oracle in the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new position in Oracle in the 1st quarter worth 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 worth $29,000 after purchasing an additional 151 shares in the last quarter. Sunbeam Capital Management LLC purchased a new position in Oracle in the 4th quarter worth approximately $30,000. Finally, Hurley Capital LLC purchased a new position in Oracle in the 4th quarter worth approximately $33,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of analysts have issued reports on the company. Guggenheim boosted their target price on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Citigroup raised Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday. Westpark Capital boosted their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research report on Thursday, June 12th. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, BMO Capital Markets boosted their target price on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, Oracle currently has a consensus rating of "Moderate Buy" and an average price target of $218.29.

Insider Buying and Selling at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 448,669 shares of company stock worth $85,555,309. 42.20% of the stock is currently owned by insiders.

Oracle Price Performance

Shares of ORCL stock traded down $3.45 during trading hours on Friday, hitting $245.30. The company's stock had a trading volume of 9,671,806 shares, compared to its average volume of 10,370,432. The business has a fifty day moving average of $196.21 and a 200-day moving average of $168.95. The stock has a market cap of $689.01 billion, a price-to-earnings ratio of 56.52, a P/E/G ratio of 3.67 and a beta of 1.39. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $251.60. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

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

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is 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.