Cutter & CO Brokerage Inc. Makes New $467,000 Investment in Oracle Corporation (NYSE:ORCL)

Cutter & CO Brokerage Inc. purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to the company in its most recent disclosure with the SEC. The firm purchased 3,343 shares of the enterprise software provider's stock, valued at approximately $467,000.

Other institutional investors also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC purchased a new position in Oracle in the fourth quarter worth $30,000. Hurley Capital LLC acquired a new position in Oracle in the 4th quarter valued at about $33,000. Redmont Wealth Advisors LLC purchased a new position in Oracle in the 1st quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Oracle during the first quarter worth about $28,000. Finally, Iron Horse Wealth Management LLC lifted its stake in shares of Oracle by 284.9% during the first 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. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which can be accessed through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president directly owned 40,807 shares of the company's stock, valued at $9,507,622.93. This trade represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold 445,366 shares of company stock valued at $84,784,653 in the last quarter. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

NYSE ORCL traded down $1.31 during trading hours on Monday, reaching $229.25. The company's stock had a trading volume of 11,324,808 shares, compared to its average volume of 12,311,750. 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 Corporation has a 52 week low of $118.86 and a 52 week high of $241.44. The business has a 50-day simple moving average of $187.16 and a 200 day simple moving average of $166.42. The stock has a market cap of $643.93 billion, a PE ratio of 52.82, a PEG ratio of 3.45 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results 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. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the business earned $1.63 earnings per share. Oracle's revenue was up 11.3% compared to the same quarter last year. Equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders 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 annualized dividend and a yield of 0.87%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Analysts Set New Price Targets

ORCL has been the subject of several analyst reports. The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 target price (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and upped their price objective for the stock from $180.00 to $250.00 in a report on Monday, June 30th. Citigroup reissued an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. Evercore ISI lifted their price objective on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday. Finally, Barclays reaffirmed an "overweight" rating and set a $221.00 price target (up from $202.00) on shares of Oracle in a research report on Friday, June 13th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the stock has an average rating of "Moderate Buy" and an average target price of $211.37.

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.