Dakota Wealth Management Buys 7,324 Shares of Oracle Corporation (NYSE:ORCL)

Dakota Wealth Management lifted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 5.5% in the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 141,163 shares of the enterprise software provider's stock after acquiring an additional 7,324 shares during the quarter. Dakota Wealth Management's holdings in Oracle were worth $19,736,000 at the end of the most recent reporting period.

A number of other institutional investors and hedge funds also recently made changes to their positions in ORCL. Brighton Jones LLC increased its holdings in Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after purchasing an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC increased its holdings in shares of Oracle by 8.1% in the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after acquiring an additional 404 shares in the last quarter. Proficio Capital Partners LLC increased its holdings in shares of Oracle by 8.5% in the fourth quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider's stock worth $4,475,000 after acquiring an additional 2,101 shares in the last quarter. Choate Investment Advisors increased its holdings in shares of Oracle by 8.0% in the fourth quarter. Choate Investment Advisors now owns 38,282 shares of the enterprise software provider's stock worth $6,379,000 after acquiring an additional 2,833 shares in the last quarter. Finally, one8zero8 LLC bought a new stake in shares of Oracle in the fourth quarter worth about $1,837,000. Institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have issued reports on ORCL shares. KeyCorp increased their price target on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Loop Capital set a $135.00 price target on Oracle in a report on Tuesday, June 10th. Westpark Capital increased their price target on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Barclays restated an "overweight" rating and issued a $221.00 price target (up from $202.00) on shares of Oracle in a report on Friday, June 13th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Nine investment 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 MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $211.37.

Oracle Stock Performance

Shares of ORCL traded up $6.29 during mid-day trading on Wednesday, reaching $241.25. The company's stock had a trading volume of 12,544,526 shares, compared to its average volume of 10,292,134. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $241.49. The stock has a market cap of $677.64 billion, a P/E ratio of 55.59, a PEG ratio of 3.43 and a beta of 1.39. The business has a 50-day simple moving average of $190.49 and a two-hundred day simple moving average of $167.32. 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 released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating 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 analysts' expectations of $15.58 billion. During the same period last year, the firm posted $1.63 earnings per share. The business's revenue was up 11.3% on a year-over-year basis. As a group, equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced 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 is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.83%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Activity at Oracle

In other news, Director Leon E. Panetta sold 17,500 shares of the stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director owned 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred 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 owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 445,366 shares of company stock valued at $84,784,653 in the last 90 days. Corporate insiders own 42.20% of the company's stock.

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.