Daymark Wealth Partners LLC Has $14.42 Million Holdings in Oracle Corporation (NYSE:ORCL)

Daymark Wealth Partners LLC increased its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 2.4% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The fund owned 103,128 shares of the enterprise software provider's stock after buying an additional 2,374 shares during the quarter. Daymark Wealth Partners LLC's holdings in Oracle were worth $14,418,000 as of its most recent SEC filing.

Other large investors also recently made changes to their positions in the company. S.A. Mason LLC lifted its holdings in Oracle by 1.1% during the 1st quarter. S.A. Mason LLC now owns 9,538 shares of the enterprise software provider's stock valued at $1,333,000 after purchasing an additional 103 shares during the last quarter. Global Assets Advisory LLC lifted its holdings in Oracle by 107.5% during the 1st quarter. Global Assets Advisory LLC now owns 7,707 shares of the enterprise software provider's stock valued at $1,044,000 after purchasing an additional 3,992 shares during the last quarter. International Assets Investment Management LLC lifted its holdings in Oracle by 9.4% during the 1st quarter. International Assets Investment Management LLC now owns 14,241 shares of the enterprise software provider's stock valued at $1,991,000 after purchasing an additional 1,221 shares during the last quarter. Cornerstone Wealth Group LLC lifted its holdings in Oracle by 2.8% during the 1st quarter. Cornerstone Wealth Group LLC now owns 16,951 shares of the enterprise software provider's stock valued at $2,370,000 after purchasing an additional 464 shares during the last quarter. Finally, Vectors Research Management LLC lifted its holdings in Oracle by 29.3% during the 1st quarter. Vectors Research Management LLC now owns 32,314 shares of the enterprise software provider's stock valued at $4,518,000 after purchasing an additional 7,313 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analysts Set New Price Targets

ORCL has been the subject of several research reports. CIBC reaffirmed a "buy" rating on shares of Oracle in a report on Monday, June 9th. Jefferies Financial Group increased their price objective on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. BMO Capital Markets upgraded Oracle from a "market perform" rating to an "outperform" rating and increased their price objective for the stock from $200.00 to $235.00 in a research report on Friday, June 13th. Loop Capital set a $135.00 price objective on Oracle in a research report on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average price target of $196.74.

Insider Activity

In related 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 value of $76,168,000.00. Following the transaction, the insider now directly owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction that occurred 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 directly owns 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 442,366 shares of company stock valued at $83,395,223. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

NYSE:ORCL opened at $215.39 on Wednesday. The stock's 50-day simple moving average is $163.48 and its 200 day simple moving average is $161.64. The firm has a market capitalization of $604.99 billion, a PE ratio of 49.63, a price-to-earnings-growth ratio of 3.10 and a beta of 1.32. 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 twelve month low of $118.86 and a twelve month high of $216.60.

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 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 analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. Oracle's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the firm posted $1.63 earnings per share. On average, analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.93%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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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