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Oracle Corporation (NYSE:ORCL) Shares Acquired by Elyxium Wealth LLC

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Elyxium Wealth LLC lifted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 126.4% during the 1st quarter, according to the company in its most recent Form 13F filing with the SEC. The institutional investor owned 8,357 shares of the enterprise software provider's stock after buying an additional 4,666 shares during the period. Elyxium Wealth LLC's holdings in Oracle were worth $1,168,000 as of its most recent SEC filing.

Several other institutional investors and hedge funds also recently made changes to their positions in the company. Redmont Wealth Advisors LLC bought a new position in Oracle during the 1st quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC lifted its position in 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 purchasing an additional 151 shares during the period. Sunbeam Capital Management LLC bought a new stake in Oracle in the 4th quarter worth approximately $30,000. Finally, Hurley Capital LLC purchased a new stake in Oracle during the 4th quarter valued at $33,000. Institutional investors own 42.44% of the company's stock.

Analyst Ratings Changes

Several equities analysts have recently weighed in on the stock. Jefferies Financial Group increased their price objective on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. JPMorgan Chase & Co. increased their price target on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Royal Bank Of Canada lifted their price target on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 price objective on Oracle in a research note on Tuesday, June 10th. Finally, Roth Capital reissued a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.

Get Our Latest Stock Analysis on ORCL

Oracle Trading Down 1.4%

ORCL stock traded down $3.45 during trading on Friday, hitting $245.30. The company had a trading volume of 9,671,806 shares, compared to its average volume of 10,370,432. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $251.60. The company has a 50 day simple moving average of $196.21 and a 200-day simple moving average of $168.95. The firm has a market capitalization of $689.01 billion, a P/E ratio of 56.52, a PEG ratio of 3.66 and a beta of 1.39. 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 (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, topping the consensus estimate of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm earned $1.63 earnings per share. As a group, research analysts forecast that Oracle Corporation will post 5 earnings per share 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 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Insider Activity at Oracle

In other Oracle news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at 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 transaction of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 448,669 shares of company stock valued at $85,555,309 over the last 90 days. Insiders own 42.20% of the company's stock.

About Oracle

(Free Report)

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.

See Also

Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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