Florida Financial Advisors LLC Purchases 2,258 Shares of Oracle Corporation (NYSE:ORCL)

Florida Financial Advisors LLC raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 69.1% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 5,524 shares of the enterprise software provider's stock after acquiring an additional 2,258 shares during the period. Florida Financial Advisors LLC's holdings in Oracle were worth $772,000 as of its most recent SEC filing.

Several other hedge funds have also recently bought and sold shares of the stock. Bleakley Financial Group LLC increased its stake in shares of Oracle by 9.3% in the 1st quarter. Bleakley Financial Group LLC now owns 44,010 shares of the enterprise software provider's stock valued at $6,153,000 after buying an additional 3,762 shares during the period. Key Financial Inc boosted its stake in shares of Oracle by 1.7% in the 1st quarter. Key Financial Inc now owns 6,627 shares of the enterprise software provider's stock valued at $927,000 after purchasing an additional 111 shares during the last quarter. Pointe Capital Management LLC grew its position in shares of Oracle by 2.7% during the 1st quarter. Pointe Capital Management LLC now owns 8,059 shares of the enterprise software provider's stock worth $1,127,000 after buying an additional 215 shares during the period. Zullo Investment Group Inc. raised its stake in shares of Oracle by 6.1% during the first quarter. Zullo Investment Group Inc. now owns 2,331 shares of the enterprise software provider's stock worth $326,000 after buying an additional 133 shares during the last quarter. Finally, Whitener Capital Management Inc. grew its holdings in Oracle by 1.8% during the 1st quarter. Whitener Capital Management Inc. now owns 4,868 shares of the enterprise software provider's stock worth $681,000 after acquiring an additional 85 shares during the period. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Oracle Stock Down 0.6%

ORCL traded down $1.31 on Monday, hitting $229.25. 11,324,808 shares of the company were exchanged, compared to its average volume of 12,311,750. The stock's fifty day moving average is $187.16 and its 200-day moving average is $166.42. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $241.44. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company 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 analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. During the same quarter last year, the company posted $1.63 earnings per share. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. Equities research analysts predict that Oracle Corporation will post 5 EPS 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 0.87%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insiders Place Their Bets

In related news, Director Rona Alison Fairhead acquired 480 shares of the stock in a transaction on Monday, July 7th. The shares were purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director directly owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the SEC, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction on 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 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 ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 445,366 shares of company stock worth $84,784,653 over the last three months. 42.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of research analysts have recently weighed in on ORCL shares. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and increased their price target for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Piper Sandler upgraded Oracle from a "neutral" rating to an "overweight" rating and boosted their target price for the stock from $190.00 to $270.00 in a research report on Thursday. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. TD Cowen upped their target price on shares of Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a research note on Thursday, July 3rd. Finally, DA Davidson lifted their price target on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and a consensus 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.