Geneos Wealth Management Inc. Has $4.25 Million Position in Oracle Corporation (NYSE:ORCL)

Key Points

• Geneos Wealth Management Inc. increased its stake in Oracle Corporation by 42.2%, acquiring an additional 9,016 shares for a total of 30,368 shares valued at approximately $4.25 million.
• Oracle Corporation reported earnings of $1.70 per share for the recent quarter, exceeding analyst expectations, and experienced a 11.3% year-over-year increase in revenue, reaching $15.90 billion.
• The company's board recently declared a quarterly dividend of $0.50 per share, which translates to an annualized dividend of $2.00 and a yield of 0.80%.

Geneos Wealth Management Inc. raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 42.2% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 30,368 shares of the enterprise software provider's stock after acquiring an additional 9,016 shares during the period. Geneos Wealth Management Inc.'s holdings in Oracle were worth $4,246,000 as of its most recent SEC filing.

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

Insiders Place Their Bets

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's 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 sale, the insider owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction on 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 sale, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 448,669 shares of company stock worth $85,555,309 in the last ninety days. 42.20% of the stock is owned by insiders.

Oracle Trading Up 0.2%

Shares of Oracle stock traded up $0.56 on Wednesday, reaching $250.54. 8,386,083 shares of the company were exchanged, compared to its average volume of 11,441,882. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $253.07. The stock has a fifty day moving average price of $209.84 and a 200-day moving average price of $173.44. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $703.72 billion, a price-to-earnings ratio of 57.73, a price-to-earnings-growth ratio of 3.73 and a beta of 1.39.

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. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the business earned $1.63 EPS. The company's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio is 46.08%.

Wall Street Analyst Weigh In

Several equities analysts have weighed in on ORCL shares. Royal Bank Of Canada raised their target price on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a report on Thursday, June 12th. Westpark Capital boosted their target price on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Roth Capital reiterated a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. JPMorgan Chase & Co. upped their target price on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Finally, UBS Group upped their target price on shares of Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research note on Thursday, July 17th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have assigned a strong buy rating to the company. According to MarketBeat.com, the company currently has an average rating of "Moderate Buy" and an average price target of $218.29.

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.