Good Steward Wealth Advisors LLC Invests $666,000 in Oracle Corporation (NYSE:ORCL)

Good Steward Wealth Advisors LLC purchased a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to the company in its most recent filing with the SEC. The institutional investor purchased 4,762 shares of the enterprise software provider's stock, valued at approximately $666,000.

Several other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. Cookson Peirce & Co. Inc. lifted its stake in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after buying an additional 60 shares in the last quarter. New England Capital Financial Advisors LLC increased its holdings in Oracle by 6.4% during the 4th quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock worth $177,000 after purchasing an additional 64 shares in the last quarter. Cape ANN Savings Bank raised its stake in shares of Oracle by 1.1% in the fourth quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock worth $970,000 after purchasing an additional 65 shares during the last quarter. Greenwood Gearhart Inc. lifted its holdings in shares of Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after purchasing an additional 66 shares in the last quarter. Finally, WorthPointe LLC boosted its position in shares of Oracle by 4.0% during the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after buying an additional 67 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insiders Place Their Bets

In related news, Director Naomi O. Seligman sold 2,000 shares of the business's stock in a transaction dated Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total transaction of $291,620.00. Following the completion of the transaction, the director now directly owns 34,630 shares in the company, valued at $5,049,400.30. The trade was a 5.46% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider now directly owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 427,366 shares of company stock worth $80,183,723 in the last three months. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

Shares of Oracle stock traded down $5.82 during trading hours on Friday, reaching $205.06. The company had a trading volume of 20,826,667 shares, compared to its average volume of 9,857,232. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02. Oracle Corporation has a one year low of $118.86 and a one year high of $216.60. The firm has a market cap of $573.53 billion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 3.16 and a beta of 1.32. The business has a fifty day simple moving average of $158.93 and a 200 day simple moving average of $161.36.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter last year, the company earned $1.63 EPS. The firm's revenue was up 11.3% compared to the same quarter last year. On average, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.98%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of analyst reports. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Royal Bank Of Canada upped their target price 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. Cowen reissued a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Roth Capital restated a "hold" rating on shares of Oracle in a report on Wednesday. Finally, Westpark Capital increased their price objective on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have issued a strong buy rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus price target of $196.74.

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.