Greenup Street Wealth Management LLC Takes Position in Oracle Corporation (NYSE:ORCL)

Greenup Street Wealth Management LLC acquired a new stake in Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The firm acquired 20,676 shares of the enterprise software provider's stock, valued at approximately $2,891,000.

Several other institutional investors have also modified their holdings of the company. Luken Investment Analytics LLC increased its holdings in shares of Oracle by 36.8% in the 1st quarter. Luken Investment Analytics LLC now owns 372 shares of the enterprise software provider's stock valued at $52,000 after acquiring an additional 100 shares during the period. Johnson Investment Counsel Inc. lifted its position in Oracle by 1.2% during the 1st quarter. Johnson Investment Counsel Inc. now owns 140,902 shares of the enterprise software provider's stock worth $19,700,000 after acquiring an additional 1,638 shares during the period. Beacon Capital Management LLC raised its stake in shares of Oracle by 15.0% during the first quarter. Beacon Capital Management LLC now owns 2,990 shares of the enterprise software provider's stock worth $418,000 after purchasing an additional 389 shares during the last quarter. Aspiriant LLC lifted its holdings in shares of Oracle by 1.5% during the first quarter. Aspiriant LLC now owns 20,066 shares of the enterprise software provider's stock worth $2,805,000 after purchasing an additional 305 shares during the period. Finally, State of Alaska Department of Revenue increased its stake in Oracle by 31.6% in the 1st quarter. State of Alaska Department of Revenue now owns 241,113 shares of the enterprise software provider's stock valued at $33,709,000 after buying an additional 57,855 shares during the period. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Price Performance

Shares of ORCL stock traded up $2.45 during midday trading on Thursday, reaching $210.63. 15,046,293 shares of the company were exchanged, compared to its average volume of 9,813,175. The company's 50 day moving average price is $157.39 and its two-hundred day moving average price is $161.16. The company has a debt-to-equity ratio of 4.07, a quick ratio of 1.02 and a current ratio of 0.75. The company has a market cap of $589.13 billion, a P/E ratio of 48.53, a PEG ratio of 3.12 and a beta of 1.32. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating 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%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the firm earned $1.63 EPS. On average, sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.95%. Oracle's dividend payout ratio (DPR) is 46.08%.

Insider Activity

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of Oracle stock in a transaction that occurred on Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now directly owns 34,630 shares in the company, valued at approximately $5,049,400.30. The trade was a 5.46% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction on 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 transaction, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 427,366 shares of company stock worth $80,183,723. Insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

Several research firms have issued reports on ORCL. Stephens started coverage on Oracle in a research report on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price objective for the company. Citigroup restated an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. Roth Capital reissued a "hold" rating on shares of Oracle in a research note on Wednesday. KeyCorp lifted their price objective on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Finally, Loop Capital set a $135.00 price objective on shares of Oracle in a research report on Tuesday, June 10th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and a consensus target price 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.