Guild Investment Management Inc. Purchases 5,070 Shares of Oracle Corporation (NYSE:ORCL)

Guild Investment Management Inc. grew its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 58.9% during the 1st quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 13,676 shares of the enterprise software provider's stock after buying an additional 5,070 shares during the quarter. Oracle makes up about 2.0% of Guild Investment Management Inc.'s investment portfolio, making the stock its 22nd biggest position. Guild Investment Management Inc.'s holdings in Oracle were worth $1,912,000 at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also modified their holdings of ORCL. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC increased its stake in shares of Oracle by 284.9% in the 1st 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 during the period. Sunbeam Capital Management LLC bought a new stake in shares of Oracle during the fourth quarter worth $30,000. Finally, Hurley Capital LLC bought a new stake in shares of Oracle during the fourth quarter worth $33,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Stock Up 0.9%

ORCL stock traded up $2.22 during midday trading on Friday, hitting $245.05. The company's stock had a trading volume of 7,146,126 shares, compared to its average volume of 13,472,494. The company's fifty day moving average price is $202.72 and its 200 day moving average price is $171.02. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $251.60. The stock has a market capitalization of $688.31 billion, a P/E ratio of 56.46, a PEG ratio of 3.62 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results 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 business had revenue of $15.90 billion for the quarter, compared to analyst estimates 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% on a year-over-year basis. During the same quarter in the prior year, the company posted $1.63 earnings per share. As a group, equities research analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. Oracle's payout ratio is 46.08%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction that occurred 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 transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm's stock in a transaction that occurred 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 completion of the sale, the insider directly 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. Over the last quarter, insiders have sold 448,669 shares of company stock worth $85,555,309. Corporate insiders own 42.20% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the subject of several recent research reports. Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and boosted their price objective for the stock from $190.00 to $270.00 in a report on Thursday, July 10th. JMP Securities lifted their price target on shares of Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research report on Friday, July 18th. KeyCorp increased their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Citigroup upgraded shares of Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat, the company presently 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.