Hamilton Capital Partners LLC Purchases 27,104 Shares of Oracle Corporation (NYSE:ORCL)

Hamilton Capital Partners LLC lifted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 42.7% during the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 90,607 shares of the enterprise software provider's stock after buying an additional 27,104 shares during the quarter. Oracle comprises 8.0% of Hamilton Capital Partners LLC's investment portfolio, making the stock its 8th biggest position. Hamilton Capital Partners LLC's holdings in Oracle were worth $12,668,000 as of its most recent SEC filing.

Other institutional investors and hedge funds also recently bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new stake in Oracle in the fourth quarter valued at approximately $30,000. Hurley Capital LLC bought a new position in shares of Oracle in the 4th quarter worth $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle during the 4th quarter valued at $34,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle during the 4th quarter valued at $36,000. Finally, Fourth Dimension Wealth LLC bought a new stake in shares of Oracle during the 4th quarter worth $36,000. 42.44% of the stock is owned by institutional investors.

Insider Buying and Selling at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle 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 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 transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 2,000 shares of the stock in a transaction dated Wednesday, April 2nd. The shares were 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 of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 427,366 shares of company stock worth $80,183,723. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of recent research reports. Citigroup reissued an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Mizuho decreased their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Stephens started coverage on Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective for the company. Westpark Capital raised their target price on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a report on Thursday, June 12th. Finally, JPMorgan Chase & Co. upped their price target on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $196.74.

Oracle Stock Up 1.2%

Oracle stock traded up $2.45 during mid-day trading on Thursday, reaching $210.63. 15,046,293 shares of the company's stock were exchanged, compared to its average volume of 9,813,175. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $216.60. The company has a market cap of $589.13 billion, a P/E ratio of 48.53, a P/E/G ratio of 3.12 and a beta of 1.32. The company has a fifty day moving average of $157.39 and a 200-day moving average of $161.16.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results 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 analysts' expectations of $15.58 billion. During the same quarter last year, the company earned $1.63 earnings per share. The firm's revenue was up 11.3% compared to the same quarter last year. Sell-side analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company 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 dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Oracle 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.