Hoxton Planning & Management LLC Invests $438,000 in Oracle Corporation (NYSE:ORCL)

Key Points

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Hoxton Planning & Management LLC bought a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 3,134 shares of the enterprise software provider's stock, valued at approximately $438,000.

A number of other institutional investors have also added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC bought a new position in Oracle in the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC raised its position in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the last quarter. Sunbeam Capital Management LLC bought a new stake in shares of Oracle during the 4th quarter valued at $30,000. Finally, Hurley Capital LLC bought a new stake in shares of Oracle during the 4th quarter valued at $33,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In other news, Director Rona Alison Fairhead bought 480 shares of the stock in a transaction that occurred on Monday, July 7th. The stock was acquired at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider directly owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 431,169 shares of company stock valued at $82,908,609 over the last three months. 42.20% of the stock is currently owned by corporate insiders.

Oracle Price Performance

Oracle stock traded down $7.28 during mid-day trading on Friday, reaching $246.49. The company had a trading volume of 4,233,860 shares, compared to its average volume of 12,047,818. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $260.87. 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 company has a market cap of $692.36 billion, a P/E ratio of 56.78, a P/E/G ratio of 3.74 and a beta of 1.39. The business has a fifty day simple moving average of $211.78 and a 200 day simple moving average of $174.13.

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

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Wall Street Analysts Forecast Growth

ORCL has been the subject of a number of recent analyst reports. Piper Sandler upgraded shares of Oracle from a "neutral" rating to an "overweight" rating and upped their price objective for the company from $190.00 to $270.00 in a research report on Thursday, July 10th. Morgan Stanley restated an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Guggenheim increased their price objective on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Loop Capital set a $135.00 target price on shares of Oracle in a research note on Tuesday, June 10th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 price objective (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Nine research 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. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and an average target price of $218.29.

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.