Hughes Financial Services LLC Makes New Investment in Oracle Corporation (NYSE:ORCL)

Hughes Financial Services LLC bought a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund bought 1,318 shares of the enterprise software provider's stock, valued at approximately $187,000.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Brighton Jones LLC increased its stake in shares of Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC increased its stake in shares of Oracle by 8.1% during the fourth quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares in the last quarter. Proficio Capital Partners LLC increased its stake in shares of Oracle by 8.5% during the fourth quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider's stock worth $4,475,000 after purchasing an additional 2,101 shares in the last quarter. Intact Investment Management Inc. purchased a new stake in shares of Oracle during the fourth quarter worth about $4,149,000. Finally, Buckley Wealth Management LLC increased its stake in shares of Oracle by 2.6% during the fourth quarter. Buckley Wealth Management LLC now owns 7,565 shares of the enterprise software provider's stock worth $1,261,000 after purchasing an additional 195 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Activity at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director directly owned 31,764 shares in the company, valued at $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is available through this link. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction on Thursday, July 3rd. The shares were 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 in the company, valued at $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 445,366 shares of company stock valued at $84,784,653 over the last quarter. Company insiders own 42.20% of the company's stock.

Oracle Trading Up 2.7%

Shares of NYSE:ORCL traded up $6.29 during trading on Wednesday, reaching $241.25. The stock had a trading volume of 12,555,899 shares, compared to its average volume of 10,304,773. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $242.03. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The business has a fifty day moving average price of $190.49 and a 200-day moving average price of $167.32. The stock has a market cap of $677.64 billion, a P/E ratio of 55.59, a PEG ratio of 3.51 and a beta of 1.39.

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 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 during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter in the prior year, the business posted $1.63 earnings per share. Oracle's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.83%. Oracle's dividend payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

A number of analysts have recently commented on ORCL shares. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 price objective on shares of Oracle in a research note on Tuesday, June 10th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 price objective (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 price objective (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average target price of $211.37.

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.