IFP Advisors Inc Purchases 2,661 Shares of Oracle Corporation (NYSE:ORCL)

IFP Advisors Inc lifted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 7.1% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The firm owned 40,328 shares of the enterprise software provider's stock after purchasing an additional 2,661 shares during the period. IFP Advisors Inc's holdings in Oracle were worth $5,638,000 as of its most recent SEC filing.

Other large investors also recently modified their holdings of the company. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new stake in shares of Oracle during the first quarter valued at approximately $28,000. Iron Horse Wealth Management LLC grew its stake in Oracle by 284.9% in the first 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 period. Sunbeam Capital Management LLC purchased a new stake in Oracle in the fourth quarter worth $30,000. Finally, Hurley Capital LLC bought a new position in Oracle in the fourth quarter worth $33,000. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

Several research analysts recently issued reports on ORCL shares. DA Davidson increased their price target on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and raised their target price for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Cowen restated a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Finally, JMP Securities lifted their price objective on Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research note on Friday. Nine investment 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 stock. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average price target of $218.29.

Insider Buying and Selling at Oracle

In related news, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director directly owned 58,090 shares of the company's stock, valued at $8,785,531.60. This represents a 23.15% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of the business's stock in a transaction on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the transaction, the director owned 31,447 shares of the company's stock, valued at $7,337,214.04. This represents a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 448,669 shares of company stock worth $85,555,309 in the last three months. 42.20% of the stock is owned by company insiders.

Oracle Stock Performance

Shares of NYSE:ORCL opened at $245.30 on Monday. The firm's 50 day simple moving average is $196.21 and its 200-day simple moving average is $168.97. The firm has a market cap of $689.01 billion, a PE ratio of 56.52, a price-to-earnings-growth ratio of 3.66 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year high of $251.60. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

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.

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