Inscription Capital LLC Takes $1.18 Million Position in Oracle Corporation (NYSE:ORCL)

Inscription Capital LLC bought a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to the company in its most recent filing with the SEC. The fund bought 8,438 shares of the enterprise software provider's stock, valued at approximately $1,180,000.

Other large investors also recently made changes to their positions in the company. Sunbeam Capital Management LLC bought a new stake in Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC bought a new stake in Oracle during the fourth quarter worth $33,000. Synergy Investment Management LLC bought a new position in Oracle during the fourth quarter worth about $34,000. Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle in the fourth quarter valued at $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in shares of Oracle in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity

In related news, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director now owns 58,090 shares of the company's stock, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through 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 completion of the transaction, the insider now directly owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 427,366 shares of company stock valued at $80,183,723 in the last ninety days. Corporate insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of a number of analyst reports. Mizuho reduced their price target on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Roth Capital reissued a "hold" rating on shares of Oracle in a research note on Wednesday. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a report on Wednesday. Citigroup restated an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Finally, JMP Securities set a $240.00 price objective on shares of Oracle and gave the stock a "market outperform" rating in a research report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $195.39.

Oracle Stock Performance

ORCL stock traded up $2.45 during trading on Wednesday, reaching $210.63. The stock had a trading volume of 15,046,293 shares, compared to its average volume of 9,813,170. The firm has a market cap of $589.13 billion, a PE ratio of 48.53, a PEG ratio of 3.12 and a beta of 1.32. The company has a current ratio of 0.75, a quick ratio of 1.02 and a debt-to-equity ratio of 4.07. The stock's 50 day moving average is $155.97 and its two-hundred day moving average is $160.82. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last released 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 business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. During the same period last year, the firm earned $1.63 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.95%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 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.