Oracle Corporation (NYSE:ORCL) Shares Bought by Inspire Trust Co. N.A.

Key Points

• Inspire Trust Co. N.A. increased its holdings in Oracle Corporation by 18.6%, acquiring an additional 5,977 shares during the 1st quarter, bringing their total stake to 38,117 shares worth approximately $5.33 million.
• Analysts have boosted their price targets for Oracle, with estimates reaching as high as $325, indicating a positive outlook on the stock's future performance.
• Oracle recently announced a quarterly dividend of $0.50 per share, resulting in a 0.8% dividend yield, with a payout ratio of 46.08%.

Inspire Trust Co. N.A. grew its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 18.6% during the first quarter, according to the company in its most recent disclosure with the SEC. The fund owned 38,117 shares of the enterprise software provider's stock after buying an additional 5,977 shares during the quarter. Oracle accounts for about 1.3% of Inspire Trust Co. N.A.'s investment portfolio, making the stock its 19th biggest position. Inspire Trust Co. N.A.'s holdings in Oracle were worth $5,329,000 at the end of the most recent quarter.

A number of other hedge funds have also recently modified their holdings of the business. Sunbeam Capital Management LLC bought a new stake in Oracle during the 4th quarter valued at $30,000. Redmont Wealth Advisors LLC bought a new stake in Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new stake in Oracle during the 1st quarter valued at $28,000. Iron Horse Wealth Management LLC boosted its position in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares in the last quarter. Finally, Mpwm Advisory Solutions LLC bought a new stake in Oracle during the 4th quarter valued at $36,000. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

ORCL stock traded up $0.71 during trading on Thursday, hitting $244.89. The stock had a trading volume of 10,274,959 shares, compared to its average volume of 10,188,398. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. The stock has a market capitalization of $687.86 billion, a P/E ratio of 56.43, a PEG ratio of 3.64 and a beta of 1.43. The company's 50-day moving average price is $229.06 and its two-hundred day moving average price is $179.81.

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

Oracle Dividend Announcement

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

Insider Buying and Selling at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the transaction, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the SEC, which is accessible through this link. Also, EVP Maria Smith sold 10,000 shares of the company's stock in a transaction that occurred on Thursday, July 3rd. The shares were sold at an average price of $232.99, for a total value of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 444,183 shares of company stock worth $86,521,198. 42.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several analysts have recently commented on the company. Guggenheim increased their price objective on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Jefferies Financial Group increased their price objective on Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. TD Cowen increased their price objective on Oracle from $275.00 to $325.00 and gave the company a "buy" rating in a report on Wednesday, August 6th. CIBC reiterated a "buy" rating on shares of Oracle in a report on Monday, June 9th. Finally, Westpark Capital increased their price objective on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company. According to MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $222.75.

About Oracle

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.