International Assets Investment Management LLC Increases Stock Holdings in Oracle Corporation (NYSE:ORCL)

International Assets Investment Management LLC lifted its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 9.4% during the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 14,241 shares of the enterprise software provider's stock after purchasing an additional 1,221 shares during the quarter. International Assets Investment Management LLC's holdings in Oracle were worth $1,991,000 as of its most recent filing with the SEC.

Several other hedge funds and other institutional investors have also made changes to their positions in the business. Inlight Wealth Management LLC purchased a new position in Oracle in the first quarter worth approximately $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC purchased a new position in Oracle in the fourth quarter valued at $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Up 4.0%

Shares of NYSE:ORCL opened at $215.39 on Wednesday. The company has a 50 day moving average of $163.48 and a two-hundred day moving average of $161.64. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $216.60. 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 company has a market capitalization of $604.99 billion, a price-to-earnings ratio of 49.63, a price-to-earnings-growth ratio of 3.10 and a beta of 1.32.

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 (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm 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%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 EPS. As a group, analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.93%. Oracle's dividend payout ratio is presently 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 transaction of $3,211,500.00. Following the sale, the insider now directly owns 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a legal filing with the SEC, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the sale, the insider now owns 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock worth $83,395,223 in the last ninety days. 42.20% of the stock is owned by insiders.

Analyst Upgrades and Downgrades

Several equities research analysts recently weighed in on ORCL shares. Westpark Capital boosted their target price on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. Roth Capital restated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. The Goldman Sachs Group reissued a "neutral" rating and issued a $195.00 target price (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Raymond James Financial reissued a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Mizuho decreased their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have issued a strong buy rating to the stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $196.74.

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.

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