J.W. Cole Advisors Inc. Purchases 3,795 Shares of Oracle Corporation (NYSE:ORCL)

J.W. Cole Advisors Inc. increased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 9.8% in the 1st quarter, according to its most recent disclosure with the Securities & Exchange Commission. The institutional investor owned 42,664 shares of the enterprise software provider's stock after purchasing an additional 3,795 shares during the period. J.W. Cole Advisors Inc.'s holdings in Oracle were worth $5,965,000 at the end of the most recent quarter.

Other hedge funds have also recently added to or reduced their stakes in the company. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the fourth quarter worth $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle in the fourth quarter valued at about $33,000. Redmont Wealth Advisors LLC bought a new stake in shares of Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC bought a new position in shares of Oracle in the 1st quarter valued at about $28,000. Finally, Iron Horse Wealth Management LLC increased its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Down 1.4%

Shares of NYSE ORCL opened at $245.30 on Monday. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The firm has a market capitalization of $689.01 billion, a price-to-earnings ratio of 56.52, a PEG ratio of 3.66 and a beta of 1.39. The stock has a 50 day moving average price of $196.21 and a 200 day moving average price of $168.97. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $251.60.

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

Oracle Announces Dividend

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 paid a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Analysts Set New Price Targets

A number of brokerages have commented on ORCL. BMO Capital Markets upped their price objective on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and raised their price objective for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Scotiabank assumed coverage on Oracle in a research report on Thursday. They issued a "sector outperform" rating and a $300.00 target price for the company. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Mizuho lowered their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research report on Tuesday, April 15th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company. According to data from MarketBeat.com, the company presently has an average rating of "Moderate Buy" and an average price target of $218.29.

Insider Buying and Selling

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction on Tuesday, June 17th. The shares were 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. The trade was a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated 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 completion of the sale, the insider directly owned 1,097,576 shares in the company, 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 448,669 shares of company stock worth $85,555,309 in the last 90 days. Corporate insiders own 42.20% of the company's stock.

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.

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