Oracle Corporation (NYSE:ORCL) Stake Raised by Kampmann Melissa S.

Kampmann Melissa S. boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 26.6% in the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 9,100 shares of the enterprise software provider's stock after purchasing an additional 1,910 shares during the period. Kampmann Melissa S.'s holdings in Oracle were worth $1,272,000 at the end of the most recent reporting period.

Several other hedge funds also recently added to or reduced their stakes in the stock. Inlight Wealth Management LLC purchased a new stake in Oracle during the 1st quarter worth $28,000. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the fourth quarter worth about $30,000. Hurley Capital LLC acquired a new position in shares of Oracle in the fourth quarter worth about $33,000. Synergy Investment Management LLC acquired a new position in shares of Oracle in the fourth quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Oracle in the fourth quarter valued at about $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In related news, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the sale, the director owned 31,764 shares of the company's stock, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction that occurred 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 completion of the sale, the director owned 58,090 shares of the company's stock, valued at $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold a total of 440,366 shares of company stock worth $83,103,603 in the last 90 days. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of NYSE:ORCL traded up $11.59 during trading hours on Wednesday, hitting $230.55. The stock had a trading volume of 22,268,986 shares, compared to its average volume of 10,080,969. The stock's fifty day simple moving average is $172.18 and its 200 day simple moving average is $162.87. The firm has a market capitalization of $647.58 billion, a price-to-earnings ratio of 53.12, a PEG ratio of 3.28 and a beta of 1.39. 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 Corporation has a 1-year low of $118.86 and a 1-year high of $231.91.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating 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 firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the business earned $1.63 EPS. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. Sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced 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. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. Oracle's dividend payout ratio is presently 46.08%.

Analyst Ratings Changes

Several research firms have issued reports on ORCL. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. JMP Securities set a $240.00 price target on shares of Oracle and gave the stock a "market outperform" rating in a research note on Thursday, June 12th. Citigroup reaffirmed an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Cantor Fitzgerald decreased their price objective on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a report on Tuesday, March 11th. Finally, Guggenheim boosted their target price on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the stock. Based on data from MarketBeat, the stock presently has a consensus rating of "Moderate Buy" and an average target price of $200.63.

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.