Kessler Investment Group LLC Makes New $247,000 Investment in Oracle Corporation (NYSE:ORCL)

Kessler Investment Group LLC purchased a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm purchased 1,770 shares of the enterprise software provider's stock, valued at approximately $247,000.

Other large investors also recently bought and sold shares of the company. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle in the fourth quarter worth $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle in the fourth quarter worth $33,000. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the first quarter worth $28,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the fourth quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle in the fourth quarter worth $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts have recently issued reports on ORCL shares. CIBC reissued a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Stifel Nicolaus increased their price objective on shares of Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a research report on Thursday, June 12th. KeyCorp increased their price objective on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research report on Thursday, June 12th. UBS Group set a $250.00 price target on shares of Oracle and gave the company a "buy" rating in a report on Wednesday. Finally, Evercore ISI reaffirmed a "buy" rating on shares of Oracle in a report on Wednesday, June 18th. Eleven research analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and two have assigned a strong buy rating to the stock. Based on data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average price target of $197.67.

Insider Buying and Selling

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction 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 now owns 60,722 shares of the company's stock, 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 filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 442,366 shares of company stock worth $83,395,223 in the last three months. 42.20% of the stock is owned by insiders.

Oracle Price Performance

Shares of ORCL stock opened at $210.16 on Friday. The firm has a fifty day moving average of $168.42 and a two-hundred day moving average of $162.36. 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 1-year low of $118.86 and a 1-year high of $216.93. The firm has a market cap of $590.31 billion, a P/E ratio of 48.42, a P/E/G ratio of 3.19 and a beta of 1.32.

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

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.95%. Oracle's dividend payout ratio is currently 46.08%.

Oracle Company 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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