KG&L Capital Management LLC Acquires New Position in Oracle Corporation (NYSE:ORCL)

KG&L Capital Management 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 Form 13F filing with the Securities and Exchange Commission (SEC). The fund purchased 7,950 shares of the enterprise software provider's stock, valued at approximately $1,111,000.

Other institutional investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the first quarter valued at about $28,000. Sunbeam Capital Management LLC acquired a new stake in shares of Oracle during the 4th quarter worth approximately $30,000. Hurley Capital LLC bought a new position in Oracle in the fourth quarter valued at approximately $33,000. Synergy Investment Management LLC acquired a new position in Oracle during the fourth quarter valued at approximately $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle during the 4th quarter worth $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Trading Up 1.2%

Shares of ORCL stock traded up $2.56 during trading hours on Thursday, hitting $213.28. 10,517,186 shares of the company were exchanged, compared to its average volume of 9,915,599. 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 fifty-two week low of $118.86 and a fifty-two week high of $216.93. The company has a 50 day simple moving average of $165.09 and a two-hundred day simple moving average of $161.98. The firm has a market cap of $599.07 billion, a P/E ratio of 49.14, a P/E/G ratio of 3.23 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last announced 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. 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 analyst estimates of $15.58 billion. During the same quarter in the prior year, the company earned $1.63 earnings per share. The company's quarterly revenue was up 11.3% on a year-over-year basis. Equities analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders 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 dividend yield of 0.94%. Oracle's dividend payout ratio is currently 46.08%.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the firm'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 owns 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock valued at $83,395,223 over the last ninety days. Corporate insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have issued reports on ORCL. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and issued a $240.00 target price (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Citigroup restated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. Morgan Stanley reiterated an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Cowen restated a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $197.67.

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.