Live Oak Private Wealth LLC Buys 9,390 Shares of Oracle Corporation (NYSE:ORCL)

Live Oak Private Wealth LLC raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 18.0% in the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund owned 61,433 shares of the enterprise software provider's stock after purchasing an additional 9,390 shares during the period. Oracle accounts for approximately 1.4% of Live Oak Private Wealth LLC's holdings, making the stock its 25th biggest position. Live Oak Private Wealth LLC's holdings in Oracle were worth $8,589,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently made changes to their positions in ORCL. Cookson Peirce & Co. Inc. increased its holdings in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after purchasing an additional 60 shares during the last quarter. New England Capital Financial Advisors LLC boosted its stake in Oracle by 6.4% during the fourth quarter. New England Capital Financial Advisors LLC now owns 1,061 shares of the enterprise software provider's stock worth $177,000 after buying an additional 64 shares during the last quarter. Cape ANN Savings Bank grew its holdings in Oracle by 1.1% in the 4th quarter. Cape ANN Savings Bank now owns 5,820 shares of the enterprise software provider's stock valued at $970,000 after buying an additional 65 shares in the last quarter. Greenwood Gearhart Inc. increased its stake in shares of Oracle by 1.2% in the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares during the last quarter. Finally, WorthPointe LLC raised its holdings in shares of Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after acquiring an additional 67 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity 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 value of $3,211,500.00. Following the completion of the transaction, the insider now directly owns 60,722 shares of the company's stock, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the firm's stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% 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 quarter. 42.20% of the stock is owned by insiders.

Wall Street Analysts Forecast Growth

Several equities research analysts recently issued reports on the stock. Westpark Capital raised their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. JPMorgan Chase & Co. increased their price target on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 price target (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Stifel Nicolaus upped their price objective on Oracle from $150.00 to $180.00 and gave the company a "hold" rating in a report on Thursday, June 12th. Finally, Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research note on Wednesday. Eleven research 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 company's stock. According to MarketBeat.com, the stock presently has a consensus rating of "Moderate Buy" and a consensus target price of $196.74.

Oracle Trading Down 2.8%

NYSE:ORCL opened at $205.06 on Monday. The stock has a fifty day moving average price of $160.39 and a 200 day moving average price of $161.16. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $216.60. The firm has a market cap of $575.96 billion, a PE ratio of 47.25, a price-to-earnings-growth ratio of 3.08 and a beta of 1.32.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid 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 dividend yield of 0.98%. Oracle's 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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