Lountzis Asset Management LLC Raises Holdings in Oracle Corporation (NYSE:ORCL)

Lountzis Asset Management LLC raised its position in Oracle Corporation (NYSE:ORCL - Free Report) by 49.2% during the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 90,341 shares of the enterprise software provider's stock after buying an additional 29,786 shares during the quarter. Oracle comprises about 4.8% of Lountzis Asset Management LLC's holdings, making the stock its 6th largest position. Lountzis Asset Management LLC's holdings in Oracle were worth $12,660,000 at the end of the most recent reporting period.

Several other hedge funds also recently made changes to their positions in the stock. Brighton Jones LLC grew its position in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after buying an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC boosted its holdings in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock worth $903,000 after purchasing an additional 404 shares in the last quarter. Proficio Capital Partners LLC boosted its holdings in shares of Oracle by 8.5% in the 4th quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider's stock worth $4,475,000 after purchasing an additional 2,101 shares in the last quarter. Moran Wealth Management LLC boosted its holdings in shares of Oracle by 11.8% in the 4th quarter. Moran Wealth Management LLC now owns 12,351 shares of the enterprise software provider's stock worth $2,058,000 after purchasing an additional 1,304 shares in the last quarter. Finally, Natural Investments LLC purchased a new position in shares of Oracle in the 4th quarter worth about $877,000. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider owned 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 sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction that occurred 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 owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 450,366 shares of company stock valued at $85,433,503. 42.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

A number of research firms have recently issued reports on ORCL. Jefferies Financial Group upped their price objective on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a report on Monday, June 9th. 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. Barclays reissued an "overweight" rating and issued a $221.00 target price (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Westpark Capital increased their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Loop Capital set a $135.00 price target on Oracle in a research note on Tuesday, June 10th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. According to MarketBeat.com, the company presently has an average rating of "Moderate Buy" and a consensus price target of $209.33.

Oracle Trading Up 0.7%

Shares of Oracle stock opened at $236.88 on Thursday. The firm has a market cap of $665.35 billion, a price-to-earnings ratio of 54.88, a PEG ratio of 3.51 and a beta of 1.39. The business has a 50-day moving average price of $183.77 and a 200-day moving average price of $165.63. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.44.

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

Oracle Dividend Announcement

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 given a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.84%. 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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