Mason & Associates Inc Purchases Shares of 2,554 Oracle Corporation (NYSE:ORCL)

Mason & Associates Inc bought a new stake in Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the SEC. The firm bought 2,554 shares of the enterprise software provider's stock, valued at approximately $357,000.

Several other hedge funds have also recently bought and sold shares of the company. Vanguard Group Inc. grew its holdings in shares of Oracle by 1.5% during the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the last quarter. FMR LLC raised its stake in shares of Oracle by 0.4% during the fourth quarter. FMR LLC now owns 38,002,902 shares of the enterprise software provider's stock valued at $6,332,803,000 after acquiring an additional 156,269 shares during the last quarter. Geode Capital Management LLC raised its stake in shares of Oracle by 1.8% during the fourth quarter. Geode Capital Management LLC now owns 35,814,302 shares of the enterprise software provider's stock valued at $5,954,961,000 after acquiring an additional 619,619 shares during the last quarter. Franklin Resources Inc. raised its stake in shares of Oracle by 9.3% during the fourth quarter. Franklin Resources Inc. now owns 20,202,421 shares of the enterprise software provider's stock valued at $3,366,531,000 after acquiring an additional 1,722,037 shares during the last quarter. Finally, Northern Trust Corp raised its stake in Oracle by 12.5% during the fourth quarter. Northern Trust Corp now owns 19,620,534 shares of the enterprise software provider's stock worth $3,269,566,000 after buying an additional 2,176,892 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Oracle Stock Down 1.5%

NYSE ORCL traded down $3.25 during trading hours on Tuesday, reaching $207.85. 17,773,112 shares of the company's stock traded hands, compared to its average volume of 9,799,461. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $216.60. The firm has a market cap of $581.34 billion, a PE ratio of 47.89, a PEG ratio of 3.13 and a beta of 1.32. The firm has a 50-day simple moving average of $154.61 and a 200 day simple moving average of $160.49. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 1.02.

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, beating analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business earned $1.63 EPS. Sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.96%. Oracle's dividend payout ratio is currently 46.08%.

Analysts Set New Price Targets

ORCL has been the subject of several research analyst reports. Cowen reaffirmed a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Wall Street Zen downgraded shares of Oracle from a "buy" rating to a "hold" rating in a research note on Wednesday, February 19th. Stifel Nicolaus boosted their target price 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. Westpark Capital boosted their target price 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. Finally, KeyCorp boosted their target price 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. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and one has issued a strong buy rating to the company. According to data from MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $194.32.

Insider Transactions at Oracle

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on 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 completion of the sale, 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 sale was disclosed in a legal filing with the SEC, which is available through this link. Also, Director Leon E. Panetta sold 17,500 shares of the firm'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 transaction of $2,646,700.00. Following the completion of the transaction, the director now directly owns 58,090 shares in the company, valued at approximately $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock worth $80,183,723 over the last three months. 42.20% of the stock is currently owned by company insiders.

Oracle 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.