Oracle Corporation (NYSE:ORCL) Shares Purchased by Matthew Goff Investment Advisor LLC

Matthew Goff Investment Advisor LLC lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 2.2% during the first quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 82,186 shares of the enterprise software provider's stock after purchasing an additional 1,733 shares during the quarter. Oracle comprises about 2.1% of Matthew Goff Investment Advisor LLC's investment portfolio, making the stock its 14th largest position. Matthew Goff Investment Advisor LLC's holdings in Oracle were worth $11,490,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds have also made changes to their positions in the stock. Rockland Trust Co. boosted its position in Oracle by 4.8% during the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after purchasing an additional 467 shares in the last quarter. Cornerstone Advisory LLC increased its position in shares of Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after buying an additional 3,299 shares in the last quarter. Peak Retirement Planning Inc. acquired a new position in shares of Oracle during the 4th quarter worth $211,000. Secure Asset Management LLC boosted its position in shares of Oracle by 21.8% in the 1st quarter. Secure Asset Management LLC now owns 13,235 shares of the enterprise software provider's stock worth $1,850,000 after buying an additional 2,365 shares in the last quarter. Finally, Union Bancaire Privee UBP SA acquired a new stake in Oracle in the 4th quarter valued at about $51,084,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Oracle Trading Up 1.2%

Shares of ORCL stock traded up $2.45 during mid-day trading on Thursday, reaching $210.63. The company's stock had a trading volume of 15,046,293 shares, compared to its average volume of 9,813,175. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $589.13 billion, a PE ratio of 48.53, a price-to-earnings-growth ratio of 3.12 and a beta of 1.32. The company's 50 day simple moving average is $157.39 and its 200-day simple moving average is $161.16. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $216.60.

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, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. On average, research analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

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

Analysts Set New Price Targets

ORCL has been the subject of a number of research reports. JPMorgan Chase & Co. lifted their target price on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a report on Wednesday. Monness Crespi & Hardt raised Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. The Goldman Sachs Group restated a "neutral" rating and issued a $195.00 price objective (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Finally, Stephens started coverage on Oracle in a research note on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective on the stock. Eleven equities research 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. Based on data from MarketBeat, the company presently has a consensus rating of "Moderate Buy" and a consensus target price of $196.74.

Insider Buying and Selling

In other news, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now directly owns 58,090 shares of the company's stock, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available at this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction on Thursday, June 12th. The shares were 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 now owns 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 427,366 shares of company stock valued at $80,183,723. Corporate insiders own 42.20% of the company's stock.

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.