Oracle Corporation (NYSE:ORCL) Shares Bought by Mesirow Financial Investment Management Inc.

Key Points

• Mesirow Financial Investment Management Inc. increased its holdings in Oracle Corporation by 3.0% during Q1, owning 119,954 shares valued at approximately $16.77 million.
• Oracle's recent earnings report revealed $1.70 earnings per share, surpassing analysts' estimates, and a revenue of $15.90 billion, marking an 11.3% year-over-year increase.
• Institutional investors and hedge funds currently own 42.44% of Oracle's stock, indicating strong interest and investment in the company.

Mesirow Financial Investment Management Inc. grew its position in Oracle Corporation (NYSE:ORCL - Free Report) by 3.0% during the first quarter, according to its most recent 13F filing with the SEC. The institutional investor owned 119,954 shares of the enterprise software provider's stock after buying an additional 3,491 shares during the period. Mesirow Financial Investment Management Inc.'s holdings in Oracle were worth $16,771,000 at the end of the most recent quarter.

A number of other institutional investors have also modified their holdings of the company. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the 1st quarter valued at approximately $27,000. Inlight Wealth Management LLC acquired a new position in Oracle during the first quarter valued at $28,000. Iron Horse Wealth Management LLC lifted its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the period. Sunbeam Capital Management LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $30,000. Finally, Hurley Capital LLC acquired a new position in shares of Oracle in the 4th quarter valued at about $33,000. 42.44% of the stock is currently owned by institutional investors.

Insider Buying and Selling at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction 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 sale, the insider owned 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 transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Over the last three months, insiders have sold 448,669 shares of company stock worth $85,555,309. Insiders own 42.20% of the company's stock.

Oracle Price Performance

Shares of NYSE:ORCL traded up $0.56 during midday trading on Wednesday, hitting $250.54. The company had a trading volume of 8,386,083 shares, compared to its average volume of 11,441,882. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $253.07. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market cap of $703.72 billion, a price-to-earnings ratio of 57.73, a price-to-earnings-growth ratio of 3.73 and a beta of 1.39. The business's 50-day simple moving average is $209.84 and its 200-day simple moving average is $173.44.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping analysts' consensus estimates 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 the consensus estimate of $15.58 billion. During the same period last year, the company earned $1.63 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. On average, research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were issued a dividend of $0.50 per share. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.80%. Oracle's dividend payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

ORCL has been the subject of a number of analyst reports. DA Davidson boosted their price target on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Cowen reiterated a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Westpark Capital boosted their target price on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Roth Capital reiterated a "hold" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, KeyCorp upped their price objective 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. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have issued a strong buy rating to the company. According to MarketBeat, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $218.29.

About Oracle

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.