MFG Wealth Management Inc. Makes New $1.61 Million Investment in Oracle Corporation (NYSE:ORCL)

MFG Wealth Management Inc. purchased a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The fund purchased 11,534 shares of the enterprise software provider's stock, valued at approximately $1,613,000.

Other hedge funds and other institutional investors also recently added to or reduced their stakes in the company. Cookson Peirce & Co. Inc. grew its stake in 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. Greenwood Gearhart Inc. grew its position 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 buying an additional 66 shares during the last quarter. WorthPointe LLC grew its position in shares of Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after buying an additional 67 shares during the last quarter. CORDA Investment Management LLC. raised its stake in shares of Oracle by 0.9% during the 4th quarter. CORDA Investment Management LLC. now owns 7,966 shares of the enterprise software provider's stock worth $1,328,000 after acquiring an additional 68 shares in the last quarter. Finally, Stage Harbor Financial LLC lifted its position in Oracle by 5.0% during the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after acquiring an additional 68 shares during the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

NYSE:ORCL traded up $2.56 during mid-day trading on Thursday, hitting $213.28. The company's stock had a trading volume of 10,517,186 shares, compared to its average volume of 9,915,599. The business's fifty day moving average is $165.09 and its two-hundred day moving average is $161.98. The stock has a market cap of $599.07 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 3.23 and a beta of 1.32. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.93.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 in the previous year, the firm posted $1.63 EPS. The company's revenue for the quarter was up 11.3% on a year-over-year basis. 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. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several analyst reports. Citigroup reaffirmed an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Royal Bank Of Canada boosted their target price on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Mizuho reduced their target price on Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Eleven analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the company presently has a consensus rating of "Moderate Buy" and an average target price of $197.67.

Insiders Place Their Bets

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated 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 transaction, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is accessible through this link. Also, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction dated 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 ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders have sold 442,366 shares of company stock worth $83,395,223. 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.