MGO One Seven LLC Has $10.10 Million Stake in Oracle Corporation (NYSE:ORCL)

Key Points

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MGO One Seven LLC lessened its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 4.1% in the 1st quarter, according to its most recent disclosure with the SEC. The institutional investor owned 72,247 shares of the enterprise software provider's stock after selling 3,079 shares during the period. MGO One Seven LLC's holdings in Oracle were worth $10,101,000 at the end of the most recent quarter.

A number of other large investors have also recently modified their holdings of the company. Brighton Jones LLC increased its holdings in Oracle by 189.3% during the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after buying an additional 100,494 shares during the period. Revolve Wealth Partners LLC increased 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 valued at $903,000 after acquiring an additional 404 shares during the period. Wellington Management Group LLP raised its position in shares of Oracle by 200.4% in the 4th quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider's stock worth $28,743,000 after acquiring an additional 115,059 shares in the last quarter. Tradewinds LLC. bought a new position in shares of Oracle in the 4th quarter worth $251,000. Finally, StoneX Group Inc. purchased a new stake in shares of Oracle during the 4th quarter worth $1,768,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Transactions at Oracle

In other Oracle news, Director Rona Alison Fairhead purchased 480 shares of the stock in a transaction dated Monday, July 7th. The shares were bought at an average cost of $233.87 per share, with a total value of $112,257.60. Following the completion of the transaction, the director owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred on Thursday, June 12th. The stock was 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 directly owned 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 disclosure for this sale can be found here. Over the last ninety days, insiders have sold 431,169 shares of company stock worth $82,908,609. Corporate insiders own 42.20% of the company's stock.

Oracle Stock Down 2.9%

Shares of NYSE:ORCL traded down $7.28 during trading on Friday, reaching $246.49. 4,233,860 shares of the company traded hands, compared to its average volume of 12,047,818. The firm has a fifty day simple moving average of $211.78 and a 200 day simple moving average of $174.13. 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 1-year low of $118.86 and a 1-year high of $260.87. The firm has a market cap of $692.36 billion, a P/E ratio of 56.78, a price-to-earnings-growth ratio of 3.74 and a beta of 1.39.

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

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Investors of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Analyst Upgrades and Downgrades

A number of research firms recently commented on ORCL. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and increased their target price for the company from $180.00 to $250.00 in a research report on Monday, June 30th. BMO Capital Markets upped their target price on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research report on Wednesday, July 2nd. Scotiabank assumed coverage on Oracle in a research note on Thursday, July 17th. They set a "sector outperform" rating and a $300.00 price target on the stock. TD Cowen upped their price objective on shares of Oracle from $250.00 to $275.00 and gave the company a "buy" rating in a report on Thursday, July 3rd. Finally, Guggenheim upped their target price on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and an average price target of $218.29.

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.