Midwest Financial Group LLC Invests $373,000 in Oracle Corporation (NYSE:ORCL)

Midwest Financial Group LLC purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to its most recent disclosure with the SEC. The fund purchased 2,667 shares of the enterprise software provider's stock, valued at approximately $373,000.

Several other institutional investors and hedge funds have also recently bought and sold shares of the business. Norges Bank bought a new stake in Oracle during the 4th quarter valued at $2,216,314,000. Raymond James Financial Inc. bought a new stake in shares of Oracle in the 4th quarter worth $930,095,000. GAMMA Investing LLC boosted its stake in Oracle by 15,012.3% during the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after buying an additional 4,723,631 shares in the last quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the period. Finally, Vanguard Group Inc. raised its position in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock worth $26,231,127,000 after acquiring an additional 2,296,069 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider now directly owns 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the firm's stock in a transaction that occurred on Wednesday, April 2nd. The stock was sold at an average price of $145.81, for a total value of $291,620.00. Following the transaction, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 442,366 shares of company stock worth $83,395,223. Insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

Several research firms have issued reports on ORCL. Cowen restated a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. BMO Capital Markets upgraded Oracle from a "market perform" rating to an "outperform" rating and lifted their price target for the company from $200.00 to $235.00 in a report on Friday, June 13th. KeyCorp increased their price objective on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 target price (up previously from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Finally, Stifel Nicolaus raised their price target on shares of Oracle from $150.00 to $180.00 and gave the stock a "hold" rating in a report on Thursday, June 12th. 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 stock. According to data from MarketBeat, the company presently has an average rating of "Moderate Buy" and a consensus target price of $196.74.

Oracle Stock Performance

NYSE:ORCL opened at $205.06 on Friday. The firm has a market capitalization of $573.53 billion, a PE ratio of 47.25, a PEG ratio of 3.08 and a beta of 1.32. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $216.60. The company has a current ratio of 0.75, a quick ratio of 1.02 and a debt-to-equity ratio of 4.07. The firm's fifty day simple moving average is $160.39 and its 200 day simple moving average is $161.33.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 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 for the quarter, compared to analyst estimates of $15.58 billion. During the same period in the previous year, the company posted $1.63 earnings per share. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. On average, sell-side analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.98%. Oracle's dividend payout ratio is 46.08%.

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.

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