Mission Creek Capital Partners Inc. Raises Stake in Oracle Corporation $ORCL

Key Points

• Mission Creek Capital Partners Inc. has increased its stake in Oracle Corporation by 12.5%, acquiring an additional 1,562 shares, bringing its total holdings to 14,053 shares valued at approximately $1.97 million.
• Oracle recently reported earnings of $1.70 per share, exceeding analyst expectations, and also announced a quarterly dividend of $0.50 per share, representing an annual yield of 0.8%.
• Oracle's stock has experienced a **1-year high of $260.87** and a low of $118.86, with a current market cap of approximately $662.51 billion.

Mission Creek Capital Partners Inc. lifted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 12.5% during the 1st quarter, according to its most recent disclosure with the SEC. The firm owned 14,053 shares of the enterprise software provider's stock after buying an additional 1,562 shares during the period. Mission Creek Capital Partners Inc.'s holdings in Oracle were worth $1,965,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors have also recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle during the 1st quarter worth $27,000. Inlight Wealth Management LLC purchased a new position in Oracle during the first quarter worth about $28,000. Iron Horse Wealth Management LLC boosted its stake in Oracle by 284.9% in the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the last quarter. Sunbeam Capital Management LLC purchased a new stake in Oracle in the 4th quarter valued at about $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new position in shares of Oracle during the 4th quarter valued at about $36,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of ORCL opened at $235.87 on Thursday. The firm has a fifty day moving average of $236.89 and a 200-day moving average of $184.08. The company has a market cap of $662.51 billion, a price-to-earnings ratio of 54.35, a price-to-earnings-growth ratio of 3.50 and a beta of 1.43. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $260.87.

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, topping 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 the consensus estimate of $15.58 billion. During the same period in the previous year, the firm posted $1.63 earnings per share. The business's revenue was up 11.3% on a year-over-year basis. As a group, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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

Insider Activity at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the company's 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 sale, the insider directly owned 60,722 shares in the company, valued at $13,000,580.20. This represents a 19.81% 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, insider Michael D. Sicilia sold 15,880 shares of the business's stock in a transaction on Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the sale, the insider directly owned 99,212 shares in the company, valued at $25,247,469.76. This represents a 13.80% decrease in their position. The disclosure for this sale can be found here. Insiders sold 444,183 shares of company stock worth $86,521,198 in the last three months. Insiders own 42.20% of the company's stock.

Wall Street Analyst Weigh In

Several equities analysts recently weighed in on ORCL shares. Cowen restated a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Guggenheim upped their price objective on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and boosted their price target for the company from $180.00 to $250.00 in a report on Monday, June 30th. Finally, JMP Securities raised their price objective on Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research note on Friday, July 18th. Three equities research analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the company. According to data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and an average price target of $227.04.

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.

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