MMA Asset Management LLC Acquires Shares of 1,670 Oracle Corporation (NYSE:ORCL)

Key Points

• MMA Asset Management LLC acquired a new stake in Oracle Corporation during the first quarter, purchasing 1,670 shares valued at approximately $233,000.
• Oracle reported earnings per share of $1.70 for the last quarter, surpassing analysts' expectations of $1.64, with a significant year-over-year revenue growth of 11.3%.
• The company's recent quarterly dividend of $0.50 reflects an annualized yield of 0.80%, with a payout ratio of 46.08%.

MMA Asset Management LLC bought a new stake in Oracle Corporation (NYSE:ORCL - Free Report) during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor bought 1,670 shares of the enterprise software provider's stock, valued at approximately $233,000.

Several other large investors have also recently added to or reduced their stakes in the stock. Greenwood Gearhart Inc. grew its position in shares of Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after purchasing an additional 66 shares during the last quarter. Hurlow Wealth Management Group Inc. boosted its stake in shares of Oracle by 1.7% in the 4th quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock valued at $691,000 after purchasing an additional 70 shares in the last quarter. Flynn Zito Capital Management LLC boosted its position in Oracle by 1.7% in the first quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after buying an additional 71 shares in the last quarter. Private Wealth Management Group LLC boosted its stake in Oracle by 14.9% in the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock worth $78,000 after purchasing an additional 72 shares in the last quarter. Finally, Canopy Partners LLC lifted its position in Oracle by 1.5% during the 1st quarter. Canopy Partners LLC now owns 4,917 shares of the enterprise software provider's stock worth $687,000 after buying an additional 74 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several brokerages have recently issued reports on ORCL. CIBC reaffirmed a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Guggenheim raised their price target on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada raised their price objective on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a report on Thursday, June 12th. Westpark Capital lifted their price objective on shares of Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Finally, Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 price target (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and three have given a strong buy rating to the stock. According to MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.

Insider Buying and Selling at Oracle

In related news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction that occurred 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 transaction, the executive vice president directly owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% 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, Director Rona Alison Fairhead acquired 480 shares of the company's stock in a transaction dated Monday, July 7th. The stock was acquired at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the purchase, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. This trade represents a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold 448,669 shares of company stock worth $85,555,309 over the last quarter. Insiders own 42.20% of the company's stock.

Oracle Price Performance

Oracle stock traded up $0.56 during trading hours on Wednesday, reaching $250.54. 8,386,083 shares of the stock were exchanged, compared to its average volume of 11,441,882. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market cap of $703.72 billion, a P/E ratio of 57.73, a price-to-earnings-growth ratio of 3.73 and a beta of 1.39. The stock has a 50 day moving average of $209.84 and a two-hundred day moving average of $173.44. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $253.07.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share 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 for the quarter, compared to analyst estimates of $15.58 billion. During the same period last year, the firm posted $1.63 earnings per share. Oracle's revenue was up 11.3% compared to the same quarter last year. Equities analysts expect that Oracle Corporation will post 5 EPS for the current fiscal 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 paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.80%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's 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.