New Age Alpha Advisors LLC Buys 34,327 Shares of Oracle Corporation (NYSE:ORCL)

New Age Alpha Advisors LLC boosted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 90.8% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 72,145 shares of the enterprise software provider's stock after buying an additional 34,327 shares during the quarter. New Age Alpha Advisors LLC's holdings in Oracle were worth $10,087,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in ORCL. Brighton Jones LLC lifted its holdings in Oracle by 189.3% during the 4th 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 in the last quarter. Revolve Wealth Partners LLC increased its position in Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after purchasing an additional 404 shares during the period. Wellington Management Group LLP increased its position in Oracle by 200.4% during the 4th quarter. Wellington Management Group LLP now owns 172,483 shares of the enterprise software provider's stock valued at $28,743,000 after purchasing an additional 115,059 shares during the period. Trek Financial LLC increased its position in Oracle by 3.6% during the 4th quarter. Trek Financial LLC now owns 12,861 shares of the enterprise software provider's stock valued at $2,143,000 after purchasing an additional 450 shares during the period. Finally, Concentrum Wealth Management increased its position in Oracle by 63.3% during the 4th quarter. Concentrum Wealth Management now owns 5,797 shares of the enterprise software provider's stock valued at $966,000 after purchasing an additional 2,247 shares during the period. Institutional investors own 42.44% of the company's stock.

Oracle Stock Up 3.4%

ORCL stock opened at $252.77 on Tuesday. The firm has a 50 day moving average of $215.48 and a 200 day moving average of $175.60. The stock has a market capitalization of $709.99 billion, a PE ratio of 58.24, a price-to-earnings-growth ratio of 3.65 and a beta of 1.43. 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 52 week low of $118.86 and a 52 week high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results 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. The company 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%. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period last year, the business earned $1.63 EPS. Sell-side analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The firm also recently disclosed 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. This represents a $2.00 annualized dividend and a yield of 0.8%. The ex-dividend date was Thursday, July 10th. Oracle's payout ratio is presently 46.08%.

Insider Buying and Selling at Oracle

In other Oracle news, Director Rona Alison Fairhead acquired 480 shares of the firm's stock in a transaction on 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 purchase, the director owned 22,110 shares in the company, valued at approximately $5,170,865.70. The trade was a 2.22% increase in their position. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Naomi O. Seligman sold 3,303 shares of Oracle stock in a transaction that occurred on Wednesday, July 16th. The shares were sold at an average price of $233.32, for a total transaction of $770,655.96. Following the sale, the director owned 31,447 shares of the company's stock, valued at approximately $7,337,214.04. The trade was a 9.51% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 428,303 shares of company stock worth $82,480,056. Corporate insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

A number of research firms have commented on ORCL. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. JPMorgan Chase & Co. raised their target price on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. DA Davidson raised their target price on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and set a $240.00 target price (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, JMP Securities raised their target price on shares of Oracle from $240.00 to $315.00 and gave the company a "market outperform" rating in a research report on Friday, July 18th. Nine analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three 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 an average target price of $218.29.

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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