New Millennium Group LLC Buys 1,233 Shares of Oracle Corporation (NYSE:ORCL)

New Millennium Group LLC increased its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 21.1% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 7,072 shares of the enterprise software provider's stock after acquiring an additional 1,233 shares during the quarter. Oracle comprises approximately 0.6% of New Millennium Group LLC's investment portfolio, making the stock its 26th biggest holding. New Millennium Group LLC's holdings in Oracle were worth $989,000 at the end of the most recent reporting period.

A number of other institutional investors have also recently bought and sold shares of ORCL. Smith Salley Wealth Management raised its position in shares of Oracle by 9.9% during the first quarter. Smith Salley Wealth Management now owns 4,592 shares of the enterprise software provider's stock worth $642,000 after purchasing an additional 412 shares during the period. Barnes Dennig Private Wealth Management LLC bought a new stake in Oracle during the 1st quarter worth approximately $88,000. Beaton Management Co. Inc. raised its holdings in Oracle by 1.4% during the 1st quarter. Beaton Management Co. Inc. now owns 7,469 shares of the enterprise software provider's stock worth $1,044,000 after buying an additional 100 shares during the period. Koshinski Asset Management Inc. lifted its stake in Oracle by 16.9% in the first quarter. Koshinski Asset Management Inc. now owns 11,923 shares of the enterprise software provider's stock valued at $1,667,000 after buying an additional 1,722 shares in the last quarter. Finally, J.Safra Asset Management Corp boosted its holdings in shares of Oracle by 66.9% in the first quarter. J.Safra Asset Management Corp now owns 6,197 shares of the enterprise software provider's stock valued at $866,000 after buying an additional 2,483 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director owned 31,764 shares in the company, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction 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 sale, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. This represents a 19.81% 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 valued at $83,395,223. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock traded up $0.49 during midday trading on Tuesday, hitting $219.12. 16,696,813 shares of the company were exchanged, compared to its average volume of 10,001,527. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $228.22. The firm has a market capitalization of $615.47 billion, a P/E ratio of 50.49, a PEG ratio of 3.15 and a beta of 1.32. The firm's 50 day moving average price is $170.34 and its two-hundred day moving average price is $162.47. 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 (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 net margin of 21.68% and a return on equity of 87.34%. The firm had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same period last year, the business posted $1.63 earnings per share. The business's revenue for the quarter was up 11.3% compared to the same quarter last year. As a group, equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.91%. Oracle's payout ratio is currently 46.08%.

Analyst Upgrades and Downgrades

A number of equities analysts recently weighed in on the stock. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. The Goldman Sachs Group reaffirmed a "neutral" rating and set a $195.00 price objective (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Mizuho decreased their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Bank of America boosted their target price on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Finally, KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a research note on Thursday, June 12th. Ten analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus target price of $200.26.

Oracle 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.