Sentry LLC Purchases 2,950 Shares of Oracle Corporation (NYSE:ORCL)

Sentry LLC grew its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 141.4% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 5,037 shares of the enterprise software provider's stock after buying an additional 2,950 shares during the period. Sentry LLC's holdings in Oracle were worth $704,000 at the end of the most recent quarter.

Several other large investors have also recently added to or reduced their stakes in the company. Highline Wealth Partners LLC increased its position in Oracle by 0.7% during the 1st quarter. Highline Wealth Partners LLC now owns 15,872 shares of the enterprise software provider's stock worth $2,219,000 after buying an additional 108 shares during the period. Sagespring Wealth Partners LLC increased its position in shares of Oracle by 15.4% in the first quarter. Sagespring Wealth Partners LLC now owns 17,011 shares of the enterprise software provider's stock worth $2,378,000 after purchasing an additional 2,271 shares during the period. Great Lakes Retirement Inc. increased its position in shares of Oracle by 112.0% in the first quarter. Great Lakes Retirement Inc. now owns 28,939 shares of the enterprise software provider's stock worth $4,046,000 after purchasing an additional 15,288 shares during the period. BDF Gestion bought a new position in shares of Oracle in the first quarter worth $4,893,000. Finally, Montecito Bank & Trust increased its position in shares of Oracle by 18.5% in the first quarter. Montecito Bank & Trust now owns 9,710 shares of the enterprise software provider's stock worth $1,358,000 after purchasing an additional 1,515 shares during the period. Institutional investors own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

A number of brokerages recently commented on ORCL. CIBC restated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $240.00 price target (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. DA Davidson raised their price target on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Piper Sandler restated a "neutral" rating and issued a $130.00 price target on shares of Oracle in a research report on Wednesday, June 11th. Finally, Westpark Capital raised their price objective on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat.com, the company has an average rating of "Moderate Buy" and a consensus target price of $194.32.

Oracle Trading Down 1.5%

Shares of ORCL stock traded down $3.25 during mid-day trading on Tuesday, reaching $207.85. 17,773,112 shares of the stock traded hands, compared to its average volume of 9,799,461. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $216.60. The company has a quick ratio of 1.02, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The company has a market cap of $581.34 billion, a price-to-earnings ratio of 47.89, a price-to-earnings-growth ratio of 3.13 and a beta of 1.32. The stock's fifty day simple moving average is $154.61 and its two-hundred day simple moving average is $160.49.

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 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 company 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 company earned $1.63 earnings per share. The firm's revenue was up 11.3% compared to the same quarter last year. On average, research analysts anticipate that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Announces Dividend

The business 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 dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.96%. Oracle's dividend payout ratio (DPR) is 46.08%.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 5,000 shares of Oracle stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at approximately $7,538,339.30. The trade was a 7.93% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of Oracle stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director now owns 31,764 shares of the company's stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 427,366 shares of company stock worth $80,183,723 over the last ninety days. 42.20% of the stock is owned by insiders.

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.