BluePointe Capital Management LLC Buys 1,407 Shares of Oracle Corporation (NYSE:ORCL)

BluePointe Capital Management LLC raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 116.0% in the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 2,620 shares of the enterprise software provider's stock after purchasing an additional 1,407 shares during the period. BluePointe Capital Management LLC's holdings in Oracle were worth $366,000 at the end of the most recent reporting period.

Several other large investors have also recently modified their holdings of ORCL. Brighton Jones LLC increased its stake in shares of Oracle by 189.3% in the fourth quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock worth $25,593,000 after purchasing an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC increased its holdings 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 worth $903,000 after acquiring an additional 404 shares during the period. Proficio Capital Partners LLC lifted its stake in Oracle by 8.5% in the 4th quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider's stock worth $4,475,000 after purchasing an additional 2,101 shares in the last quarter. Harbour Investments Inc. boosted its holdings in Oracle by 3.3% in the 4th quarter. Harbour Investments Inc. now owns 19,561 shares of the enterprise software provider's stock valued at $3,260,000 after purchasing an additional 624 shares during the period. Finally, Patten & Patten Inc. TN boosted its holdings in Oracle by 5.0% in the 4th quarter. Patten & Patten Inc. TN now owns 9,739 shares of the enterprise software provider's stock valued at $1,623,000 after purchasing an additional 467 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Activity at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction 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 position. The transaction was disclosed in a filing with the SEC, which is available through this link. Also, Director Rona Alison Fairhead purchased 480 shares of the stock in a transaction that occurred on Monday, July 7th. The shares were purchased at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the acquisition, the director directly owned 22,110 shares in the company, valued at $5,170,865.70. The trade was a 2.22% increase in their ownership of the stock. The disclosure for this purchase can be found here. Insiders sold a total of 445,366 shares of company stock worth $84,784,653 over the last ninety days. Insiders own 42.20% of the company's stock.

Oracle Trading Up 2.7%

Shares of ORCL traded up $6.29 during mid-day trading on Wednesday, reaching $241.25. The company's stock had a trading volume of 12,555,899 shares, compared to its average volume of 10,304,773. The stock has a market cap of $677.64 billion, a PE ratio of 55.59, a P/E/G ratio of 3.51 and a beta of 1.39. The company has a current ratio of 0.75, a quick 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 $242.03. The company's fifty day moving average price is $192.33 and its two-hundred day moving average price is $167.83.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates 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 analyst estimates of $15.58 billion. During the same period in the previous year, the business posted $1.63 EPS. The business's quarterly revenue was up 11.3% on a year-over-year basis. On average, analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal 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 is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.83%. Oracle's dividend payout ratio is currently 46.08%.

Wall Street Analysts Forecast Growth

Several brokerages have commented on ORCL. Citigroup reissued an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. DA Davidson raised their price target on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Jefferies Financial Group raised their price target on shares of Oracle from $190.00 to $200.00 and gave the company a "buy" rating in a report on Monday, June 9th. Finally, Loop Capital set a $135.00 price target on shares of Oracle in a report on Tuesday, June 10th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $211.37.

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.