Oak Ridge Investments LLC Has $6.48 Million Stake in Oracle Corporation (NYSE:ORCL)

Key Points

• Oak Ridge Investments LLC increased its holdings in Oracle Corporation by 13.8% to own a total of 46,366 shares, valued at approximately $6.48 million.
• Oracle reported earnings of $1.70 EPS for the last quarter, exceeding estimates and showing an 11.3% year-over-year revenue increase.
• The company recently announced a quarterly dividend of $0.50 per share, with a current dividend yield of 0.8% and a payout ratio of 46.08%.

Oak Ridge Investments LLC increased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 13.8% in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 46,366 shares of the enterprise software provider's stock after purchasing an additional 5,612 shares during the quarter. Oak Ridge Investments LLC's holdings in Oracle were worth $6,482,000 at the end of the most recent quarter.

Several other institutional investors have also recently added to or reduced their stakes in ORCL. Redmont Wealth Advisors LLC acquired a new position in Oracle during the first quarter worth $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle during the first quarter worth $28,000. Iron Horse Wealth Management LLC lifted its position in shares of Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares in the last quarter. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the fourth quarter valued at $30,000. Finally, Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle in the fourth quarter valued at $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, insider Michael D. Sicilia sold 15,880 shares of the business's stock in a transaction dated Tuesday, August 5th. The stock was sold at an average price of $254.48, for a total value of $4,041,142.40. Following the completion of the sale, the insider owned 99,212 shares of the company's stock, valued at $25,247,469.76. The trade was a 13.80% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Rona Alison Fairhead acquired 480 shares of the business's stock in a transaction that occurred on Monday, July 7th. The shares were acquired at an average cost of $233.87 per share, with a total value of $112,257.60. Following the transaction, 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 position. The disclosure for this purchase can be found here. Over the last ninety days, insiders have sold 444,183 shares of company stock valued at $86,521,198. 42.20% of the stock is owned by corporate insiders.

Oracle Price Performance

Shares of NYSE ORCL traded up $3.52 during mid-day trading on Friday, reaching $248.48. The company had a trading volume of 11,535,891 shares, compared to its average volume of 9,821,110. 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 stock has a market cap of $697.94 billion, a PE ratio of 57.25, a P/E/G ratio of 3.66 and a beta of 1.43. The company has a 50-day moving average price of $229.06 and a two-hundred day moving average price of $179.81. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $260.87.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating 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 business had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the company posted $1.63 earnings per share. Oracle's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Announces Dividend

The business also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given a $0.50 dividend. The ex-dividend date of this dividend was Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.8%. Oracle's payout ratio is currently 46.08%.

Analyst Ratings Changes

Several equities analysts recently weighed in on ORCL shares. Citigroup upgraded Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 target price (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. Cowen restated a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Bank of America raised their price target on Oracle from $220.00 to $295.00 and gave the stock a "neutral" rating in a report on Tuesday, August 5th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $227.04.

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.