Oracle Corporation (NYSE:ORCL) Shares Bought by NovaPoint Capital LLC

NovaPoint Capital LLC boosted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 4.7% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund owned 29,107 shares of the enterprise software provider's stock after buying an additional 1,304 shares during the period. Oracle makes up about 1.3% of NovaPoint Capital LLC's portfolio, making the stock its 29th biggest holding. NovaPoint Capital LLC's holdings in Oracle were worth $4,069,000 at the end of the most recent reporting period.

Several other institutional investors have also added to or reduced their stakes in the company. Redmont Wealth Advisors LLC bought a new stake in Oracle during the first quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle in the 1st quarter worth approximately $28,000. Sunbeam Capital Management LLC bought a new position in shares of Oracle during the 4th quarter valued at approximately $30,000. Hurley Capital LLC bought a new position in shares of Oracle during the 4th quarter valued at approximately $33,000. Finally, Synergy Investment Management LLC purchased a new stake in Oracle during the 4th quarter valued at $34,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. This trade represents a 19.81% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction that occurred on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director owned 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 440,366 shares of company stock worth $83,103,603 over the last ninety days. Insiders own 42.20% of the company's stock.

Oracle Stock Up 3.2%

ORCL stock traded up $7.41 during trading on Friday, reaching $237.39. 18,441,376 shares of the company traded hands, compared to its average volume of 10,140,491. The business has a 50 day simple moving average of $176.16 and a 200 day simple moving average of $163.79. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $237.99. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $666.79 billion, a price-to-earnings ratio of 54.70, a price-to-earnings-growth ratio of 3.44 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last released 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. The business had revenue of $15.90 billion for 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%. The company's revenue was up 11.3% compared to the same quarter last year. During the same period last year, the business earned $1.63 EPS. On average, equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

A number of research analysts have weighed in on the stock. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Guggenheim lifted their price target on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research note on Wednesday, June 18th. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Barclays reissued an "overweight" rating and issued a $221.00 price objective (up previously from $202.00) on shares of Oracle in a research note on Friday, June 13th. Finally, DA Davidson boosted their target price on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Ten analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, Oracle presently has an average rating of "Moderate Buy" and an average price target of $204.15.

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.