Private Advisory Group LLC Acquires 87,738 Shares of Oracle Corporation (NYSE:ORCL)

Key Points

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Private Advisory Group LLC raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 1,093.6% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 95,761 shares of the enterprise software provider's stock after buying an additional 87,738 shares during the period. Oracle accounts for 1.5% of Private Advisory Group LLC's holdings, making the stock its 15th largest holding. Private Advisory Group LLC's holdings in Oracle were worth $13,388,000 as of its most recent filing with the Securities and Exchange Commission (SEC).

Other hedge funds have also recently added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. lifted its holdings in shares of Oracle by 71.6% during the first quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after purchasing an additional 107,404 shares during the period. Rockland Trust Co. lifted its holdings in shares of Oracle by 4.8% during the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock worth $1,421,000 after purchasing an additional 467 shares during the period. Calamos Advisors LLC lifted its holdings in Oracle by 1.5% in the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after buying an additional 10,426 shares during the period. Cornerstone Advisory LLC boosted its position in Oracle by 34.1% during the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after acquiring an additional 3,299 shares during the last quarter. Finally, Peak Retirement Planning Inc. bought a new stake in Oracle during the fourth quarter valued at $211,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

ORCL has been the topic of a number of research analyst reports. Mizuho cut their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research report on Tuesday, April 15th. CIBC reaffirmed a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Cowen reaffirmed a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Oppenheimer reaffirmed an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Loop Capital set a $135.00 price target on shares of Oracle in a research note on Tuesday, June 10th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and an average price target of $218.29.

Insider Activity at Oracle

In related news, Director Rona Alison Fairhead purchased 480 shares of the firm's stock in a transaction dated 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 acquisition, the director directly owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This represents a 2.22% increase in their ownership of the stock. The purchase was disclosed in a legal filing with the Securities & Exchange Commission, which is available through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 431,169 shares of company stock worth $82,908,609 in the last ninety days. Insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock traded down $6.50 during trading on Friday, reaching $247.27. 3,131,479 shares of the company's stock traded hands, compared to its average volume of 12,038,698. The company has a market capitalization of $694.55 billion, a P/E ratio of 56.91, a PEG ratio of 3.74 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. The firm's 50-day moving average is $211.78 and its 200 day moving average is $174.13. 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 announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The company 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%. Oracle's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company posted $1.63 EPS. Equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

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

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.