Oracle Corporation (NYSE:ORCL) Shares Purchased by Prudent Man Advisors LLC

Prudent Man Advisors LLC raised its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 211.0% during the first quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The fund owned 6,451 shares of the enterprise software provider's stock after buying an additional 4,377 shares during the quarter. Prudent Man Advisors LLC's holdings in Oracle were worth $902,000 at the end of the most recent quarter.

A number of other large investors also recently bought and sold shares of ORCL. Redmont Wealth Advisors LLC purchased a new stake in Oracle during the first quarter worth about $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle during the first quarter worth about $28,000. Iron Horse Wealth Management LLC increased its stake in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after purchasing an additional 151 shares during the period. Sunbeam Capital Management LLC purchased a new stake in Oracle during the fourth quarter worth about $30,000. Finally, Hurley Capital LLC purchased a new stake in Oracle during the fourth quarter worth about $33,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock traded down $4.55 during trading hours on Friday, hitting $230.45. The stock had a trading volume of 10,172,356 shares, compared to its average volume of 10,270,690. The firm has a market capitalization of $647.30 billion, a PE ratio of 53.10, a PEG ratio of 3.45 and a beta of 1.39. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.44. The stock's 50 day moving average is $187.16 and its 200 day moving average is $166.46. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last posted its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, beating the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company's revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 earnings per share. As a group, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Insiders Place Their Bets

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the sale, the insider directly owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction 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 sale, the director directly owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last three months, insiders sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is owned by insiders.

Analyst Ratings Changes

A number of analysts have issued reports on the stock. Jefferies Financial Group boosted their price target on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Royal Bank Of Canada upped their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. BMO Capital Markets upped their target price on shares of Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research note on Wednesday, July 2nd. Barclays restated an "overweight" rating and set a $221.00 target price (up from $202.00) on shares of Oracle in a research note on Friday, June 13th. Finally, The Goldman Sachs Group restated a "neutral" rating and set a $195.00 target price (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. Nine investment analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company's stock. Based on data from MarketBeat.com, the stock presently has an average rating of "Moderate Buy" and an average price target of $209.33.

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.