TFR Capital LLC. Buys 1,420 Shares of Oracle Corporation (NYSE:ORCL)

TFR Capital LLC. lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 73.8% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,345 shares of the enterprise software provider's stock after acquiring an additional 1,420 shares during the quarter. TFR Capital LLC.'s holdings in Oracle were worth $468,000 as of its most recent filing with the SEC.

A number of other hedge funds have also made changes to their positions in the stock. Harel Insurance Investments & Financial Services Ltd. increased its holdings in Oracle by 71.6% in the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock valued at $35,984,000 after buying an additional 107,404 shares during the period. Rockland Trust Co. lifted its stake in 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 boosted its holdings in Oracle by 1.5% during the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock valued at $99,445,000 after purchasing an additional 10,426 shares in the last quarter. Cornerstone Advisory LLC grew its stake in shares of Oracle by 34.1% in the 4th quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock valued at $2,258,000 after purchasing an additional 3,299 shares during the period. Finally, Peak Retirement Planning Inc. acquired a new position in shares of Oracle in the 4th quarter worth approximately $211,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle 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 transaction, the insider directly owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction on Monday, May 5th. The shares were sold at an average price of $149.53, for a total transaction of $428,552.98. Following the transaction, the director owned 31,764 shares in the company, valued at $4,749,670.92. This trade represents a 8.28% decrease in their position. The disclosure for this sale can be found here. In the last three months, insiders sold 445,366 shares of company stock worth $84,784,653. 42.20% of the stock is owned by insiders.

Wall Street Analyst Weigh In

Several brokerages recently commented on ORCL. JMP Securities set a $240.00 price target on Oracle and gave the company a "market outperform" rating in a research note on Thursday, June 12th. Loop Capital set a $135.00 price objective on Oracle in a report on Tuesday, June 10th. JPMorgan Chase & Co. boosted their target price on shares of Oracle from $135.00 to $185.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reiterated a "buy" rating and set a $240.00 target price (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Finally, Cowen reissued a "buy" rating on shares of Oracle in a report on Thursday, June 12th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and a consensus target price of $209.33.

Oracle Stock Performance

Shares of NYSE ORCL traded down $4.55 during midday trading on Friday, hitting $230.45. 10,172,356 shares of the stock traded hands, compared to its average volume of 10,270,690. 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 firm has a market capitalization of $647.30 billion, a P/E ratio of 53.10, a PEG ratio of 3.45 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year high of $241.44. The firm has a 50-day moving average of $187.16 and a two-hundred day moving average of $166.46.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS 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 net margin of 21.68% and a return on equity of 87.34%. The business's revenue was up 11.3% on a year-over-year basis. During the same quarter in the prior year, the firm earned $1.63 EPS. On average, equities analysts forecast that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced 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. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.