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

Capital Insight Partners LLC raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 2.8% in the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The fund owned 40,205 shares of the enterprise software provider's stock after acquiring an additional 1,092 shares during the period. Capital Insight Partners LLC's holdings in Oracle were worth $5,621,000 at the end of the most recent quarter.

A number of other hedge funds also recently bought and sold shares of the business. Greenwood Gearhart Inc. raised its holdings in shares of Oracle by 1.2% during the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after acquiring an additional 66 shares during the period. WorthPointe LLC raised its holdings in shares of Oracle by 4.0% during the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after acquiring an additional 67 shares during the period. Stage Harbor Financial LLC raised its holdings in shares of Oracle by 5.0% during the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after acquiring an additional 68 shares during the period. J. L. Bainbridge & Co. Inc. raised its holdings in shares of Oracle by 5.5% during the fourth quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock valued at $226,000 after acquiring an additional 70 shares during the period. Finally, Prestige Wealth Management Group LLC raised its holdings in shares of Oracle by 0.6% during the fourth quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock valued at $1,881,000 after acquiring an additional 70 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Activity

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this link. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's 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 transaction, the insider owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last quarter, insiders sold 450,366 shares of company stock worth $85,433,503. Corporate insiders own 42.20% of the company's stock.

Analyst Ratings Changes

A number of equities research analysts have recently issued reports on ORCL shares. Bank of America boosted their price target on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Barclays reaffirmed an "overweight" rating and set a $221.00 price objective (up from $202.00) on shares of Oracle in a research report on Friday, June 13th. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and boosted their price objective for the company from $180.00 to $250.00 in a research report on Monday, June 30th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, CIBC reaffirmed a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $209.33.

Oracle Price Performance

NYSE ORCL opened at $236.47 on Thursday. 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 company has a fifty day simple moving average of $183.77 and a 200 day simple moving average of $165.63. The company has a market cap of $664.20 billion, a P/E ratio of 54.49, a P/E/G ratio of 3.51 and a beta of 1.39. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $241.44.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results 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 firm had revenue of $15.90 billion during 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 business's quarterly 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 EPS. On average, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is currently 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.

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