Oracle Corporation (NYSE:ORCL) Shares Acquired by Private Advisor Group LLC

Private Advisor Group LLC lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 6.7% in the 1st quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The firm owned 133,204 shares of the enterprise software provider's stock after buying an additional 8,398 shares during the quarter. Private Advisor Group LLC's holdings in Oracle were worth $18,623,000 as of its most recent filing with the Securities & Exchange Commission.

Several other large investors also recently modified their holdings of the stock. Sunbeam Capital Management LLC bought a new position in shares of Oracle in the 4th quarter worth $30,000. Hurley Capital LLC bought a new position in Oracle during the 4th quarter valued at $33,000. Redmont Wealth Advisors LLC bought a new position in Oracle during the 1st quarter valued at $27,000. Inlight Wealth Management LLC bought a new position in Oracle during the 1st quarter valued at $28,000. Finally, Iron Horse Wealth Management LLC lifted its stake in Oracle by 284.9% during the 1st quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Buying and Selling

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred 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 transaction, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, EVP Maria Smith sold 10,000 shares of the stock in a transaction that occurred on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the transaction, the executive vice president owned 40,807 shares in the company, valued at $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 448,669 shares of company stock worth $85,555,309 over the last ninety days. Corporate insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages recently weighed in on ORCL. Roth Capital reissued a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. BMO Capital Markets lifted their target price on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a report on Wednesday, July 2nd. Piper Sandler raised Oracle from a "neutral" rating to an "overweight" rating and lifted their target price for the company from $190.00 to $270.00 in a report on Thursday, July 10th. Deutsche Bank Aktiengesellschaft reaffirmed a "buy" rating and set a $240.00 target price (up previously from $200.00) on shares of Oracle in a report on Thursday, June 12th. Finally, CIBC reissued a "buy" rating on shares of Oracle in a 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 three have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus target price of $218.29.

Oracle Price Performance

ORCL traded down $3.45 on Friday, hitting $245.30. 9,671,806 shares of the company's stock traded hands, compared to its average volume of 10,370,432. The company's 50 day simple moving average is $196.21 and its 200-day simple moving average is $168.95. The firm has a market cap of $689.01 billion, a price-to-earnings ratio of 56.52, a P/E/G ratio of 3.67 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year high of $251.60. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results 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 firm had revenue of $15.90 billion for 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 for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the previous year, the company posted $1.63 EPS. As a group, research analysts anticipate that Oracle Corporation will post 5 EPS for the current year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.82%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.