Golden State Wealth Management LLC Increases Position in Oracle Corporation (NYSE:ORCL)

Golden State Wealth Management LLC lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 237.6% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 8,106 shares of the enterprise software provider's stock after buying an additional 5,705 shares during the period. Golden State Wealth Management LLC's holdings in Oracle were worth $1,134,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also made changes to their positions in the company. Cookson Peirce & Co. Inc. grew its position in shares of Oracle by 4.4% in the 4th quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock valued at $237,000 after buying an additional 60 shares during the last quarter. Greenwood Gearhart Inc. raised its stake in Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares in the last quarter. WorthPointe LLC raised its stake in Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after acquiring an additional 67 shares in the last quarter. CORDA Investment Management LLC. raised its stake in Oracle by 0.9% during the 4th quarter. CORDA Investment Management LLC. now owns 7,966 shares of the enterprise software provider's stock worth $1,328,000 after acquiring an additional 68 shares in the last quarter. Finally, Stage Harbor Financial LLC raised its stake in Oracle by 5.0% during the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after acquiring an additional 68 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total value of $291,620.00. Following the sale, the director now owns 34,630 shares of the company's stock, valued at $5,049,400.30. This represents a 5.46% decrease in their ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction dated 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 sale, the insider now directly owns 1,097,576 shares in the company, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 442,366 shares of company stock worth $83,395,223 in the last quarter. Company insiders own 42.20% of the company's stock.

Analyst Ratings Changes

Several brokerages recently commented on ORCL. The Goldman Sachs Group reiterated a "neutral" rating and set a $195.00 price target (up from $145.00) on shares of Oracle in a research note on Friday, June 13th. JPMorgan Chase & Co. lifted their price target on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. BMO Capital Markets upgraded shares of Oracle from a "market perform" rating to an "outperform" rating and lifted their price target for the stock from $200.00 to $235.00 in a research note on Friday, June 13th. 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 note on Tuesday, April 15th. Finally, Cantor Fitzgerald dropped their price objective on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research note on Tuesday, March 11th. Eleven investment analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.67.

Oracle Price Performance

Shares of ORCL stock traded down $2.66 during midday trading on Friday, reaching $210.16. 14,120,277 shares of the company traded hands, compared to its average volume of 9,885,872. The firm's 50 day simple moving average is $168.42 and its two-hundred day simple moving average is $162.15. The firm has a market cap of $590.31 billion, a PE ratio of 48.42, a price-to-earnings-growth ratio of 3.15 and a beta of 1.32. 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 Corporation has a 1-year low of $118.86 and a 1-year high of $216.93.

Oracle (NYSE:ORCL - Get Free Report) last released its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations 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 quarter in the prior year, the firm posted $1.63 EPS. On average, equities research analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.95%. The ex-dividend date is Thursday, July 10th. Oracle's dividend 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.