Oracle Corporation (NYSE:ORCL) Shares Purchased by Main Street Research LLC

Main Street Research LLC lifted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 3.0% during the first quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund owned 217,589 shares of the enterprise software provider's stock after acquiring an additional 6,263 shares during the period. Oracle accounts for approximately 2.0% of Main Street Research LLC's portfolio, making the stock its 27th biggest holding. Main Street Research LLC's holdings in Oracle were worth $30,421,000 at the end of the most recent reporting period.

Several other large investors have also recently added to or reduced their stakes in the business. Brighton Jones LLC raised its stake in Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares in the last quarter. Revolve Wealth Partners LLC raised its stake in shares of Oracle by 8.1% in the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after acquiring an additional 404 shares in the last quarter. Proficio Capital Partners LLC raised its stake in shares of Oracle by 8.5% in the 4th quarter. Proficio Capital Partners LLC now owns 26,853 shares of the enterprise software provider's stock valued at $4,475,000 after acquiring an additional 2,101 shares in the last quarter. Edgestream Partners L.P. acquired a new stake in shares of Oracle during the 4th quarter worth approximately $1,500,000. Finally, Moran Wealth Management LLC boosted its stake in Oracle by 11.8% in the 4th quarter. Moran Wealth Management LLC now owns 12,351 shares of the enterprise software provider's stock valued at $2,058,000 after buying an additional 1,304 shares in the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the 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 sale, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. This represents a 19.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, 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 sale, the insider directly owned 1,097,576 shares of the company's stock, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Insiders sold 450,366 shares of company stock valued at $85,433,503 in the last three months. 42.20% of the stock is currently owned by corporate insiders.

Analyst Ratings Changes

A number of equities research analysts have recently weighed in on the company. BMO Capital Markets boosted their target price on Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Citigroup restated an "outperform" rating on shares of Oracle in a research note on Thursday, June 12th. JPMorgan Chase & Co. lifted their price target on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. DA Davidson upped their price objective on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Finally, Cowen reiterated a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Ten research analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus target price of $204.15.

Oracle Price Performance

Shares of NYSE:ORCL traded down $1.10 during trading hours on Wednesday, hitting $233.41. 2,300,639 shares of the company's stock traded hands, compared to its average volume of 10,202,295. 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 company's fifty day simple moving average is $181.86 and its two-hundred day simple moving average is $165.14. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $241.44. The company has a market cap of $655.59 billion, a price-to-earnings ratio of 53.76, a price-to-earnings-growth ratio of 3.48 and a beta of 1.39.

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, beating analysts' consensus estimates of $1.64 by $0.06. The business had revenue of $15.90 billion for 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%. Oracle's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter last year, the firm earned $1.63 EPS. As a group, equities analysts anticipate 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 given a dividend of $0.50 per share. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.86%. Oracle's dividend payout ratio (DPR) is currently 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.

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