Oracle Corporation (NYSE:ORCL) Shares Purchased by Narwhal Capital Management

Narwhal Capital Management boosted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 232.3% in the first quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 21,963 shares of the enterprise software provider's stock after purchasing an additional 15,354 shares during the quarter. Narwhal Capital Management's holdings in Oracle were worth $3,071,000 at the end of the most recent reporting period.

Several other institutional investors have also modified their holdings of the company. Sunbeam Capital Management LLC acquired a new stake in Oracle in the fourth quarter worth approximately $30,000. Hurley Capital LLC purchased a new position in Oracle during the 4th quarter valued at about $33,000. Inlight Wealth Management LLC acquired a new position in Oracle in the 1st quarter valued at approximately $28,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle during the 4th quarter valued at about $34,000. Finally, Mpwm Advisory Solutions LLC bought a new position in shares of Oracle during the 4th quarter valued at $36,000. Institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of NYSE ORCL opened at $207.08 on Tuesday. 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 firm has a market cap of $581.65 billion, a PE ratio of 47.71, a PEG ratio of 3.08 and a beta of 1.32. The company has a fifty day moving average price of $161.85 and a 200 day moving average price of $161.26. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $216.60.

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 analysts' consensus estimates of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business had revenue of $15.90 billion during the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter last year, the firm earned $1.63 earnings per share. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.97%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

A number of equities analysts have recently commented on ORCL shares. UBS Group reiterated a "buy" rating and issued a $225.00 price objective (up from $200.00) on shares of Oracle in a research note on Thursday, June 12th. Deutsche Bank Aktiengesellschaft reissued a "buy" rating and issued a $240.00 target price (up from $200.00) on shares of Oracle in a report on Thursday, June 12th. CIBC reissued a "buy" rating on shares of Oracle in a report on Monday, June 9th. Guggenheim increased their target price on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. Finally, DA Davidson raised their price target on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. Eleven research analysts have rated the stock with a hold rating, twenty-one have assigned a buy rating and two have assigned a strong buy rating to the stock. According to data from MarketBeat.com, the stock currently has an average rating of "Moderate Buy" and an average target price of $196.74.

Insider Activity

In related news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the sale, the director now owns 58,090 shares of the company's stock, valued at $7,538,339.30. This represents a 7.93% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is available through the SEC website. Also, Director Naomi O. Seligman sold 2,000 shares of the business'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 completion of the transaction, the director now directly owns 34,630 shares of the company's stock, valued at approximately $5,049,400.30. This trade represents a 5.46% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock valued at $83,395,223 over the last ninety days. 42.20% of the stock is currently owned by company insiders.

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.

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