Oracle Corporation (NYSE:ORCL) Shares Purchased by Perfromance Wealth Partners LLC

Perfromance Wealth Partners LLC boosted its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 17.1% during the first quarter, according to its most recent Form 13F filing with the SEC. The fund owned 220,209 shares of the enterprise software provider's stock after buying an additional 32,160 shares during the period. Oracle accounts for 1.1% of Perfromance Wealth Partners LLC's investment portfolio, making the stock its 14th largest position. Perfromance Wealth Partners LLC's holdings in Oracle were worth $30,787,000 as of its most recent filing with the SEC.

Several other large investors also recently added to or reduced their stakes in ORCL. Norges Bank purchased a new stake in shares of Oracle in the 4th quarter valued at approximately $2,216,314,000. Raymond James Financial Inc. acquired a new position in Oracle in the fourth quarter valued at approximately $930,095,000. GAMMA Investing LLC grew its position in Oracle by 15,012.3% in the first quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock worth $664,810,000 after acquiring an additional 4,723,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC increased its stake in Oracle by 20.5% during the fourth quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock worth $2,303,858,000 after acquiring an additional 2,350,448 shares during the last quarter. Finally, Vanguard Group Inc. raised its position in Oracle by 1.5% in the fourth quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after purchasing an additional 2,296,069 shares during the period. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Oracle Stock Performance

Shares of ORCL stock opened at $205.06 on Friday. The company has a market cap of $573.53 billion, a P/E ratio of 47.25, a PEG ratio of 3.16 and a beta of 1.32. The company has a current ratio of 0.75, a quick ratio of 1.02 and a debt-to-equity ratio of 4.07. The firm has a fifty day moving average price of $160.39 and a 200 day moving average price of $161.52. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $216.60.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the company earned $1.63 EPS. Sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

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 given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.98%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is 46.08%.

Analyst Ratings Changes

A number of brokerages recently issued reports on ORCL. Guggenheim raised their price objective on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday. UBS Group reiterated a "buy" rating and set a $225.00 price target (up from $200.00) on shares of Oracle in a research report on Thursday, June 12th. JMP Securities set a $240.00 price objective on shares of Oracle and gave the stock a "market outperform" rating in a report on Thursday, June 12th. Westpark Capital increased their price objective on shares of Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research report on Thursday, June 12th. Finally, Bank of America boosted their target price on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Oracle has an average rating of "Moderate Buy" and a consensus price target of $196.74.

Insider Buying and Selling

In related news, Director Leon E. Panetta sold 5,000 shares of the firm's 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 transaction, the director now owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the sale, the insider now owns 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The disclosure for this sale can be found here. Insiders have sold 442,366 shares of company stock worth $83,395,223 in the last ninety days. 42.20% of the stock is owned by corporate insiders.

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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