Peterson Wealth Services Buys 17,230 Shares of Oracle Corporation (NYSE:ORCL)

Peterson Wealth Services increased its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 195.2% in the first quarter, according to its most recent 13F filing with the SEC. The firm owned 26,058 shares of the enterprise software provider's stock after purchasing an additional 17,230 shares during the period. Oracle makes up approximately 1.1% of Peterson Wealth Services' investment portfolio, making the stock its 27th largest position. Peterson Wealth Services' holdings in Oracle were worth $3,643,000 at the end of the most recent reporting period.

A number of other hedge funds have also recently made changes to their positions in ORCL. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the fourth quarter valued at about $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle in the fourth quarter valued at about $33,000. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle in the first quarter valued at about $27,000. Inlight Wealth Management LLC purchased a new stake in shares of Oracle in the first quarter valued at about $28,000. Finally, Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the period. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Price Performance

Shares of Oracle stock traded down $1.97 during mid-day trading on Monday, reaching $243.48. 7,261,988 shares of the stock were exchanged, compared to its average volume of 10,358,342. 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 company has a market cap of $683.89 billion, a price-to-earnings ratio of 50.50, a price-to-earnings-growth ratio of 3.66 and a beta of 1.39. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $251.60. The firm has a 50-day simple moving average of $196.21 and a 200 day simple moving average of $168.97.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS 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 analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's revenue for the quarter was up 11.3% on a year-over-year basis. During the same quarter in the previous year, the firm posted $1.63 earnings per share. On average, sell-side analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently disclosed 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 annualized dividend and a yield of 0.82%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Buying and Selling

In other Oracle news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the completion of the transaction, the executive vice president owned 40,807 shares of the company's stock, valued at $9,507,622.93. The trade was a 19.68% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider owned 1,097,576 shares of the company's stock, valued at approximately $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 448,669 shares of company stock worth $85,555,309 in the last quarter. 42.20% of the stock is currently owned by company insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently commented on ORCL shares. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Piper Sandler raised shares of Oracle from a "neutral" rating to an "overweight" rating and raised their target price for the company from $190.00 to $270.00 in a research note on Thursday, July 10th. Citigroup raised shares of Oracle from a "hold" rating to a "strong-buy" rating in a research note on Friday. Evercore ISI lifted their price target on shares of Oracle from $215.00 to $270.00 and gave the stock an "outperform" rating in a research note on Monday, July 14th. Finally, TD Cowen lifted their price target on shares of Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a research note on Thursday, July 3rd. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have issued a strong buy rating to the company's stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price of $218.29.

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.