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Pittenger & Anderson Inc. Grows Stake in Oracle Corporation (NYSE:ORCL)

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Pittenger & Anderson Inc. raised its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 3.9% in the first quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 45,139 shares of the enterprise software provider's stock after purchasing an additional 1,676 shares during the quarter. Pittenger & Anderson Inc.'s holdings in Oracle were worth $6,311,000 as of its most recent SEC filing.

A number of other hedge funds and other institutional investors have also bought and sold shares of the business. Rainey & Randall Wealth Advisors Inc. purchased a new position in Oracle during the 1st quarter worth $334,000. Iron Horse Wealth Management LLC boosted its holdings in shares of Oracle by 284.9% in the 1st 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 last quarter. TruNorth Capital Management LLC boosted its holdings in shares of Oracle by 272.3% in the 1st quarter. TruNorth Capital Management LLC now owns 5,890 shares of the enterprise software provider's stock worth $823,000 after buying an additional 4,308 shares during the last quarter. Louisiana State Employees Retirement System boosted its holdings in shares of Oracle by 0.9% in the 1st quarter. Louisiana State Employees Retirement System now owns 87,200 shares of the enterprise software provider's stock worth $12,191,000 after buying an additional 800 shares during the last quarter. Finally, Fulton Breakefield Broenniman LLC boosted its holdings in shares of Oracle by 20.9% in the 1st quarter. Fulton Breakefield Broenniman LLC now owns 2,840 shares of the enterprise software provider's stock worth $397,000 after buying an additional 490 shares during the last quarter. Institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In related news, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction that occurred on 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 transaction, the executive vice president owned 40,807 shares in the company, valued at approximately $9,507,622.93. This trade represents a 19.68% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the firm's stock in a transaction on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the sale, the director directly owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is owned by corporate insiders.

Analysts Set New Price Targets

Several research analysts recently weighed in on the stock. 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. Morgan Stanley reissued an "overweight" rating on shares of Oracle in a research note on Wednesday, June 18th. Royal Bank Of Canada raised their price target on Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research note on Thursday, June 12th. Cowen reaffirmed a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. Finally, Mizuho decreased their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a report on Tuesday, April 15th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the company's stock. Based on data from MarketBeat.com, the company presently has a consensus rating of "Moderate Buy" and a consensus price target of $211.37.

Get Our Latest Stock Analysis on ORCL

Oracle Stock Performance

Shares of ORCL stock traded up $6.29 during mid-day trading on Wednesday, reaching $241.25. The stock had a trading volume of 12,555,899 shares, compared to its average volume of 10,304,773. The business's fifty day moving average is $190.49 and its 200-day moving average is $167.32. 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 $677.64 billion, a price-to-earnings ratio of 55.59, a PEG ratio of 3.51 and a beta of 1.39. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $242.03.

Oracle (NYSE:ORCL - Get Free Report) last posted its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm 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%. Oracle's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same period last year, the company earned $1.63 earnings per share. On average, research analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company 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 $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.83%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Oracle Company Profile

(Free Report)

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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