Oracle Corporation (NYSE:ORCL) Shares Purchased by Western Wealth Management LLC

Western Wealth Management LLC raised its stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 19.6% during the 1st quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 12,464 shares of the enterprise software provider's stock after buying an additional 2,044 shares during the period. Western Wealth Management LLC's holdings in Oracle were worth $1,743,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Inlight Wealth Management LLC bought a new stake in shares of Oracle in the 1st quarter worth approximately $28,000. Sunbeam Capital Management LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $30,000. Hurley Capital LLC bought a new stake in shares of Oracle in the 4th quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new position in shares of Oracle in the fourth quarter worth approximately $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle in the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Price Performance

Shares of Oracle stock opened at $213.28 on Friday. The firm has a fifty day simple moving average of $166.79 and a 200-day simple moving average of $162.13. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $216.93. The stock has a market capitalization of $599.07 billion, a price-to-earnings ratio of 49.14, a PEG ratio of 3.16 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last released its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, beating the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion during the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The business's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the company earned $1.63 EPS. On average, sell-side analysts expect that Oracle Corporation will post 5 earnings per share for the current 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 paid a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a yield of 0.94%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Insider Activity at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction 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 sale, the insider now owns 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their position. The sale was disclosed in a filing with the SEC, which can be accessed through this link. Also, Director Leon E. Panetta sold 5,000 shares of the business's stock in a transaction on Friday, April 11th. The shares were sold at an average price of $129.77, for a total transaction of $648,850.00. Following the completion of the sale, the director now directly owns 58,090 shares in the company, valued at $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Insiders sold a total of 442,366 shares of company stock worth $83,395,223 in the last ninety days. 42.20% of the stock is currently owned by insiders.

Wall Street Analysts Forecast Growth

Several research firms have recently weighed in on ORCL. Evercore ISI reissued a "buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Guggenheim lifted their target price on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Royal Bank Of Canada lifted their target price on shares of Oracle from $145.00 to $195.00 and gave the stock a "sector perform" rating in a research report on Thursday, June 12th. Morgan Stanley reaffirmed an "overweight" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Monness Crespi & Hardt raised shares of Oracle from a "sell" rating to a "neutral" rating in a research report on Monday, March 3rd. Eleven analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have assigned a strong buy rating to the company's stock. Based on data from MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus target price of $197.67.

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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