Oracle Corporation (NYSE:ORCL) Shares Purchased by Millstone Evans Group LLC

Millstone Evans Group LLC raised its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 628.3% during the 1st quarter, according to its most recent filing with the Securities and Exchange Commission (SEC). The firm owned 32,896 shares of the enterprise software provider's stock after buying an additional 28,379 shares during the quarter. Oracle accounts for approximately 3.1% of Millstone Evans Group LLC's holdings, making the stock its 6th biggest holding. Millstone Evans Group LLC's holdings in Oracle were worth $4,599,000 at the end of the most recent quarter.

Several other institutional investors and hedge funds have also recently bought and sold shares of ORCL. Greenwood Gearhart Inc. increased its position in Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after purchasing an additional 66 shares in the last quarter. WorthPointe LLC increased its position in Oracle by 4.0% during the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after purchasing an additional 67 shares in the last quarter. Stage Harbor Financial LLC increased its position in Oracle by 5.0% during the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after purchasing an additional 68 shares in the last quarter. Prestige Wealth Management Group LLC increased its position in Oracle by 0.6% during the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock worth $1,881,000 after purchasing an additional 70 shares in the last quarter. Finally, Hurlow Wealth Management Group Inc. increased its position in Oracle by 1.7% during the 4th quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock worth $691,000 after purchasing an additional 70 shares in the last quarter. Institutional investors own 42.44% of the company's stock.

Insiders Place Their Bets

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total transaction of $76,168,000.00. Following the transaction, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which is accessible through this link. Also, Director Rona Alison Fairhead purchased 480 shares of the business's stock in a transaction dated Monday, July 7th. The shares were purchased at an average price of $233.87 per share, for a total transaction of $112,257.60. Following the purchase, the director owned 22,110 shares of the company's stock, valued at approximately $5,170,865.70. This trade represents a 2.22% increase in their position. The disclosure for this purchase can be found here. Over the last 90 days, insiders have sold 448,669 shares of company stock valued at $85,555,309. Insiders own 42.20% of the company's stock.

Wall Street Analysts Forecast Growth

ORCL has been the topic of several research reports. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. DA Davidson increased their target price on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. KeyCorp increased their target price on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Barclays reiterated an "overweight" rating and issued a $221.00 target price (up previously from $202.00) on shares of Oracle in a report on Friday, June 13th. Finally, CIBC reiterated a "buy" rating on shares of Oracle in a report on Monday, June 9th. Nine research analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and two have given a strong buy rating to the company. According to MarketBeat, the stock has an average rating of "Moderate Buy" and a consensus target price of $218.29.

Oracle Price Performance

Shares of NYSE ORCL traded down $5.17 during midday trading on Tuesday, reaching $238.37. 11,355,365 shares of the stock traded hands, compared to its average volume of 10,362,326. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock has a market capitalization of $669.53 billion, a PE ratio of 54.92, a P/E/G ratio of 3.66 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year high of $251.60. The company's 50 day moving average is $196.21 and its 200 day moving average is $168.97.

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

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. Oracle's payout ratio is 46.08%.

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.