Oracle Corporation $ORCL Shares Purchased by FORA Capital LLC

Key Points

• FORA Capital LLC significantly increased its stake in Oracle Corporation by 509.4%, owning 124,101 shares valued at $17.35 million, making it their largest holding.
• Oracle's stock has received multiple price target increases from various analysts, with targets reaching as high as $250.00 and a consensus target price of $227.04.
• The company recently reported a quarterly earnings per share of $1.70, surpassing analyst expectations, alongside a 21.68% net margin and a revenue of $15.90 billion.

FORA Capital LLC increased its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 509.4% in the first quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 124,101 shares of the enterprise software provider's stock after purchasing an additional 103,736 shares during the quarter. Oracle accounts for about 1.8% of FORA Capital LLC's investment portfolio, making the stock its largest holding. FORA Capital LLC's holdings in Oracle were worth $17,351,000 at the end of the most recent quarter.

Other institutional investors and hedge funds have also recently bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle during the 1st quarter worth approximately $28,000. Iron Horse Wealth Management LLC grew its position in Oracle by 284.9% in the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after acquiring an additional 151 shares in the last quarter. Sunbeam Capital Management LLC acquired a new stake in Oracle in the fourth quarter valued at approximately $30,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle in the fourth quarter valued at approximately $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Analysts Set New Price Targets

ORCL has been the subject of several recent research reports. Guggenheim increased their price objective on shares of Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research report on Wednesday, June 18th. Stifel Nicolaus raised shares of Oracle from a "hold" rating to a "buy" rating and increased their price objective for the company from $180.00 to $250.00 in a research report on Monday, June 30th. Citigroup raised shares of Oracle from a "hold" rating to a "strong-buy" rating in a research report on Friday, July 18th. KeyCorp increased their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday, June 12th. Finally, Royal Bank Of Canada increased their price objective on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Three investment analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have assigned a Hold rating to the stock. According to data from MarketBeat, the company has an average rating of "Moderate Buy" and a consensus target price of $227.04.

Oracle Stock Down 0.4%

ORCL stock opened at $235.48 on Tuesday. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $260.87. 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 capitalization of $661.42 billion, a P/E ratio of 54.26, a PEG ratio of 3.53 and a beta of 1.43. The firm has a 50 day simple moving average of $235.86 and a 200-day simple moving average of $183.37.

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

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were issued a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a yield of 0.8%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Insider Transactions at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle 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 completion of the transaction, the insider owned 60,722 shares of the company's stock, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is available through this link. Also, EVP Maria Smith sold 10,000 shares of Oracle stock in a transaction 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 completion of the transaction, the executive vice president directly owned 40,807 shares of the company's stock, valued at approximately $9,507,622.93. This represents a 19.68% decrease in their position. The disclosure for this sale can be found here. Insiders have sold a total of 444,183 shares of company stock valued at $86,521,198 over the last quarter. Insiders own 42.20% of the company's stock.

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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