Oracle Corporation $ORCL Stock Holdings Boosted by Paragon Private Wealth Management LLC

Paragon Private Wealth Management LLC raised its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 87.2% in the first quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 3,478 shares of the enterprise software provider's stock after purchasing an additional 1,620 shares during the quarter. Paragon Private Wealth Management LLC's holdings in Oracle were worth $486,000 as of its most recent SEC filing.

A number of other institutional investors and hedge funds have also recently added to or reduced their stakes in ORCL. Brighton Jones LLC lifted its position in shares of Oracle by 189.3% during the 4th quarter. Brighton Jones LLC now owns 153,580 shares of the enterprise software provider's stock valued at $25,593,000 after acquiring an additional 100,494 shares during the last quarter. Revolve Wealth Partners LLC lifted its position in shares of Oracle by 8.1% during the 4th quarter. Revolve Wealth Partners LLC now owns 5,418 shares of the enterprise software provider's stock valued at $903,000 after acquiring an additional 404 shares during the last quarter. Brown Advisory Inc. lifted its position in shares of Oracle by 5.5% during the 4th quarter. Brown Advisory Inc. now owns 248,709 shares of the enterprise software provider's stock valued at $41,445,000 after acquiring an additional 13,038 shares during the last quarter. Cary Street Partners Financial LLC acquired a new stake in shares of Oracle during the 4th quarter valued at $2,550,000. Finally, Bridgeway Capital Management LLC lifted its position in shares of Oracle by 5.2% during the 4th quarter. Bridgeway Capital Management LLC now owns 110,361 shares of the enterprise software provider's stock valued at $18,391,000 after acquiring an additional 5,425 shares during the last quarter. 42.44% of the stock is owned by institutional investors.

Analyst Ratings Changes

A number of brokerages have recently commented on ORCL. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. DA Davidson increased their price objective on Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Mizuho increased their target price on Oracle from $245.00 to $300.00 and gave the company an "outperform" rating in a report on Friday, August 15th. KeyCorp increased their target price on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Finally, Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and increased their target price for the company from $180.00 to $250.00 in a report on Monday, June 30th. Three research analysts have rated the stock with a Strong Buy rating, twenty-three have issued a Buy rating and eight have given a Hold rating to the company's stock. Based on data from MarketBeat.com, the stock currently has a consensus rating of "Moderate Buy" and a consensus price target of $227.04.

Oracle Price Performance

Shares of NYSE:ORCL opened at $225.11 on Wednesday. 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 $260.87. The business has a fifty day simple moving average of $238.48 and a 200 day simple moving average of $185.65. The firm has a market cap of $632.30 billion, a price-to-earnings ratio of 51.87, a P/E/G ratio of 3.38 and a beta of 1.46.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion during 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 quarterly revenue 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. As a group, sell-side analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th were given a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Buying and Selling

In other news, EVP Maria Smith sold 10,000 shares of the firm's stock in a transaction dated Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total value of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares of the company's stock, 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 document filed with the SEC, which can be accessed through this hyperlink. Also, Director Rona Alison Fairhead purchased 480 shares of the stock in a transaction dated Monday, July 7th. The stock was acquired at an average cost of $233.87 per share, for a total transaction of $112,257.60. Following the completion of the transaction, the director owned 22,110 shares of the company's stock, valued at $5,170,865.70. The trade was a 2.22% increase in their position. The disclosure for this purchase can be found here. Insiders sold a total of 444,183 shares of company stock valued at $86,521,198 in the last quarter. Insiders own 42.20% of the company's stock.

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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