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Personal CFO Solutions LLC Buys 2,656 Shares of Oracle Corporation (NYSE:ORCL)

Oracle logo with Computer and Technology background

Personal CFO Solutions LLC lifted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 15.3% during the first quarter, according to the company in its most recent filing with the Securities and Exchange Commission. The institutional investor owned 20,006 shares of the enterprise software provider's stock after buying an additional 2,656 shares during the period. Oracle comprises 0.6% of Personal CFO Solutions LLC's investment portfolio, making the stock its 29th largest position. Personal CFO Solutions LLC's holdings in Oracle were worth $2,797,000 at the end of the most recent reporting period.

A number of other large investors have also recently made changes to their positions in ORCL. Sunbeam Capital Management LLC purchased a new position in shares of Oracle in the 4th quarter valued at $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle during the fourth quarter worth $33,000. Redmont Wealth Advisors LLC acquired a new position in Oracle in the first quarter valued at $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle in the first quarter valued at about $28,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in Oracle in the fourth quarter valued at about $36,000. 42.44% of the stock is currently owned by institutional investors.

Wall Street Analysts Forecast Growth

A number of brokerages recently weighed in on ORCL. Guggenheim raised their target price on shares of Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a report on Wednesday, June 18th. CIBC restated a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Mizuho lowered their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Oppenheimer reissued an "outperform" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, Evercore ISI reissued a "buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have assigned a strong buy rating to the company's stock. According to MarketBeat.com, Oracle currently has a consensus rating of "Moderate Buy" and a consensus price target of $204.15.

View Our Latest Analysis on Oracle

Oracle Price Performance

Oracle stock opened at $238.21 on Tuesday. Oracle Corporation has a 1 year low of $118.86 and a 1 year high of $241.18. 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 cap of $669.10 billion, a price-to-earnings ratio of 55.11, a price-to-earnings-growth ratio of 3.55 and a beta of 1.39. The firm has a 50-day moving average of $179.98 and a two-hundred day moving average of $164.65.

Oracle (NYSE:ORCL - Get Free Report) last announced 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 firm had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The firm's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm posted $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 declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date of this dividend is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. Oracle's dividend payout ratio is currently 46.08%.

Insider Activity at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction dated Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the sale, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. The trade was a 26.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is available at this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the company's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the completion of the transaction, the director owned 58,090 shares in the company, valued at approximately $8,785,531.60. This trade represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold a total of 440,366 shares of company stock worth $83,103,603 over the last 90 days. 42.20% of the stock is owned by corporate insiders.

Oracle 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)

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

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