1,533 Shares in Oracle Corporation (NYSE:ORCL) Acquired by Phraction Management LLC

Phraction Management LLC bought a new stake in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to its most recent filing with the SEC. The fund bought 1,533 shares of the enterprise software provider's stock, valued at approximately $214,000.

A number of other institutional investors and hedge funds have also added to or reduced their stakes in ORCL. Inlight Wealth Management LLC acquired a new stake in shares of Oracle in the 1st quarter valued at $28,000. Sunbeam Capital Management LLC acquired a new position in Oracle in the fourth quarter valued at about $30,000. Hurley Capital LLC acquired a new position in Oracle in the fourth quarter valued at about $33,000. Synergy Investment Management LLC bought a new stake in Oracle during the fourth quarter worth about $34,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in shares of Oracle during the fourth quarter worth approximately $36,000. Institutional investors own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

A number of equities research analysts recently commented on ORCL shares. JMP Securities set a $240.00 price target on Oracle and gave the stock a "market outperform" rating in a research report on Thursday, June 12th. Stifel Nicolaus upgraded Oracle from a "hold" rating to a "buy" rating and increased their target price for the stock from $180.00 to $250.00 in a report on Monday. The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $195.00 price target (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Guggenheim upped their price target 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. Finally, Piper Sandler restated a "neutral" rating and issued a $130.00 price objective on shares of Oracle in a research report on Wednesday, June 11th. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. Based on data from MarketBeat.com, the stock has an average rating of "Moderate Buy" and a consensus price target of $204.15.

Oracle Stock Up 3.4%

Shares of NYSE ORCL traded up $7.91 during midday trading on Thursday, reaching $237.89. The company's stock had a trading volume of 11,071,359 shares, compared to its average volume of 10,089,557. The stock has a 50 day simple moving average of $174.16 and a 200-day simple moving average of $163.33. 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 stock has a market capitalization of $668.19 billion, a price-to-earnings ratio of 54.79, a PEG ratio of 3.28 and a beta of 1.39. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $237.85.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS for the quarter, topping the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for 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 company's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the firm posted $1.63 EPS. Equities research analysts predict that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The business also recently declared 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 dividend payout ratio is 46.08%.

Insider Buying and Selling

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the sale, the insider owned 60,722 shares in the company, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director directly owned 58,090 shares of the company's stock, 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. In the last quarter, insiders have sold 440,366 shares of company stock worth $83,103,603. 42.20% of the stock is currently owned by company insiders.

About Oracle

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.