Oracle Corporation (NYSE:ORCL) Holdings Raised by Principle Wealth Partners LLC

Principle Wealth Partners LLC increased its holdings in Oracle Corporation (NYSE:ORCL - Free Report) by 3.0% in the first quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 61,887 shares of the enterprise software provider's stock after acquiring an additional 1,780 shares during the quarter. Principle Wealth Partners LLC's holdings in Oracle were worth $8,652,000 as of its most recent SEC filing.

A number of other hedge funds also recently added to or reduced their stakes in the business. Greenwood Gearhart Inc. raised its position in Oracle by 1.2% in the fourth quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after acquiring an additional 66 shares in the last quarter. Stage Harbor Financial LLC increased its position in shares of Oracle by 5.0% in the fourth quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock valued at $239,000 after buying an additional 68 shares in the last quarter. Hurlow Wealth Management Group Inc. increased its position in shares of Oracle by 1.7% in the fourth quarter. Hurlow Wealth Management Group Inc. now owns 4,149 shares of the enterprise software provider's stock valued at $691,000 after buying an additional 70 shares in the last quarter. Flynn Zito Capital Management LLC increased its position in shares of Oracle by 1.7% in the first quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after buying an additional 71 shares in the last quarter. Finally, Private Wealth Management Group LLC increased its position in shares of Oracle by 14.9% in the first quarter. Private Wealth Management Group LLC now owns 556 shares of the enterprise software provider's stock valued at $78,000 after buying an additional 72 shares in the last quarter. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred 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 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 document filed with the Securities & Exchange Commission, which is available through the SEC website. Also, Director Rona Alison Fairhead purchased 480 shares of the stock in a transaction dated Monday, July 7th. The stock was purchased at an average price of $233.87 per share, with a total value of $112,257.60. Following the completion of the acquisition, the director directly owned 22,110 shares in the company, valued at approximately $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 448,669 shares of company stock worth $85,555,309 over the last ninety days. Company insiders own 42.20% of the company's stock.

Oracle Stock Up 0.3%

ORCL traded up $0.74 during trading hours on Thursday, reaching $242.64. 8,229,157 shares of the stock traded hands, compared to its average volume of 13,587,158. The firm's fifty day simple moving average is $202.72 and its two-hundred day simple moving average is $171.02. The company has a market cap of $681.53 billion, a price-to-earnings ratio of 55.91, a PEG ratio of 3.61 and a beta of 1.39. Oracle Corporation has a fifty-two week low of $118.86 and a fifty-two week high of $251.60. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75.

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, beating 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 analyst estimates of $15.58 billion. During the same period last year, the business earned $1.63 EPS. The business's revenue was up 11.3% on a year-over-year basis. As a group, analysts forecast that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be issued a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a yield of 0.82%. Oracle's dividend payout ratio is presently 46.08%.

Analyst Ratings Changes

A number of research analysts have recently weighed in on the company. UBS Group raised their price target on Oracle from $250.00 to $280.00 and gave the company a "buy" rating in a research report on Thursday, July 17th. The Goldman Sachs Group restated a "neutral" rating and issued a $195.00 price target (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Deutsche Bank Aktiengesellschaft restated a "buy" rating and issued a $240.00 price target (up previously from $200.00) on shares of Oracle in a research report on Thursday, June 12th. Bank of America increased their price objective on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research note on Thursday, June 12th. Finally, Evercore ISI increased their price objective on Oracle from $215.00 to $270.00 and gave the company an "outperform" rating in a research note on Monday, July 14th. Nine research analysts have rated the stock with a hold rating, twenty-three have given a buy rating and three have given a strong buy rating to the company's stock. Based on data from MarketBeat, Oracle has an average rating of "Moderate Buy" and a consensus price target of $218.29.

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.