Oracle Corporation (NYSE:ORCL) Shares Bought by Proficio Capital Partners LLC

Proficio Capital Partners LLC boosted its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 4.3% in the 1st quarter, according to its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 27,997 shares of the enterprise software provider's stock after buying an additional 1,144 shares during the period. Proficio Capital Partners LLC's holdings in Oracle were worth $3,962,000 at the end of the most recent reporting period.

Other institutional investors and hedge funds have also bought and sold shares of the company. Sunbeam Capital Management LLC purchased a new position in shares of Oracle during the fourth quarter valued at approximately $30,000. Hurley Capital LLC purchased a new position in shares of Oracle during the fourth quarter valued at approximately $33,000. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the first quarter valued at approximately $28,000. Finally, Iron Horse Wealth Management LLC lifted its holdings in shares of Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock valued at $29,000 after purchasing an additional 151 shares during the last quarter. 42.44% of the stock is currently owned by hedge funds and other institutional investors.

Wall Street Analyst Weigh In

A number of equities research analysts have commented on the stock. Barclays reaffirmed an "overweight" rating and issued a $221.00 target price (up previously from $202.00) on shares of Oracle in a research report on Friday, June 13th. Cowen reaffirmed a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. BMO Capital Markets lifted their target price on shares of Oracle from $235.00 to $245.00 and gave the stock an "outperform" rating in a research report on Wednesday, July 2nd. Oppenheimer reiterated an "outperform" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Mizuho dropped their price target on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating on the stock in a research note on Tuesday, April 15th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and three have assigned a strong buy rating to the stock. According to MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average target price of $218.29.

Insider Transactions at Oracle

In other Oracle news, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction dated Friday, May 2nd. The shares were sold at an average price of $151.24, for a total value of $2,646,700.00. Following the transaction, the director directly owned 58,090 shares in the company, valued at $8,785,531.60. The trade was a 23.15% decrease in their position. The transaction was disclosed in a document filed with the SEC, which is available through the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction dated Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the transaction, the insider owned 60,722 shares in the company, valued at $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last quarter, insiders sold 448,669 shares of company stock valued at $85,555,309. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of Oracle stock traded down $5.17 during trading on Tuesday, hitting $238.37. 11,355,365 shares of the company's stock were exchanged, compared to its average volume of 10,382,318. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The business has a 50-day simple moving average of $196.21 and a 200-day simple moving average of $168.97. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $251.60. The stock has a market capitalization of $669.53 billion, a price-to-earnings ratio of 54.92, a PEG ratio of 3.63 and a beta of 1.39.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. This represents a $2.00 annualized dividend and a dividend yield of 0.84%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is currently 46.08%.

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.