Rainey & Randall Wealth Advisors Inc. Invests $334,000 in Oracle Corporation (NYSE:ORCL)

Rainey & Randall Wealth Advisors Inc. acquired a new position in Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to its most recent 13F filing with the Securities & Exchange Commission. The institutional investor acquired 2,388 shares of the enterprise software provider's stock, valued at approximately $334,000.

Several other institutional investors also recently modified their holdings of ORCL. Redmont Wealth Advisors LLC purchased a new stake in shares of Oracle during the first quarter valued at approximately $27,000. Inlight Wealth Management LLC purchased a new stake in Oracle in the first quarter worth $28,000. Iron Horse Wealth Management LLC lifted its position in 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 buying an additional 151 shares during the period. Sunbeam Capital Management LLC purchased a new position in Oracle during the fourth quarter valued at $30,000. Finally, Hurley Capital LLC purchased a new position in Oracle during the fourth quarter valued at $33,000. 42.44% of the stock is currently owned by institutional investors.

Oracle Trading Down 1.9%

Shares of NYSE ORCL traded down $4.55 during trading hours on Friday, hitting $230.45. 10,172,356 shares of the company traded hands, compared to its average volume of 10,270,690. The company's 50 day moving average price is $187.16 and its 200 day moving average price is $166.46. The stock has a market capitalization of $647.30 billion, a price-to-earnings ratio of 53.10, a price-to-earnings-growth ratio of 3.45 and a beta of 1.39. 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 12 month low of $118.86 and a 12 month high of $241.44.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings data 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. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the prior year, the company posted $1.63 EPS. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. On average, equities research analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The company also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.87%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is 46.08%.

Insider Buying and Selling at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of the company's stock in a transaction 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 completion of the sale, the insider directly owned 1,097,576 shares in the company, valued at $209,000,421.92. This represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available through this link. Also, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction dated Monday, May 5th. The shares were sold at an average price of $149.53, for a total value of $428,552.98. Following the completion of the sale, the director owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. This trade represents a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last ninety days, insiders have sold 445,366 shares of company stock worth $84,784,653. Insiders own 42.20% of the company's stock.

Analysts Set New Price Targets

Several brokerages have recently weighed in on ORCL. KeyCorp raised their price target on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. The Goldman Sachs Group reissued a "neutral" rating and issued a $195.00 target price (up from $145.00) on shares of Oracle in a research report on Friday, June 13th. Loop Capital set a $135.00 target price on Oracle in a research report on Tuesday, June 10th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Finally, Citigroup reissued an "outperform" rating on shares of Oracle in a report on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have given a strong buy rating to the stock. According to data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and an average price target of $209.33.

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.