Rehmann Capital Advisory Group Buys 7,578 Shares of Oracle Corporation (NYSE:ORCL)

Rehmann Capital Advisory Group increased its stake in Oracle Corporation (NYSE:ORCL - Free Report) by 97.9% in the 1st quarter, according to the company in its most recent disclosure with the SEC. The institutional investor owned 15,322 shares of the enterprise software provider's stock after purchasing an additional 7,578 shares during the quarter. Rehmann Capital Advisory Group's holdings in Oracle were worth $2,142,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently modified their holdings of the stock. Greenwood Gearhart Inc. raised its holdings in shares of Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock valued at $955,000 after buying an additional 66 shares in the last quarter. WorthPointe LLC grew its position in Oracle by 4.0% during the fourth quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock valued at $289,000 after acquiring an additional 67 shares during the last quarter. Stage Harbor Financial LLC lifted its holdings in shares of Oracle by 5.0% in the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after acquiring an additional 68 shares during the last quarter. J. L. Bainbridge & Co. Inc. boosted its stake in shares of Oracle by 5.5% in the 4th quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock valued at $226,000 after purchasing an additional 70 shares in the last quarter. Finally, Prestige Wealth Management Group LLC grew its holdings in shares of Oracle by 0.6% during the 4th quarter. Prestige Wealth Management Group LLC now owns 11,288 shares of the enterprise software provider's stock valued at $1,881,000 after purchasing an additional 70 shares during the last quarter. 42.44% of the stock is currently owned by institutional investors.

Oracle Stock Down 1.9%

Oracle stock traded down $4.55 during mid-day trading on Friday, hitting $230.45. The company had a trading volume of 10,172,356 shares, compared to its average volume of 10,239,035. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $241.44. The company has a market capitalization of $647.29 billion, a PE ratio of 53.10, a price-to-earnings-growth ratio of 3.53 and a beta of 1.39. The stock's 50 day moving average price is $185.56 and its two-hundred day moving average price is $166.09. 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 (NYSE:ORCL - Get Free Report) last released its quarterly earnings data on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating the consensus estimate of $1.64 by $0.06. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The firm's quarterly revenue was up 11.3% on a year-over-year basis. During the same period in the prior year, the firm posted $1.63 EPS. As a group, sell-side analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently disclosed 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 0.87%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is currently 46.08%.

Insider Buying and Selling at Oracle

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the sale, the insider owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This represents a 26.71% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. Also, Director Leon E. Panetta sold 17,500 shares of the firm'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 sale, the director directly owned 58,090 shares in the company, valued at approximately $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Over the last three months, insiders have sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is currently owned by company insiders.

Analyst Ratings Changes

Several equities research analysts recently weighed in on ORCL shares. Westpark Capital increased their target price on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a report on Thursday, June 12th. Mizuho dropped their price objective on Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. DA Davidson raised their target price on shares of Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. The Goldman Sachs Group reiterated a "neutral" rating and set a $195.00 price target (up from $145.00) on shares of Oracle in a report on Friday, June 13th. Finally, KeyCorp raised their price target on shares of Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Nine research analysts have rated the stock with a hold rating, twenty-three have issued a buy rating and two have issued a strong buy rating to the company. According to MarketBeat, the company has an average rating of "Moderate Buy" and an average price target of $209.33.

Oracle Company Profile

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.