Retirement Planning Co of New England Inc. Purchases Shares of 4,422 Oracle Corporation $ORCL

Key Points

• Retirement Planning Co of New England Inc. purchased 4,422 shares of Oracle Corporation valued at approximately $618,000, indicating increased institutional interest in the company's stock.
• Oracle reported a quarterly earnings per share of $1.70, surpassing analyst expectations and reflecting a year-over-year revenue increase of 11.3% to $15.90 billion.
• The company has seen significant insider selling, with a total of 444,183 shares sold by insiders worth over $86 million in the past 90 days, representing a potential cautionary signal for investors.

Retirement Planning Co of New England Inc. purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund purchased 4,422 shares of the enterprise software provider's stock, valued at approximately $618,000.

Several other hedge funds and other institutional investors have also modified their holdings of the company. Clarkston Capital Partners LLC lifted its stake in shares of Oracle by 1.1% in the 1st quarter. Clarkston Capital Partners LLC now owns 6,290 shares of the enterprise software provider's stock valued at $879,000 after purchasing an additional 68 shares in the last quarter. Tacita Capital Inc lifted its stake in shares of Oracle by 6.0% in the 1st quarter. Tacita Capital Inc now owns 1,245 shares of the enterprise software provider's stock valued at $174,000 after purchasing an additional 70 shares in the last quarter. Flynn Zito Capital Management LLC lifted its stake in shares of Oracle by 1.7% in the 1st quarter. Flynn Zito Capital Management LLC now owns 4,333 shares of the enterprise software provider's stock valued at $606,000 after purchasing an additional 71 shares in the last quarter. Tiller Private Wealth Inc. lifted its stake in shares of Oracle by 4.6% in the 1st quarter. Tiller Private Wealth Inc. now owns 1,599 shares of the enterprise software provider's stock valued at $224,000 after purchasing an additional 71 shares in the last quarter. Finally, Cadence Bank lifted its stake in shares of Oracle by 1.0% in the 1st quarter. Cadence Bank now owns 7,440 shares of the enterprise software provider's stock valued at $1,040,000 after purchasing an additional 71 shares in the last quarter. 42.44% of the stock is owned by institutional investors and hedge funds.

Insider Buying and Selling

In other Oracle news, Director Naomi O. Seligman sold 3,303 shares of the company's stock in a transaction that occurred on Wednesday, July 16th. The stock was sold at an average price of $233.32, for a total value of $770,655.96. Following the transaction, the director directly owned 31,447 shares of the company's stock, valued at $7,337,214.04. This represents a 9.51% decrease in their position. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, insider Clayton M. Magouyrk sold 15,000 shares of the company's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares in the company, valued at approximately $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. Insiders sold a total of 444,183 shares of company stock worth $86,521,198 over the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Oracle Stock Performance

Oracle stock opened at $225.97 on Friday. The stock's 50 day moving average price is $237.90 and its 200 day moving average price is $184.93. Oracle Corporation has a one year low of $118.86 and a one year high of $260.87. The firm has a market capitalization of $634.72 billion, a PE ratio of 52.07, a price-to-earnings-growth ratio of 3.37 and a beta of 1.43. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75.

Oracle (NYSE:ORCL - Get Free Report) last announced its earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, beating analysts' consensus estimates 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 analyst estimates of $15.58 billion. During the same period in the prior year, the company posted $1.63 EPS. Oracle's quarterly revenue was up 11.3% on a year-over-year basis. As a group, sell-side analysts expect that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which was paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th were given a $0.50 dividend. This represents a $2.00 dividend on an annualized basis and a dividend yield of 0.9%. The ex-dividend date of this dividend was Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Analyst Upgrades and Downgrades

ORCL has been the topic of several research analyst reports. Guggenheim lifted their price objective on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. CIBC reaffirmed a "buy" rating on shares of Oracle in a research note on Monday, June 9th. JMP Securities boosted their price target on Oracle from $240.00 to $315.00 and gave the stock a "market outperform" rating in a research report on Friday, July 18th. Jefferies Financial Group boosted their price target on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research report on Monday, June 9th. Finally, DA Davidson boosted their price target on Oracle from $140.00 to $170.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Three analysts have rated the stock with a Strong Buy rating, twenty-three have given a Buy rating and eight have issued a Hold rating to the stock. According to data from MarketBeat.com, Oracle has a consensus rating of "Moderate Buy" and a consensus price target of $227.04.

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.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.