Revisor Wealth Management LLC Purchases Shares of 2,056 Oracle Corporation (NYSE:ORCL)

Revisor Wealth Management LLC acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to its most recent filing with the Securities & Exchange Commission. The fund acquired 2,056 shares of the enterprise software provider's stock, valued at approximately $287,000.

Other large investors have also recently made changes to their positions in the company. Redmont Wealth Advisors LLC purchased a new position in Oracle during the 1st quarter worth approximately $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the first quarter worth $28,000. Sunbeam Capital Management LLC acquired a new position in Oracle during the fourth quarter valued at $30,000. Hurley Capital LLC purchased a new stake in Oracle in the fourth quarter valued at $33,000. Finally, Synergy Investment Management LLC acquired a new stake in Oracle during the 4th quarter worth about $34,000. 42.44% of the stock is owned by hedge funds and other institutional investors.

Insider Activity

In other news, Director Naomi O. Seligman sold 2,866 shares of the stock in a transaction that occurred on 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 $4,749,670.92. This represents a 8.28% decrease in their position. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the firm's stock in a transaction that occurred on Friday, May 2nd. The stock was sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the sale, the director owned 58,090 shares of the company's stock, valued at $8,785,531.60. This represents a 23.15% decrease in their position. The disclosure for this sale can be found here. Insiders sold 440,366 shares of company stock valued at $83,103,603 over the last three months. 42.20% of the stock is currently owned by company insiders.

Oracle Trading Up 3.2%

Shares of Oracle stock opened at $237.39 on Friday. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. The stock's 50 day simple moving average is $176.16 and its 200-day simple moving average is $163.79. The stock has a market cap of $666.79 billion, a P/E ratio of 54.70, a P/E/G ratio of 3.44 and a beta of 1.39. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $237.99.

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 for the quarter, topping 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 quarter in the previous year, the company posted $1.63 earnings per share. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. Analysts predict that Oracle Corporation will post 5 EPS for the current fiscal year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be paid a dividend of $0.50 per share. This represents a $2.00 dividend on an annualized basis and a yield of 0.84%. The ex-dividend date is Thursday, July 10th. Oracle's dividend payout ratio (DPR) is presently 46.08%.

Analyst Ratings Changes

Several brokerages have recently issued reports on ORCL. Guggenheim boosted their price objective on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a report on Wednesday, June 18th. Roth Capital reissued a "hold" rating on shares of Oracle in a report on Wednesday, June 18th. Cowen reaffirmed a "buy" rating on shares of Oracle in a research note on Thursday, June 12th. UBS Group set a $250.00 target price on shares of Oracle and gave the company a "buy" rating in a report on Wednesday, June 25th. Finally, Loop Capital set a $135.00 price target on shares of Oracle in a report on Tuesday, June 10th. Ten investment analysts have rated the stock with a hold rating, twenty-two have assigned a buy rating and two have assigned a strong buy rating to the company. According to MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and a consensus price target of $204.15.

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.

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