Riversedge Advisors LLC Invests $202,000 in Oracle Corporation (NYSE:ORCL)

Riversedge Advisors LLC bought a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) in the first quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The firm bought 1,446 shares of the enterprise software provider's stock, valued at approximately $202,000.

Other hedge funds and other institutional investors also recently modified their holdings of the company. Harmony Asset Management LLC raised its stake in Oracle by 2.3% in the first quarter. Harmony Asset Management LLC now owns 22,077 shares of the enterprise software provider's stock valued at $3,087,000 after purchasing an additional 494 shares in the last quarter. Diversify Wealth Management LLC raised its stake in Oracle by 3.1% in the first quarter. Diversify Wealth Management LLC now owns 48,701 shares of the enterprise software provider's stock valued at $6,857,000 after purchasing an additional 1,470 shares in the last quarter. Xponance Inc. raised its stake in Oracle by 3.2% in the first quarter. Xponance Inc. now owns 378,082 shares of the enterprise software provider's stock valued at $52,860,000 after purchasing an additional 11,724 shares in the last quarter. Kesler Norman & Wride LLC raised its stake in Oracle by 3.2% in the first quarter. Kesler Norman & Wride LLC now owns 5,484 shares of the enterprise software provider's stock valued at $767,000 after purchasing an additional 171 shares in the last quarter. Finally, Fidelis Capital Partners LLC raised its stake in Oracle by 16.3% in the first quarter. Fidelis Capital Partners LLC now owns 18,452 shares of the enterprise software provider's stock valued at $2,555,000 after purchasing an additional 2,592 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Insider Transactions at Oracle

In other Oracle news, Director Naomi O. Seligman sold 2,866 shares of the business's stock in a transaction that occurred on Monday, May 5th. The stock was sold at an average price of $149.53, for a total value of $428,552.98. Following the transaction, the director directly owned 31,764 shares of the company's stock, valued at approximately $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction that occurred on Thursday, June 12th. The shares were sold at an average price of $190.42, for a total value of $76,168,000.00. Following the completion of the transaction, the insider directly owned 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The disclosure for this sale can be found here. In the last 90 days, insiders sold 445,366 shares of company stock valued at $84,784,653. 42.20% of the stock is owned by insiders.

Oracle Trading Down 1.9%

ORCL stock traded down $4.55 during trading on Friday, hitting $230.45. The company had a trading volume of 10,172,356 shares, compared to its average volume of 10,259,055. The business has a 50-day moving average of $187.16 and a 200-day moving average of $166.49. Oracle Corporation has a one year low of $118.86 and a one year high of $241.44. The stock has a market cap of $647.29 billion, a PE ratio of 53.10, a PEG ratio of 3.51 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 (NYSE:ORCL - Get Free Report) last announced its 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. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. During the same period in the prior year, the business posted $1.63 earnings per share. The firm's revenue was up 11.3% on a year-over-year basis. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Dividend Announcement

The business also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be issued a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.87%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is presently 46.08%.

Wall Street Analysts Forecast Growth

A number of research analysts recently commented on ORCL shares. KeyCorp boosted their price target on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research note on Thursday, June 12th. BMO Capital Markets boosted their price target on Oracle from $235.00 to $245.00 and gave the company an "outperform" rating in a research note on Wednesday, July 2nd. Stifel Nicolaus raised Oracle from a "hold" rating to a "buy" rating and boosted their price target for the company from $180.00 to $250.00 in a research note on Monday, June 30th. Westpark Capital boosted their price target on Oracle from $195.00 to $246.00 and gave the company a "buy" rating in a research note on Thursday, June 12th. Finally, Guggenheim boosted their price target on Oracle from $220.00 to $250.00 and gave the company a "buy" rating in a research note on Wednesday, June 18th. Nine investment analysts have rated the stock with a hold rating, twenty-three have given a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of "Moderate Buy" and a consensus target price 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.