Rossby Financial LCC Makes New $156,000 Investment in Oracle Corporation (NYSE:ORCL)

Rossby Financial LCC acquired a new position in shares of Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The firm acquired 1,125 shares of the enterprise software provider's stock, valued at approximately $156,000.

A number of other hedge funds and other institutional investors have also made changes to their positions in the business. Inlight Wealth Management LLC acquired a new position in Oracle during the first quarter worth approximately $28,000. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle during the 4th quarter valued at $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle during the 4th quarter worth $33,000. Synergy Investment Management LLC purchased a new position in shares of Oracle in the 4th quarter worth $34,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle in the 4th quarter worth $36,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock opened at $237.39 on Friday. The stock has a market capitalization of $666.79 billion, a price-to-earnings ratio of 54.70, a PEG ratio of 3.44 and a beta of 1.39. Oracle Corporation has a one year low of $118.86 and a one year high of $237.99. The company's 50-day simple moving average is $176.16 and its 200-day simple moving average is $163.79. 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 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 firm 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%. Oracle's revenue for the quarter was up 11.3% compared to the same quarter last year. During the same quarter in the prior year, the firm posted $1.63 earnings per share. Equities analysts anticipate that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The firm also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors 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 0.84%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's dividend payout ratio is presently 46.08%.

Wall Street Analyst Weigh In

Several equities research analysts have commented on the company. Jefferies Financial Group upped their price target on Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Cantor Fitzgerald cut their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a report on Tuesday, March 11th. Barclays reaffirmed an "overweight" rating and set a $221.00 price target (up from $202.00) on shares of Oracle in a research report on Friday, June 13th. Finally, Loop Capital set a $135.00 price objective on shares of Oracle in a research report on Tuesday, June 10th. Ten analysts have rated the stock with a hold rating, twenty-two have given a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, Oracle currently has an average rating of "Moderate Buy" and an average price target of $204.15.

Insider Buying and Selling at Oracle

In other Oracle news, insider Clayton M. Magouyrk sold 15,000 shares of Oracle stock in a transaction that occurred on Tuesday, June 17th. The stock was 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 $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The sale was disclosed in a legal filing with the SEC, which is available at this link. Also, Director Naomi O. Seligman sold 2,866 shares of the 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 sale, the director owned 31,764 shares in the company, valued at $4,749,670.92. The trade was a 8.28% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders have sold 440,366 shares of company stock worth $83,103,603 in the last ninety days. Insiders own 42.20% of the company's stock.

Oracle 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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