Schear Investment Advisers LLC Purchases 4,599 Shares of Oracle Corporation (NYSE:ORCL)

Schear Investment Advisers LLC grew its position in Oracle Corporation (NYSE:ORCL - Free Report) by 50.3% during the first quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 13,736 shares of the enterprise software provider's stock after purchasing an additional 4,599 shares during the quarter. Oracle makes up about 1.1% of Schear Investment Advisers LLC's portfolio, making the stock its 28th largest position. Schear Investment Advisers LLC's holdings in Oracle were worth $1,920,000 at the end of the most recent reporting period.

A number of other institutional investors also recently modified their holdings of the stock. Pittenger & Anderson Inc. lifted its position in shares of Oracle by 3.9% during the 1st quarter. Pittenger & Anderson Inc. now owns 45,139 shares of the enterprise software provider's stock valued at $6,311,000 after acquiring an additional 1,676 shares during the period. Rainey & Randall Wealth Advisors Inc. acquired a new position in Oracle during the first quarter worth $334,000. Iron Horse Wealth Management LLC raised its holdings in Oracle by 284.9% during the first quarter. Iron Horse Wealth Management LLC now owns 204 shares of the enterprise software provider's stock worth $29,000 after buying an additional 151 shares during the last quarter. TruNorth Capital Management LLC raised its holdings in Oracle by 272.3% during the first quarter. TruNorth Capital Management LLC now owns 5,890 shares of the enterprise software provider's stock worth $823,000 after buying an additional 4,308 shares during the last quarter. Finally, Louisiana State Employees Retirement System raised its holdings in Oracle by 0.9% during the first quarter. Louisiana State Employees Retirement System now owns 87,200 shares of the enterprise software provider's stock worth $12,191,000 after buying an additional 800 shares during the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Upgrades and Downgrades

Several research analysts have weighed in on ORCL shares. JPMorgan Chase & Co. upped their price objective on shares of Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a report on Thursday, June 12th. The Goldman Sachs Group reiterated a "neutral" rating and issued a $195.00 target price (up previously from $145.00) on shares of Oracle in a research note on Friday, June 13th. CIBC reiterated a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Mizuho reduced their target price on shares of Oracle from $210.00 to $180.00 and set an "outperform" rating for the company in a research note on Tuesday, April 15th. Finally, Jefferies Financial Group upped their target price on shares of Oracle from $190.00 to $200.00 and gave the stock a "buy" rating in a research note on Monday, June 9th. Nine equities research analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the company. Based on data from MarketBeat, Oracle presently has a consensus rating of "Moderate Buy" and an average price target of $209.33.

Oracle Price Performance

Shares of NYSE:ORCL opened at $230.45 on Friday. The company has a quick ratio of 0.75, a current ratio of 0.75 and a debt-to-equity ratio of 4.07. The firm has a market capitalization of $647.29 billion, a PE ratio of 53.10, a P/E/G ratio of 3.45 and a beta of 1.39. Oracle Corporation has a twelve month low of $118.86 and a twelve month high of $241.44. The company has a 50-day moving average price of $187.16 and a two-hundred day moving average price of $166.46.

Oracle (NYSE:ORCL - Get Free Report) last issued its earnings results 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. The firm had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company's quarterly revenue was up 11.3% on a year-over-year basis. During the same quarter last year, the business earned $1.63 earnings per share. Equities analysts forecast that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The firm also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Shareholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. The ex-dividend date is Thursday, July 10th. This represents a $2.00 dividend on an annualized basis and a yield of 0.87%. Oracle's dividend payout ratio is presently 46.08%.

Insider Activity

In other Oracle news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's stock in a transaction 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 of the company's stock, valued at $209,000,421.92. This trade represents a 26.71% decrease in their position. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction on Friday, May 2nd. The shares were sold at an average price of $151.24, for a total transaction of $2,646,700.00. Following the transaction, the director owned 58,090 shares of the company's stock, valued at $8,785,531.60. This trade 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 corporate insiders.

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.

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