Sfm LLC Buys Shares of 1,619 Oracle Co. (NYSE:ORCL)

SFM LLC purchased a new stake in shares of Oracle Co. (NYSE:ORCL - Free Report) during the 1st quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund purchased 1,619 shares of the enterprise software provider's stock, valued at approximately $226,000.

Several other large investors have also recently bought and sold shares of ORCL. Sunbeam Capital Management LLC purchased a new stake in shares of Oracle in the fourth quarter worth approximately $30,000. Hurley Capital LLC purchased a new stake in shares of Oracle in the fourth quarter worth approximately $33,000. Synergy Investment Management LLC purchased a new stake in shares of Oracle in the fourth quarter worth approximately $34,000. Mpwm Advisory Solutions LLC purchased a new stake in shares of Oracle in the fourth quarter worth approximately $36,000. Finally, Fourth Dimension Wealth LLC purchased a new stake in shares of Oracle in the fourth quarter worth approximately $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

A number of analysts have recently issued reports on the stock. Loop Capital set a $135.00 price target on shares of Oracle in a research report on Tuesday. Piper Sandler reaffirmed a "neutral" rating and set a $130.00 price objective on shares of Oracle in a research report on Wednesday. Stephens began coverage on shares of Oracle in a research report on Wednesday, March 19th. They set an "equal weight" rating and a $167.00 price objective on the stock. Stifel Nicolaus raised their price objective on shares of Oracle from $150.00 to $180.00 and gave the company a "hold" rating in a research report on Thursday. Finally, KeyCorp raised their price objective on shares of Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a research report on Thursday. Twelve equities research analysts have rated the stock with a hold rating, nineteen have assigned a buy rating and one has issued a strong buy rating to the stock. Based on data from MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average target price of $194.32.

Oracle Stock Performance

Oracle stock traded up $15.68 on Friday, hitting $215.54. The company's stock had a trading volume of 53,639,099 shares, compared to its average volume of 9,721,350. Oracle Co. has a one year low of $118.86 and a one year high of $216.60. The company has a quick ratio of 0.81, a current ratio of 0.81 and a debt-to-equity ratio of 5.65. The company has a fifty day moving average price of $152.88 and a 200-day moving average price of $160.46. The firm has a market cap of $602.86 billion, a P/E ratio of 52.70, a price-to-earnings-growth ratio of 3.46 and a beta of 1.32.

Oracle (NYSE:ORCL - Get Free Report) last issued 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 net margin of 21.16% and a return on equity of 133.25%. The company had revenue of $15.90 billion for the quarter, compared to the consensus estimate of $15.58 billion. During the same quarter in the previous year, the company earned $1.63 EPS. The firm's revenue for the quarter was up 11.3% compared to the same quarter last year. On average, equities analysts anticipate that Oracle Co. will post 5 earnings per share for the current year.

Oracle Dividend Announcement

The company also recently announced a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be paid a $0.50 dividend. The ex-dividend date is Thursday, July 10th. This represents a $2.00 annualized dividend and a dividend yield of 0.93%. Oracle's dividend payout ratio is presently 46.08%.

Insider Activity

In related news, Director Naomi O. Seligman sold 2,000 shares of the company's stock in a transaction dated Wednesday, April 2nd. The shares were sold at an average price of $145.81, for a total transaction of $291,620.00. Following the transaction, the director now owns 34,630 shares in the company, valued at $5,049,400.30. This represents a 5.46% decrease in their position. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available at the SEC website. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction dated Friday, April 11th. The stock was sold at an average price of $129.77, for a total transaction of $648,850.00. Following the transaction, the director now owns 58,090 shares in the company, valued at approximately $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. In the last quarter, insiders have sold 427,366 shares of company stock worth $80,183,723. Corporate insiders own 42.20% of the company's stock.

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.