Sharp Financial Services LLC Invests $204,000 in Oracle Corporation (NYSE:ORCL)

Sharp Financial Services LLC purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) during the 1st quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission. The fund purchased 1,462 shares of the enterprise software provider's stock, valued at approximately $204,000.

Several other institutional investors have also bought and sold shares of ORCL. Cookson Peirce & Co. Inc. boosted its position in shares of Oracle by 4.4% in the fourth quarter. Cookson Peirce & Co. Inc. now owns 1,423 shares of the enterprise software provider's stock worth $237,000 after buying an additional 60 shares during the period. Greenwood Gearhart Inc. raised its position in shares of Oracle by 1.2% during the 4th quarter. Greenwood Gearhart Inc. now owns 5,731 shares of the enterprise software provider's stock worth $955,000 after purchasing an additional 66 shares during the period. WorthPointe LLC grew its holdings in Oracle by 4.0% in the 4th quarter. WorthPointe LLC now owns 1,734 shares of the enterprise software provider's stock worth $289,000 after buying an additional 67 shares in the last quarter. Stage Harbor Financial LLC grew its holdings in Oracle by 5.0% in the 4th quarter. Stage Harbor Financial LLC now owns 1,433 shares of the enterprise software provider's stock worth $239,000 after buying an additional 68 shares in the last quarter. Finally, J. L. Bainbridge & Co. Inc. boosted its stake in Oracle by 5.5% during the fourth quarter. J. L. Bainbridge & Co. Inc. now owns 1,354 shares of the enterprise software provider's stock valued at $226,000 after buying an additional 70 shares in the last quarter. Institutional investors and hedge funds own 42.44% of the company's stock.

Analyst Ratings Changes

Several equities research analysts have recently weighed in on ORCL shares. Westpark Capital raised their price objective on Oracle from $195.00 to $246.00 and gave the stock a "buy" rating in a research note on Thursday, June 12th. TD Cowen raised their target price on Oracle from $250.00 to $275.00 and gave the stock a "buy" rating in a research report on Thursday. KeyCorp increased their price objective on Oracle from $200.00 to $225.00 and gave the stock an "overweight" rating in a report on Thursday, June 12th. Raymond James Financial reiterated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Finally, Evercore ISI reiterated a "buy" rating on shares of Oracle in a report on Wednesday, June 18th. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have issued a strong buy rating to the company's stock. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $204.15.

Oracle Stock Up 3.2%

Shares of NYSE ORCL traded up $7.41 during midday trading on Friday, hitting $237.39. The stock had a trading volume of 18,441,376 shares, compared to its average volume of 10,159,668. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $237.99. The business's 50 day moving average is $178.14 and its 200-day moving average is $164.25. 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 company has a market cap of $666.79 billion, a P/E ratio of 54.70, a PEG ratio of 3.55 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last announced its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 EPS 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 business's revenue for the quarter was up 11.3% on a year-over-year basis. During the same period in the previous year, the business posted $1.63 earnings per share. As a group, analysts predict that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

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

Insider Activity

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the business'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 transaction, the insider owned 1,097,576 shares of the company's stock, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of the business's stock in a transaction dated Friday, May 2nd. The stock was sold at an average price of $151.24, for a total value of $2,646,700.00. Following the completion of the sale, the director owned 58,090 shares in the company, valued at $8,785,531.60. This represents a 23.15% decrease in their ownership of the stock. The disclosure for this sale can be found here. Insiders sold 440,366 shares of company stock worth $83,103,603 over the last ninety days. Company 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.