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1,522 Shares in Oracle Corporation (NYSE:ORCL) Acquired by Sheets Smith Wealth Management

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Sheets Smith Wealth Management purchased a new stake in Oracle Corporation (NYSE:ORCL - Free Report) in the 1st quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund purchased 1,522 shares of the enterprise software provider's stock, valued at approximately $213,000.

Several other institutional investors and hedge funds also recently made changes to their positions in ORCL. Norges Bank acquired a new position in shares of Oracle in the 4th quarter valued at $2,216,314,000. Raymond James Financial Inc. acquired a new position in shares of Oracle in the 4th quarter valued at $930,095,000. GAMMA Investing LLC grew its holdings in shares of Oracle by 15,012.3% in the 1st quarter. GAMMA Investing LLC now owns 4,755,096 shares of the enterprise software provider's stock valued at $664,810,000 after buying an additional 4,723,631 shares during the period. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC grew its holdings in shares of Oracle by 20.5% in the 4th quarter. UBS AM a distinct business unit of UBS ASSET MANAGEMENT AMERICAS LLC now owns 13,825,360 shares of the enterprise software provider's stock valued at $2,303,858,000 after buying an additional 2,350,448 shares during the period. Finally, Vanguard Group Inc. grew its holdings in shares of Oracle by 1.5% in the 4th quarter. Vanguard Group Inc. now owns 157,411,949 shares of the enterprise software provider's stock valued at $26,231,127,000 after buying an additional 2,296,069 shares during the period. Institutional investors and hedge funds own 42.44% of the company's stock.

Wall Street Analysts Forecast Growth

Several equities research analysts recently commented on ORCL shares. CIBC reaffirmed a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Barclays reaffirmed an "overweight" rating and issued a $221.00 price objective (up from $202.00) on shares of Oracle in a research report on Friday, June 13th. BMO Capital Markets raised shares of Oracle from a "market perform" rating to an "outperform" rating and boosted their price objective for the company from $200.00 to $235.00 in a research report on Friday, June 13th. Bank of America boosted their price objective on shares of Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Finally, Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Eleven equities research analysts have rated the stock with a hold rating, twenty-one have given a buy rating and two have given a strong buy rating to the stock. According to MarketBeat, Oracle presently has an average rating of "Moderate Buy" and a consensus price target of $197.67.

View Our Latest Report on ORCL

Insider Transactions at Oracle

In other news, Director Leon E. Panetta sold 5,000 shares of the stock in a transaction that occurred on 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 ownership of the stock. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the stock in a transaction that occurred on Thursday, June 12th. The stock was sold at an average price of $190.42, for a total value of $76,168,000.00. Following the transaction, the insider now owns 1,097,576 shares in the company, valued at approximately $209,000,421.92. This trade represents a 26.71% decrease in their position. The disclosure for this sale can be found here. Over the last quarter, insiders have sold 442,366 shares of company stock worth $83,395,223. Company insiders own 42.20% of the company's stock.

Oracle Stock Performance

Shares of ORCL stock traded down $2.66 on Friday, reaching $210.16. The stock had a trading volume of 14,120,277 shares, compared to its average volume of 9,885,872. 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's 50-day moving average is $168.42 and its two-hundred day moving average is $162.24. The firm has a market capitalization of $590.31 billion, a price-to-earnings ratio of 48.42, a P/E/G ratio of 3.15 and a beta of 1.32. Oracle Corporation has a 12 month low of $118.86 and a 12 month high of $216.93.

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 (EPS) for the quarter, beating analysts' consensus estimates of $1.64 by $0.06. The company had revenue of $15.90 billion for the quarter, compared to analysts' expectations of $15.58 billion. Oracle had a net margin of 21.68% and a return on equity of 87.34%. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. During the same period in the prior year, the firm earned $1.63 EPS. On average, research analysts expect that Oracle Corporation will post 5 EPS for the current fiscal 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 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 dividend yield of 0.95%. Oracle's dividend payout ratio (DPR) is currently 46.08%.

About Oracle

(Free Report)

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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Institutional Ownership by Quarter for Oracle (NYSE:ORCL)

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