Shepherd Financial Partners LLC Purchases 2,845 Shares of Oracle Corporation (NYSE:ORCL)

Shepherd Financial Partners LLC grew its position in Oracle Corporation (NYSE:ORCL - Free Report) by 55.7% in the 1st quarter, according to its most recent filing with the Securities and Exchange Commission. The institutional investor owned 7,952 shares of the enterprise software provider's stock after buying an additional 2,845 shares during the quarter. Shepherd Financial Partners LLC's holdings in Oracle were worth $1,112,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently made changes to their positions in ORCL. Sunbeam Capital Management LLC bought a new position in Oracle in the fourth quarter valued at about $30,000. Hurley Capital LLC acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $33,000. Synergy Investment Management LLC acquired a new stake in shares of Oracle in the 4th quarter valued at approximately $34,000. Mpwm Advisory Solutions LLC bought a new stake in shares of Oracle during the 4th quarter valued at approximately $36,000. Finally, Fourth Dimension Wealth LLC acquired a new position in Oracle during the 4th quarter worth approximately $36,000. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Analysts Set New Price Targets

A number of brokerages have weighed in on ORCL. Cantor Fitzgerald cut their target price on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating on the stock in a research report on Tuesday, March 11th. JMP Securities set a $240.00 price objective on Oracle and gave the company a "market outperform" rating in a report on Thursday, June 12th. Citigroup restated an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. CIBC reaffirmed a "buy" rating on shares of Oracle in a research note on Monday, June 9th. Finally, Loop Capital set a $135.00 target price on shares of Oracle in a research report on Tuesday, June 10th. Eleven analysts have rated the stock with a hold rating, twenty-one have issued a buy rating and one has assigned a strong buy rating to the company. Based on data from MarketBeat, Oracle has a consensus rating of "Moderate Buy" and a consensus target price of $194.32.

Oracle Price Performance

Shares of NYSE ORCL opened at $207.85 on Wednesday. The firm has a market capitalization of $581.34 billion, a P/E ratio of 47.89, a P/E/G ratio of 3.13 and a beta of 1.32. The firm's 50-day moving average price is $155.97 and its 200-day moving average price is $160.82. The company has a current ratio of 0.75, a quick ratio of 1.02 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 1-year low of $118.86 and a 1-year high of $216.60.

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

Oracle Dividend Announcement

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Investors of record on Thursday, July 10th will be given a $0.50 dividend. This represents a $2.00 annualized dividend and a yield of 0.96%. The ex-dividend date of this dividend is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Insiders Place Their Bets

In other news, Vice Chairman Jeffrey Henley sold 400,000 shares of the firm's 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 $209,000,421.92. This trade represents a 26.71% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink. Also, Director Leon E. Panetta sold 5,000 shares of the company's stock in a transaction on Friday, April 11th. The stock was sold at an average price of $129.77, for a total value of $648,850.00. Following the sale, the director now owns 58,090 shares of the company's stock, valued at $7,538,339.30. This trade represents a 7.93% decrease in their position. The disclosure for this sale can be found here. Over the last 90 days, insiders have sold 427,366 shares of company stock worth $80,183,723. 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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