SMART Wealth LLC Grows Stake in Oracle Corporation (NYSE:ORCL)

SMART Wealth LLC grew its holdings in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 31.0% in the first quarter, according to the company in its most recent 13F filing with the Securities and Exchange Commission. The firm owned 11,490 shares of the enterprise software provider's stock after acquiring an additional 2,716 shares during the period. SMART Wealth LLC's holdings in Oracle were worth $1,606,000 as of its most recent SEC filing.

Other large investors have also recently bought and sold shares of the company. Harel Insurance Investments & Financial Services Ltd. boosted its position in shares of Oracle by 71.6% during the 1st quarter. Harel Insurance Investments & Financial Services Ltd. now owns 257,378 shares of the enterprise software provider's stock worth $35,984,000 after purchasing an additional 107,404 shares in the last quarter. IFM Investors Pty Ltd boosted its position in shares of Oracle by 8.8% during the 1st quarter. IFM Investors Pty Ltd now owns 334,930 shares of the enterprise software provider's stock worth $46,827,000 after purchasing an additional 27,065 shares in the last quarter. Hartline Investment Corp boosted its position in shares of Oracle by 16.6% during the 1st quarter. Hartline Investment Corp now owns 3,794 shares of the enterprise software provider's stock worth $530,000 after purchasing an additional 541 shares in the last quarter. 44 Wealth Management LLC bought a new position in shares of Oracle during the 1st quarter worth about $246,000. Finally, Royal Harbor Partners LLC boosted its position in shares of Oracle by 3.8% during the 1st quarter. Royal Harbor Partners LLC now owns 3,394 shares of the enterprise software provider's stock worth $475,000 after purchasing an additional 125 shares in the last quarter. 42.44% of the stock is currently owned by institutional investors and hedge funds.

Insider Buying and Selling at Oracle

In related news, Vice Chairman Jeffrey Henley sold 400,000 shares of Oracle stock in a transaction that occurred 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 in the company, valued at approximately $209,000,421.92. The trade was a 26.71% decrease in their position. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, Director Leon E. Panetta sold 17,500 shares of Oracle stock in a transaction that occurred 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 completion of the transaction, the director owned 58,090 shares of the company's stock, 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 have sold a total of 440,366 shares of company stock valued at $83,103,603 over the last 90 days. 42.20% of the stock is currently owned by corporate insiders.

Analyst Upgrades and Downgrades

A number of equities analysts have recently issued reports on the stock. UBS Group set a $250.00 price objective on shares of Oracle and gave the stock a "buy" rating in a research report on Wednesday, June 25th. DA Davidson raised their price target on shares of Oracle from $140.00 to $170.00 and gave the company a "neutral" rating in a research report on Thursday, June 12th. Royal Bank Of Canada raised their price target on shares of Oracle from $145.00 to $195.00 and gave the company a "sector perform" rating in a research report on Thursday, June 12th. Cowen reaffirmed a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, The Goldman Sachs Group reaffirmed a "neutral" rating and issued a $195.00 price target (up previously from $145.00) on shares of Oracle in a research report on Friday, June 13th. Ten investment 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 stock. According to MarketBeat.com, Oracle currently has an average rating of "Moderate Buy" and an average price target of $204.15.

Oracle Stock Performance

Shares of ORCL stock traded up $7.41 during trading hours on Friday, hitting $237.39. 18,441,376 shares of the company were exchanged, compared to its average volume of 10,140,491. The firm has a fifty day simple moving average of $178.14 and a 200 day simple moving average of $164.26. The company has a current ratio of 0.75, a quick ratio of 0.75 and a debt-to-equity ratio of 4.07. Oracle Corporation has a 52-week low of $118.86 and a 52-week high of $237.99. The stock has a market capitalization of $666.79 billion, a price-to-earnings ratio of 54.70, a P/E/G ratio of 3.55 and a beta of 1.39.

Oracle (NYSE:ORCL - Get Free Report) last issued its quarterly earnings results on Wednesday, June 11th. The enterprise software provider reported $1.70 earnings per share (EPS) for the quarter, topping the consensus estimate of $1.64 by $0.06. Oracle had a net margin of 21.68% and a return on equity of 87.34%. The company had revenue of $15.90 billion during the quarter, compared to analyst estimates of $15.58 billion. During the same quarter last year, the business posted $1.63 EPS. Oracle's quarterly revenue was up 11.3% compared to the same quarter last year. Research analysts predict that Oracle Corporation will post 5 earnings per share for the current fiscal year.

Oracle Announces Dividend

The business also recently declared 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 annualized dividend and a dividend yield of 0.84%. Oracle's payout ratio is currently 46.08%.

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.