Stratos Investment Management LLC Purchases 3,319 Shares of Oracle Corporation (NYSE:ORCL)

Stratos Investment Management LLC boosted its position in Oracle Corporation (NYSE:ORCL - Free Report) by 55.2% in the 1st quarter, according to the company in its most recent 13F filing with the SEC. The fund owned 9,330 shares of the enterprise software provider's stock after purchasing an additional 3,319 shares during the quarter. Stratos Investment Management LLC's holdings in Oracle were worth $1,305,000 at the end of the most recent reporting period.

Other hedge funds have also recently added to or reduced their stakes in the company. Redmont Wealth Advisors LLC purchased a new position in shares of Oracle during the 1st quarter worth $27,000. Inlight Wealth Management LLC purchased a new position in shares of Oracle during the 1st quarter worth $28,000. Sunbeam Capital Management LLC purchased a new position in Oracle during the 4th quarter valued at about $30,000. Hurley Capital LLC purchased a new position in Oracle during the 4th quarter valued at about $33,000. Finally, Mpwm Advisory Solutions LLC purchased a new position in shares of Oracle in the 4th quarter valued at about $36,000. 42.44% of the stock is owned by institutional investors and hedge funds.

Wall Street Analysts Forecast Growth

Several equities analysts have recently issued reports on the company. Evercore ISI reiterated a "buy" rating on shares of Oracle in a research note on Wednesday, June 18th. Citigroup reaffirmed an "outperform" rating on shares of Oracle in a research report on Thursday, June 12th. Guggenheim lifted their price target on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Raymond James Financial reaffirmed a "strong-buy" rating on shares of Oracle in a research report on Wednesday, June 18th. Finally, JPMorgan Chase & Co. lifted their price target on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research report on Thursday, June 12th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have given a strong buy rating to the stock. According to MarketBeat.com, Oracle presently has a consensus rating of "Moderate Buy" and a consensus price target of $209.33.

Insider Activity at Oracle

In other news, insider Clayton M. Magouyrk sold 15,000 shares of the stock in a transaction that occurred on Tuesday, June 17th. The stock was sold at an average price of $214.10, for a total value of $3,211,500.00. Following the completion of the transaction, the insider directly owned 60,722 shares of the company's stock, valued at approximately $13,000,580.20. This represents a 19.81% decrease in their position. The sale was disclosed in a filing with the SEC, which is accessible through the SEC website. 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 completion of the transaction, the insider directly 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 disclosure for this sale can be found here. Insiders have sold a total of 450,366 shares of company stock worth $85,433,503 in the last 90 days. Insiders own 42.20% of the company's stock.

Oracle Stock Up 0.0%

Shares of ORCL stock traded up $0.01 on Thursday, reaching $235.32. 6,093,971 shares of the company's stock traded hands, compared to its average volume of 10,203,184. Oracle Corporation has a 12-month low of $118.86 and a 12-month high of $241.44. The company has a debt-to-equity ratio of 4.07, a quick ratio of 0.75 and a current ratio of 0.75. The company has a market capitalization of $660.98 billion, a P/E ratio of 54.22, a price-to-earnings-growth ratio of 3.51 and a beta of 1.39. The business's 50 day moving average price is $183.77 and its two-hundred day moving average price is $165.63.

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 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 firm 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 posted $1.63 earnings per share. The business's quarterly revenue was up 11.3% compared to the same quarter last year. On average, equities analysts forecast that Oracle Corporation will post 5 earnings per share for the current year.

Oracle Dividend Announcement

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 0.85%. Oracle's dividend payout ratio (DPR) is presently 46.08%.

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.