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

Stratos Investment Management LLC boosted its position in shares of Oracle Corporation (NYSE:ORCL - Free Report) by 55.2% in the first quarter, according to its most recent filing with the Securities & Exchange Commission. The fund owned 9,330 shares of the enterprise software provider's stock after buying an additional 3,319 shares during the quarter. Stratos Investment Management LLC's holdings in Oracle were worth $1,305,000 as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors have also added to or reduced their stakes in the company. Harel Insurance Investments & Financial Services Ltd. raised its holdings in Oracle by 71.6% in 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. Rockland Trust Co. increased its position in shares of Oracle by 4.8% during the first quarter. Rockland Trust Co. now owns 10,165 shares of the enterprise software provider's stock valued at $1,421,000 after buying an additional 467 shares during the period. Calamos Advisors LLC raised its stake in Oracle by 1.5% in the first quarter. Calamos Advisors LLC now owns 711,290 shares of the enterprise software provider's stock worth $99,445,000 after buying an additional 10,426 shares in the last quarter. Cornerstone Advisory LLC lifted its holdings in Oracle by 34.1% in the fourth quarter. Cornerstone Advisory LLC now owns 12,968 shares of the enterprise software provider's stock worth $2,258,000 after buying an additional 3,299 shares during the period. Finally, Peak Retirement Planning Inc. bought a new stake in Oracle during the 4th quarter valued at approximately $211,000. Hedge funds and other institutional investors own 42.44% of the company's stock.

Oracle Stock Performance

ORCL stock traded up $1.97 on Wednesday, hitting $236.47. The company had a trading volume of 10,824,366 shares, compared to its average volume of 10,234,996. 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 12-month low of $118.86 and a 12-month high of $241.44. The stock has a market cap of $664.20 billion, a price-to-earnings ratio of 54.49, a P/E/G ratio of 3.48 and a beta of 1.39. The stock's 50-day simple moving average is $181.86 and its 200 day simple moving average is $165.14.

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

Oracle Announces Dividend

The firm also recently declared a quarterly dividend, which will be paid on Thursday, July 24th. Stockholders of record on Thursday, July 10th will be given a dividend of $0.50 per share. This represents a $2.00 annualized dividend and a dividend yield of 0.85%. The ex-dividend date is Thursday, July 10th. Oracle's payout ratio is currently 46.08%.

Analyst Ratings Changes

Several research analysts have recently issued reports on ORCL shares. Guggenheim increased their target price on Oracle from $220.00 to $250.00 and gave the stock a "buy" rating in a research report on Wednesday, June 18th. Stephens started coverage on Oracle in a research note on Wednesday, March 19th. They issued an "equal weight" rating and a $167.00 price target on the stock. CIBC reissued a "buy" rating on shares of Oracle in a research report on Monday, June 9th. Cowen reaffirmed a "buy" rating on shares of Oracle in a research report on Thursday, June 12th. Finally, Cantor Fitzgerald lowered their price target on shares of Oracle from $214.00 to $175.00 and set an "overweight" rating for the company in a research report on Tuesday, March 11th. Ten research analysts have rated the stock with a hold rating, twenty-two have issued a buy rating and two have given a strong buy rating to the company. According to data from MarketBeat, the company currently has a consensus rating of "Moderate Buy" and a consensus price target of $204.15.

Insider Transactions at Oracle

In related news, insider Clayton M. Magouyrk sold 15,000 shares of the business's stock in a transaction that occurred on Tuesday, June 17th. The shares were sold at an average price of $214.10, for a total transaction of $3,211,500.00. Following the completion of the sale, the insider directly owned 60,722 shares in the company, valued at approximately $13,000,580.20. The trade was a 19.81% decrease in their ownership of the stock. The sale was disclosed in a filing with the SEC, which can be accessed 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 transaction of $76,168,000.00. Following the completion of the transaction, the insider owned 1,097,576 shares in the company, valued at $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. Over the last ninety days, insiders have sold 450,366 shares of company stock worth $85,433,503. 42.20% of the stock is currently owned by corporate insiders.

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.