Stratos Investment Management LLC Acquires 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 first quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 9,330 shares of the enterprise software provider's stock after purchasing an additional 3,319 shares during the period. Stratos Investment Management LLC's holdings in Oracle were worth $1,305,000 at the end of the most recent quarter.

A number of other institutional investors and hedge funds have also bought and sold shares of the company. Redmont Wealth Advisors LLC acquired a new stake in Oracle during the first quarter worth approximately $27,000. Inlight Wealth Management LLC acquired a new stake in Oracle during the first quarter worth approximately $28,000. Sunbeam Capital Management LLC acquired a new stake in Oracle during the fourth quarter worth approximately $30,000. Hurley Capital LLC acquired a new stake in Oracle during the fourth quarter worth approximately $33,000. Finally, Mpwm Advisory Solutions LLC acquired a new stake in Oracle during the fourth quarter worth approximately $36,000. Institutional investors and hedge funds own 42.44% of the company's stock.

Oracle Stock Performance

Shares of ORCL traded down $0.73 during mid-day trading on Thursday, hitting $235.08. The stock had a trading volume of 11,470,190 shares, compared to its average volume of 10,239,208. The firm has a market cap of $660.30 billion, a P/E ratio of 54.17, a PEG ratio of 3.53 and a beta of 1.39. The business has a fifty day moving average price of $183.77 and a 200-day moving average price of $165.63. The company has a debt-to-equity ratio of 4.07, a current ratio of 0.75 and a quick ratio of 0.75. Oracle Corporation has a 52 week low of $118.86 and a 52 week high of $241.44.

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 the consensus estimate of $1.64 by $0.06. The firm had revenue of $15.90 billion for the quarter, compared to analyst estimates of $15.58 billion. Oracle had a return on equity of 87.34% and a net margin of 21.68%. The business's revenue was up 11.3% on a year-over-year basis. During the same period in the previous year, the company posted $1.63 earnings per share. On average, equities research analysts expect that Oracle Corporation will post 5 EPS for the current year.

Oracle Dividend Announcement

The business also recently disclosed a quarterly dividend, which will be paid on Thursday, July 24th. Investors 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 0.85%. Oracle's payout ratio is 46.08%.

Insider Activity at Oracle

In related news, EVP Maria Smith sold 10,000 shares of the business's stock in a transaction on Thursday, July 3rd. The stock was sold at an average price of $232.99, for a total transaction of $2,329,900.00. Following the sale, the executive vice president directly owned 40,807 shares in the company, valued at approximately $9,507,622.93. The trade was a 19.68% decrease in their position. The transaction was disclosed in a document filed with the SEC, which can be accessed through this hyperlink. Also, Vice Chairman Jeffrey Henley sold 400,000 shares of the business's stock in a transaction 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 sale, the insider owned 1,097,576 shares in the company, 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 sold a total of 450,366 shares of company stock worth $85,433,503 in the last 90 days. 42.20% of the stock is owned by company insiders.

Wall Street Analysts Forecast Growth

Several research firms recently commented on ORCL. JPMorgan Chase & Co. raised their target price on Oracle from $135.00 to $185.00 and gave the stock a "neutral" rating in a research note on Thursday, June 12th. Raymond James Financial restated a "strong-buy" rating on shares of Oracle in a report on Wednesday, June 18th. Bank of America boosted their price objective on Oracle from $156.00 to $220.00 and gave the company a "neutral" rating in a report on Thursday, June 12th. KeyCorp boosted their price objective on Oracle from $200.00 to $225.00 and gave the company an "overweight" rating in a report on Thursday, June 12th. Finally, Morgan Stanley restated an "overweight" rating on shares of Oracle in a report on Wednesday, June 18th. Nine analysts have rated the stock with a hold rating, twenty-three have assigned a buy rating and two have assigned a strong buy rating to the stock. According to MarketBeat, the company currently has an average rating of "Moderate Buy" and a consensus target price of $209.33.

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.